How to Prepare for Retirement While Youre Young

How to Prepare for Retirement While Youre YoungI know, you dont think you need to think about retirement yet. But trust me, it sneaks up on you. Youre probably already behind. Rather than being overwhelmed, focus on a few simple things you can do this year to make aya you have the life youve always dreamed of in your sunset years. googletag.cmd.push(function() googletag.display(div-gpt-ad-1467144145037-0) ) Eat Right and ExerciseKeeping up your health is half the battle. What good is retirement, after all, if youre too sick to enjoy it? Fight off obesity, your risk of heart disease, and diabetes. Being healthy and active will improve your quality of life, and it will save you a small fortune in health care costs.Save SmartJust shaving off bits of every paycheck and dumping them into a savings account isnt going to cut it. Try funding your 401k to the maxthis is free money courtesy of your employer Taking more out of your paycheck will also save you on annual income tax. And, if you have the means, try buying property to generate more incomeor even remodeling your house to include a rentable unit for a little extra cash.Know Where Youll BeHave a home with equity, but very little savings? You wont have access to your biggest assets to pay your monthly bills. To get greater access, consider selling your house and downsizing to a smaller property, renting out a spare room, or refinancing your loan or mortgage. You might even qualify for a reverse mortgage and be able to convert your home equity into cash.Know Where Your Money IsYouve worked so hard for your retirement savings. Make koranvers you know what your money is doingand whether it could be doing better. Meet with an advisor for a once-a-year review of your funds, just like you see your doctor for an annual physical.Make a Bucket ListDont get all the way to your retirement and then have no idea how to spend your time. Stave off the potential loneliness and boredom by making sure you have a list of things to do with yourselfprojects and trips and plans you never had time for in your working years.The 5 Resolutions You Need To Make If You Ever Want To Retire