Retirement is a crucial topic for everyone — even those who are decades away from it.
Millennials are firmly in the workforce these days, and their impact on the economy is massive. This means it’s important for them to begin to focus on retirement planning.
One helpful habit now is to make note of your spending patterns. If you can reduce them over time, or save alongside them, you’re already on track. Take advantage of your youth and work longer hours when possible, so you can save up more money in the coming decades.
If you’re planning on raising your income in the near future, also be sure to raise your contributions to your retirement accounts, and consider tax-exempt options.