How do I make my retirement plan?

Answer 1

Start right away. Put away as much as you can. The rest of your plan will be more important as you get closer to retirement age.

Many websites, like the ones listed above, can help approximate what you'll need. But the simple answer is to take advantage of all of the tax-deferred savings that you can (401K, IRA, etc.) If you can put additional money away as well, do that. You will likely live quite a long time after you retire, and the combination of old and poor sucks.

Answer 2

first you need a job or a way of making a living. if you have a job, check whether your employer offers any kind of retirement plan. If so, check it out to make sure it is trustworthy. if it is, participate in it.

if you're self-employed, open an individual retirement account at a regular bank, savings bank or broker and contribute to it regularly.

the younger you start saving for retirement, the more money you'll have when you need it.

Answer 3

If you have a long time before retirement, open up a ROTH IRA account and put the money in a good mutual fund. Always pay yourself 1st, if the money comes out before you get your hands on it, you will not spend it. Try to save at least 10% of your salary before taxes, if you can have it taken out of your salary, see if you can have an automatic increase in your savings everytime you get a raise. EXAMPLE; You are saving 1000.00and get a 3% raise in your salary, have your saving increased to 1030.00.

Answer 4

Unit trust