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How to Win at Retirement Savings
Article

How to Win at Retirement Savings


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Editorial Rating

7

Qualities

  • Applicable
  • Well Structured
  • Engaging

Recommendation

Someday you’ll retire, probably. Retirement is something nearly everyone does sooner or later – but odds are you didn’t learn much about it from your parents or in school. Everyone knows it’s important, but it seems complicated and challenging. It’s no wonder retirement planning tends to arouse anxiety. Journalist Rob Lieber cuts through the complexity to provide a clear, reassuringly simple outline of steps, aimed at Americans, to help you plan for your financial future. While never giving financial advice, getAbstract recommends this article to anyone who’s been procrastinating about saving for retirement or who is just unsure how to get started.

Take-Aways

  • To have a healthy bank account at retirement, start saving as soon as you can, even if the amount is small.
  • Save as much as you can – within reason.
  • Learn about the account options available to you, including matching funds, savings caps and taxation.

About the Author

Ron Lieber is the Your Money columnist for The New York Times and author of The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money.