It is possible that you have been thinking for years about how much time you have left until you can retire, that your working life is getting a bit long or that you can hardly wait for the moment when you finally retire and rest from everything to start a new life. However, if you have not taken the necessary precautions, it is also possible that, when push comes to shove, you will discover that retirement is more complex and expensive than you thought and that you do not have as much money as you thought. The budget you've accumulated throughout your life could turn out to be too little, and by then it may be too late. Thus, it will be useful for you to try not to make the following mistakes, as they could mean that you are left without enough money to enjoy your retirement : Think short term Person reflecting reflect think Even if it seems like there is a long way to go until your retirement, it is recommended not to leave such an important issue until the end. If you want to be able to retire with enough money to live comfortably and enjoy at least a relatively golden retirement, you should think long term and be aware that the path may require some sacrifices.
Thus, preparation and anticipation is key : the sooner you think about your retirement and the money you need to have saved to face it in the best possible way, with an economic 'cushion' that gives you some comfort, the better. This table shows at what age you can retire from 2023 This implies, among other things, assuming that you will have to start cutting expenses Asia Phone Number List from the beginning, saving from your first income and informing yourself about everything that involves stopping working, such as the retirement age in Spain or the years you must have contributed to be able to collect the pension at 100%. Start saving too late to be late Getty Images Reaching retirement with enough money will depend on many factors, among which you can find your abilities to inform yourself and train yourself, to invest, to not spend beyond your means and to get a stable job that provides you with income and allows you to contribute. year after year. But, above all, it will have to do with your ability to save.
The first key, as many experts and millionaires point out, is to create the habit of saving , so that it costs you less to maintain it over time. Guide to start saving Also, if you're wondering when you should start saving so you don't run out of money in retirement , the answer is probably: now. This is according to Rob Greenman, financial planner and partner at the American finance company Capital Partners: as this expert reveals to CNBC, the most appropriate age to start saving for retirement is when you turn 20 . Move on from doing good financial planning Financial planner with clients Getty Images Whether your goal is to retire or simply save or make ends meet, you need to manage your money correctly. That is, do good financial planning . This involves controlling your finances through different means and tools, without falling into obsession but taking precautions and in an organized manner: that may involve consulting with a financial advisor and creating a personal budget, step by step.