Top ten rules for retirement saving



The first rule of retirement savings is to create a written plan. Financial plans include your income and expenses now, and how to invest your money today to grow them enough to cover future living expenses.


Create a budget that plans your income and expenses and use the budget to keep track of your spending. This ensures that you do not overspend so that you can reach your grow your income fast.

Keep working part-time

Working another part-time job in the years leading up to your retirement provides you with an additional source of savings. You can take on a part-time job while retiring to make extra money or to keep your mind busy.

Review bills carefully

Don’t give your money for free. Review monthly bills for accuracy so you only pay creditors what is due to them.


Cut coupons and take advantage of discounts where and when you can. Put the money you save into your retirement account. Doing this every time you eat out or buy an item will quickly accumulate over the years.

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Never pay more than you have to do for an item, especially a big ticket. Shop and compare at least three places before making a major purchase.

Start now

It’s never too late to start saving for retirement. So even if you are only a few years away from retiring, put in some money, invest your money, and start planning today for your tomorrow.

Be conservative

Invest your retirement funds more conservatively than you would any other means. Growing your money is as important as it is to maintain the main balance and protect them from inflation.

Professional advice

Most individuals are not equipped to make investment and estate planning decisions. Seek advice from a Certified Financial Planner (CFP) to help you review your situation, create a plan and set you on track to reach your retirement goals.

Consider time

The number of years you have left until retirement plays a key role in your investment opportunities. Invest in a way that gives you the highest possible return for the time you have left for retirement.



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