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Problem

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activity label

Family Life

ctx

[header] How to plan for retirement in your 30s [title] Discuss retirement with your partner, if you have one. [step] Work with your partner to set retirement age goals, estimate retirement expense and income, and set savings goals. Factor in their retirement accounts, if they have individual savings, and social security earnings.

endings

  1. [title] Evaluate if you'd like to finance an 401 (k) plan. [step] If you have any life goals beyond retirement or if you've already committed to retirement, you may want to consider a plan.
  2. Since all of you are getting into retirement, separate your retirement income from your social security account to help figure out what's in each account and where you will be spending money per year. [title] Determine whether or not to raise money by yourself.
  3. To make retirement requirements as easy as possible for both of you, you should communicate your financial situation with your partner and say the following : [substeps] " i know you're under a bit of uncertainty about your retirement age. It doesn't hurt to set an additional financial goal for either of us to discuss.
  4. Talk about how you each foresee living in retirement and about your expectations for your living standards. [substeps] For example, discuss whether you intend to save money in retirement by moving into a smaller home or condo in a location with a lower cost of living.

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