Planning to retire in your 60s? Here’s a roadmap

June 8, 2020

By Chad Parks, MarketWatch

You’ll have different needs in all stages of life

Saving for retirement is a lifelong process. While each saver’s journey will look different, there are important considerations to keep in mind for each stage of life. First and foremost, successfully financing your retirement requires a detailed budget that evolves as your income and expenses grow. The savings and investing vehicles you use to get there may change along the way as well.

Let’s take a look at the retirement savings journey by decade:

Get started on the right foot in your 20s

When entering the workforce after graduating college, many of us are introduced to health care and retirement benefits for the first time. Some savers are carrying student loan debt and gaining experience managing a complex budget.

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