Some people say that they are not in a position to plan ahead for retirement. Their take on things is that it is challenging to get by day to day and week by week, and they simply don’t have large amounts of money to set aside for retirement on a regular basis.
It is possible to empathize with the above, but it is a limited perspective.
There are individuals who surprise those around them when it becomes clear that they have more than ample funds to support a comfortable retirement. The way that they are able to accomplish this is by working within a very clear-cut long-term financial plan over a number of decades.
Relatively small amounts of money can add up considerably. If you make reasonably conservative choices and you stay the course over an extended period of time you can indeed build up a surprising nest egg.
Part of the strategy is going to be to contribute into the 401(k) plan at work. A lot of companies offer a match, and it is definitely a good idea to take advantage of every cent that the company is willing to give you essentially free.
You may also want to target a retirement destination that could potentially provide you with a high quality of life at a lower cost than you are used to paying here in the Hartford area. A lot of people relocate to Florida, and the low property taxes and real estate climate is favorable for retirees.
If you develop a plan and maintain focused you can enjoy your golden years when they arrive even if you are person of modest means.