Small Business Resource: New Year Retirement Resolutions

December 18, 2006

by Joshua Geary

Okay, so you’re only 30, you say, why worry about retirement when it’s light years away? That’s precisely the reason.

You need to think about retirement because it’s this time when you have the most mileage and leverage. Do it now while you’re still

years away from your 50s and 60s because acquiring retirement savvy does not happen overnight. Think of all the financial maneuvering

you can do with your 401(k) as an example. The 30s and 40s are you wealth-building years – they’re also the years when you’ll be

changing jobs quite often and taking your retirement plans with you to the next employer, or the next town, or the next state. As you

get into a mortgage and build a family, the word “retirement” may seem rather remote but this is the best time to take advantage of time

while it’s still on your side. So while the 30s and 40s may seem like exciting times peppered with career progressions and stock options

and salary perks, it is, alas, also a time for easily getting into debt. The average American family now needs a second vacation home,

will be buying a third car, looking at private schools, and of course investing in those dental braces that cost an arm and a leg.

As everyone ushers in 2007 with the usual fanfare and champagne and fireworks, you could start thinking about how to add some

spark to your IRAs and company-sponsored retirement plans.

You just might wake up one morning when you’re 55 and sigh, “dang, why didn’t I do it then…”

Get in on the advantages of youth in preparing for retirement with a self directed IRA or 401k. Check it out at myrealestateira.com.

Posted by David at December 18, 2006 5:23 PM

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