It’s always the right time to plan for retirement

Whether you’re just entering the workforce or plan to stop working in a few years, it’s never too early – or too late – to save for retirement. Ideally, retirement planning and saving should start as soon as you get your first paycheck, but it’s easy to focus on more pressing expenses in your 20s, 30s and 40s, like paying for a house or raising children. By your 50s or 60s, however, you might feel you haven’t saved enough to avoid worrying about financial security in retirement. There’s always time to make changes. Consider these options to protect your assets, build credit, and maintain and grow your investments for a financially worry-free future. Start with the basics No matter your age or current financial status, the following steps are the foundation of most retirement plans. Begin with a 401(k). If available, join your employer’s retirement plan, like a 401(k). You can set up automatic deposits each pay period, and many employers will match your financial contributions, giving you more funds for the future. Consider opening an IRA. Find out if you’re eligible for an individual retirement account (IRA) and contribute what you can. You can have an IRA in addition...