• Home
  • New? Start Here
  • Contact
  • Blog
  • Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Real Mom Life

  • Purpose and Passion
    • Planners
    • Purpose and passion
    • Reinvention
    • Retirement
    • Starting a business
    • Volunteering
    • Working
    • Trying new things
    • Ageism
    • Giving back
    • Confidence
    • Encore careers
    • Encouragement
    • Gratitude
    • Happiness
    • Inspiration
    • Lifelong Learning
  • Adventure
    • Travel
    • Technology
    • Trying new things
    • Books and movies
    • Embracing change
    • Fun
    • Holidays
    • Pets
  • Relationships
    • Marriage
    • Friendships
    • Parenting
    • Painful parenting
    • Mothering
    • Grandparenting
    • Aging parents
    • Empty nest
    • Cancer caregiving
    • Child adoption
    • Homeschooling
    • Special needs kids
    • Life skills for kids
    • Activities for kids
  • Health and Beauty
    • Alternative health practices
    • Fashion
    • Hair care
    • Health insurance
    • Healthy aging
    • Healthy brain
    • Makeup
    • Medical issues
    • Mental health
    • Sexuality
    • Skin care
    • Sleep
    • Stress
    • Nutrition
    • Physical fitness
    • Self-care
  • Creativity and Spirituality
    • Faith
    • Crafts
    • Hobbies
    • Art journaling
    • Blogging
    • Journaling
    • Jewelry making
    • Writing
  • Home and Finances
    • Cleaning
    • Cooking and food
    • Declutter
    • Decor
    • DIY Home
    • Downsize
    • Gardening
    • Holidays
    • Organizing
    • Saving money
    • Simplify
  • Coffee Love
  • Rants, Raves and Reviews
  • Bucket List
  • Store

Tips To Help Build Your Funds For Retirement

March 9, 2023 By Christine Field Leave a Comment

This post may contain affiliate links.

Retirement might still be a long time away for you, whether you’re in your early twenties, a young mum, or a growing family of four. However, retirement will hopefully come for us all. 

 

A time when we can finally relax and switch off from the hustle and bustle of work. It’s an opportunity to enjoy more of what life has to offer, along with all of the personal passions that come with it.

 

Whether it’s a long time away or it’s coming within the next decade or so, it’s important to know what you need to be doing now in order to build your funds. It’s necessary to help ensure you have enough to comfortably live on when you do retire and that you’re doing this over a long period of time beforehand.

 

Here are some helpful tips to build your funds for retirement so that you can enjoy it to the fullest when it comes around.

Image Source

Begin investing early on in your life

Where you can, it’s important to start investing early on in your life. It’s the time in which you can invest in many different opportunities and while you’re young, you can afford to make the mistakes you’ll likely make when understanding the basics of investment.

 

Diversifying your portfolio is important so where possible, it’s good to try and explore a variety of different investment opportunities. For example, you may wish to buy your first property and add on another property to rent out and create a second income.

 

There are lots of opportunities within stocks and shares, along with modern investment types like cryptocurrency, peer-to-peer lending, and NFTs. While all investments carry a certain degree of risk, if you want to build your wealth and potentially make it go further, then it’s worth making these investments where you can.

 

For cryptocurrencies, it’s worth knowing how it all works and how to trade successfully. There are lots of resources online on how to trade Cosmo (ATOM) and all of the other active cryptocurrencies available currently.

Set up a private pension pot

A private pension pot is worth setting up in order to have a bit of extra money saved away in the event that something worth happens to your pension pot with the employer or employers that have been contributing to your pension pot in the past.

 

It might also be the case that you want to have an extra pension pot made available to you in order to maximize the number of funds you have available for when you retire. Of course, everyone is different in their financial income and how much they can afford to set aside when it comes to a pension. 

 

However, the more you can save, the better, especially if it contributes to your pension.

Have savings that will cater to your retirement lifestyle

The savings you have, need to be able to cater to the retirement lifestyle that you’re after. That may look different from one person to the next, especially as one retired individual may have a more lavish lifestyle than another.

 

It’s important to look at how much in savings you’ll need to have in order to cater to that lifestyle you’ll have when you retire. It may be that the lifestyle you have becomes more luxurious when you retire, or you’re looking to have a fairly subdued retirement lifestyle instead.

Meet your employee’s pension contributions

Make sure you’re meeting your employee’s pension contributions where you can. For many employees, they’ll likely offer 5-10% and if you’re able to increase your pension contributions to this amount, then you’ll certainly save up a lot of funds in your pension pot. It might not even be a noticeable amount more from your paycheck.

 

Even if you were to do this every so often throughout your career, the amount you could amass for your retirement could make a big difference.

Set goals and automate savings

Setting goals is a great driver of motivation when you’re trying to save money. Using automation tools and apps to help with savings is also a worthwhile choice for those who often struggle to save their money.

 

Perhaps one of your goals is to cut out luxuries and save that money instead. It could be a total that you’re aiming to achieve over the course of a few months to a year. Setting goals will help you achieve those financial goals you’re looking to achieve before your retirement.

 

Building funds for your retirement is critical in life, so make sure to start now.

 

Filed Under: Retirement Tagged With: retirement

Previous Post: « How to Maintain a Lush Garden in Your Retirement Home
Next Post: Family Decisions: Including Your Adult Kids In The Conversation »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

FacebookInstagrammailPinterestYouTubeTwitter

Hi, I’m Christine

Have you been a wholehearted mother, but time, toddlers and teenagers have moved on? If you are wondering what comes next for you, you’ll feel right at home here.

