Retirement 101 – Top 8 Questions About Retirement

Ready for Retirement 101? These are the top 8 questions you need to ask to help you achieve the retirement you really want!

What’s the 101 on planning for retirement?

Never too soon to start. Teach your kids to save money NOW.
The earlier you start planning, the more time your money has to grow.

That said, it’s never too late to start planning. Even if you haven’t so much as considered retirement, don’t feel like your ship has sailed. Every dollar you can save now will be much appreciated later. Strategically invest — which we’ll show you how to do in this guide — and you won’t be playing catch-up for long.

Should I save for retirement if I don’t have an emergency fund?

Lots of people have financial goals they feel are more pressing than retirement, like paying down credit card or student loan debt or building up an emergency fund

But to answer your question in abridged form: Generally, yes, you should save for retirement at the same time you’re building your emergency fund — especially if you have an employer retirement plan that matches any portion of your contributions.

What’s the best way to plan for retirement?

The cornerstones of retirement planning are determining how much money to save and where to save it.

The question of where to save is pretty straightforward: If you have a 401(k) or other employer retirement plan with matching dollars, start there. (If you don’t have a workplace retirement plan, you can open your own retirement account — we’ll show you how.) As for how much to save? Let our retirement calculator crunch the numbers for you.