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McGuire Real Estate
McGuire Real Estate
Courtney Banks, McGuire Real EstatePhone: (412) 523-9108
Email: [email protected]
Saving Money for Retirement

by Courtney Banks 04/14/2019

Retirement is something all workers should look forward to doing. It is a period of rest after many years of exemplary service. Retiring from service is not only applicable to government workers, those working in a private establishment, as well as other non-governmental organizations, will also retire at a particular time. 

While the retirement period is a period of rest, it can be frustrating if there is no financial preparation. It is therefore essential for workers to prepare adequately for their retirement not minding the retirement package put in place by their employer. An excellent way to put up a secure financial backup for retirement is saving. It pays to focus on how you can save towards your retirement. 

Here are some useful pointers and suggestions that will help you start to save effectively towards your retirement:

Start Early 

The most useful advice on how to save money for retirement is by starting early. When you start early in your career, you would have saved a considerable amount of money before retirement, giving you something worthwhile to fall back on when you retire. A lot of workers start saving late thinking that they have plenty of time ahead of them. Most of those workers end up saving nothing at the end of the day.

Clear all debt 

Debt is one of the hindrances to retirement savings. Though it is not comfortable paying off your debt as soon as you can but clearing all your debt means freeing up more money for retirement savings. So, to ensure you have enough money to save, try to be debt-free to enable you to have enough funds for your upkeep and your retirement savings as well.

Prioritize your Pension 

There are lots of reasons to save; you can save for a home, car, holiday, retirement and many other things. You must decide what your priority is, whether you are saving toward buying a new car, building a new house or you concentrate on your pension. Focusing on your pension funds may seem to be of no benefits while you are still working, but you will understand better when you retire. 

Set a goal

Setting a firm and realizable goal is a way of motivating yourself to put a particular sum of money aside for your retirement. There are numerous benefits of setting a goal when it comes to retirement savings. Apart from motivating you to do your best, a goal will always give you a target to meet.

Speak to a certified financial advisor if you have trouble figuring out a viable retirement plan.

About the Author

Author
Courtney Banks

Originally from Pittsburgh, Pennsylvania, Courtney moved to the Bay Area in 2008 to attend the University of San Francisco where she received a Bachelor of Arts degree in Interpersonal Communication and her Master’s Degree in Education. Previously, she taught Kindergarten at Lafayette Elementary school.

One of the things that originally drew Courtney to the beautiful city of San Francisco was her love of the unique city architecture. Living here for 10 years has allowed her to explore, experience, and live in multiple neighborhoods throughout the city (and bay area), including; The Outer Richmond, Pan Handle, Marina, North Beach, Presidio and even Sausalito. Her variety of neighborhood knowledge makes her a great resource for your buying or selling needs!

Through her teaching career, Courtney has developed a great sense of patience, understanding, and creativity in problem-solving. These skills allow her to build meaningful relationships with clients to serve them in any of their real estate needs. She understands that buying or selling a home is a personal and often, emotional process and she will be there to support her clients in finding their perfect solution.

Courtney loves to take advantage of all that San Francisco has to offer, especially the food! She enjoys staying active and hiking with her dog in beautiful Marin, or strolling through different neighborhoods in search of the newest bakeries!

In working with Courtney, you will get someone who will listen to your wants and needs, who will go to bat for you, and who will be patient and understanding throughout this personal journey.