What advice you could give to achieving the dream of a secure, comfortable retirement

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  • Fateup
    Junior Member
    • Apr 2016
    • 18

    What advice you could give to achieving the dream of a secure, comfortable retirement

    Creating a comfortable retirement is, in many cases, the single biggest financial challenge that anyone can face. But how do you make sure that you maximize your savings and retire comfortably? What are the tips, tricks and advice you could give to achieving the dream of a secure, comfortable retirement?
  • riverbabe
    Senior Member
    • May 2005
    • 3373

    #2
    Originally posted by Fateup View Post
    Creating a comfortable retirement is, in many cases, the single biggest financial challenge that anyone can face. But how do you make sure that you maximize your savings and retire comfortably? What are the tips, tricks and advice you could give to achieving the dream of a secure, comfortable retirement?
    This is what I did: Got a good job that had a pension plan and a 401k. Put the maximum into an IRA every year. Got lucky big time on a few stocks. Cut monthly expenses as much as possible. Now, with the small pension and social security and the minimum required distribution from the IRA and the rolled-over 401k, I can live comfortably month to month. For unexpected expenses, I use an LOC on my house as an ATM. Good luck!

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