Plan for a secure financial future
Retirement planning ensures you have enough money to maintain your desired lifestyle when you stop working. With people living longer, retirement can last 20-30 years or more.
Starting early gives your investments time to grow through compound interest, making retirement planning much easier.
Employer-sponsored retirement plan with tax advantages and often employer matching.
2024 Contribution Limit: $23,000 ($30,500 for age 50+)
Personal retirement account with tax benefits.
2024 Contribution Limit: $7,000 ($8,000 for age 50+)
Contributions are taxed, but withdrawals in retirement are tax-free.
Best for: Those expecting higher tax rates in retirement
The earlier you start, the more time your money has to grow.
Contribute at least enough to get full employer matching - it's free money.
Increase your contribution rate annually or when you get raises.
Balance risk and return based on your time horizon.