Or, are you a mom for whom family life has been non-Pinworthy and parenting has been downright painful? I hear ya. There are many of us around.

Are you looking for a life full of exploration and adventure after the nest empties, but maybe you have no idea how to go about doing that? Stick around! We’ll explore adventures together to help you gain more clarity for your own path.

After a couple decades of writing books and articles about parenting, homeschooling and adoption, speaking to homeschoolers and other parent groups, and reaching out to the mom in the trenches who was trying to make the best of it - my kids grew up. Some grew up and grew away. I was determined to find a way out of the pain, emptiness and lack of direction.

For many of us, the journey starts with something we moms are not accustomed to. After years of caring for and serving others, sometimes we forget the beauty and wonder of US. We need to spend some time getting to know the parts of ourselves that have lain dormant, and take the time to explore interests and passions that we set aside.

I’d like to invite you to get the “What’s Next for Mom” workbook and jump into this growing tribe of Moms who are emptying the nest and filling the life! Let’s reignite your Mojo after Mothering!
Read More…

Visit my Amazon Influencer Storefront

www.amazon.com/shop/christine.field.7505

Search the Blog

Want to Search For Something?

Disclosure and Privacy Policy

Real Mom Life is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

 

Cookie policy

This website will store some information about your preferences on your own computer inside a tiny file called a cookie.  A cookie is a small piece of data that a website asks your browser to store on your computer or mobile device. The cookie allows the website to remember your actions or preferences over time.

You can delete all cookies that are already on your computer, and you can set most browsers to prevent them from being placed. However, if you do this, you may have to manually adjust some preferences every time you visit a site, and some services and functionalities may not work.

Most browsers support cookies, but you can set your browser to decline them and can delete them whenever you like. You can find instructions here for how you can do that on various browsers.

This website uses cookies to

1) Identify you as a returning user and to count your visits in traffic statistics analysis

2) Remember your custom display preferences (such as whether you prefer comments to display all-collapsed or not)

3) Suggest any recent searches you’ve made on our site

4) Provide other usability features, including tracking whether you’ve already given your consent to cookies

Enabling cookies is not strictly necessary for the website to work but it will provide you with a better browsing experience.

The cookie-related information is not used to identify you personally and is not used for any purpose other than those described here.

There may also be other types of cookies created after you’ve visited this website. This site uses Google Analytics, a popular web analytics service that uses cookies to help to analyze how users use the site. The information generated by the cookie about your use of this website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google will use this information for the purpose of evaluating your use of another website, compiling reports on website activity, and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google’s behalf. Google undertakes not to associate your IP address with any other data held by Google.

Third Party Advertising

This site has third-party advertising companies serving ads to you when you visit. These companies may store information about your visits here and to other websites in order to provide you with relevant advertisements about goods and services. For example, if they know what ads you are shown while visiting this site, they can be careful not to show you the same ones repeatedly.

These companies may employ cookies and other identifiers to gather information which measures advertising effectiveness. The information is generally not personally identifiable unless, for example, you provide personally identifiable information to them through an ad or an email message.

They do not associate your interaction with unaffiliated sites with your identity in providing you with interest-based ads.

This site does not provide any personal information to advertisers or to third party sites. Advertisers and other third-parties (including the ad networks, ad-serving companies, and other service providers they may use) may assume that users who interact with or click on a personalized ad or content are part of the group that the ad or content is directed towards (for example, readers in the Pacific Northwest who read certain types of articles). Also, some third-party cookies may provide them with information about you (such as the sites where you have been shown ads or demographic information) from offline and online sources that they may use to provide you more relevant and useful advertising.

To learn more about what options you have about limiting the gathering of information by third-party ad networks, you can consult the website of the Network Advertising Initiative.

You can opt out of participating in interest-based advertising networks, but opting out does not mean you will no longer receive online advertising. It does mean that the companies from which you opted out will no longer customize ads based on your interests and web usage patterns using cookie-based technology.

Sharing Information

This site does not sell, rent, or disclose to outside parties the information collected here, except as follows:

(a) Affiliated Service Providers: This site has agreements with various affiliated service providers to facilitate the functioning of the site. For example, the site may share your credit card information with the credit card service provider to process your purchase. All administrative service providers that this site uses are required to have the same level of privacy protection as this site does, and therefore your information will be handled with the same level of care. Additionally, for example, this site may use analytic or marketing services such as Google Analytics, Google Adsense, Taboola, or RevContent, to which collection you hereby unconditionally consent.

(b) Where required by law: This site may share the collected information where required by law, specifically in response to a demand from government authorities where such demand meets the legal requirements.

(c) Statistical Analysis: This site may share Non-Personal Information and aggregated information with third parties, including but not limited to for advertising or marketing purposes. No Personal Information will be shared in this manner.

(d) Transactions: In connection with, or during negotiations of, any merger, sale of company assets, financing or acquisition, or in any other situation where Personal Information may be disclosed or transferred as a business asset.

How To Opt Out Of Interest-Based Advertising


Opting Out of Interest-Based Advertising Services: This website is a member of the Network Advertising Initiative(NAI) and adheres to the NAI Codes of Conduct as described on the NAI website. This website also adheres to the Digital Advertising Alliance (DAA) Self-Regulatory Principles. For a description of the DAA Program, please visit the DAA website.

Opting Out of Interest-Based Advertising by Third Parties: To find out more about interest-based advertising on the internet and how to opt out of information collection for this purpose by companies that participate in the Network Advertising Initiative or the Digital Advertising Alliance, visit NAI’s opt-out page or DAA’s Consumer Choice Page.

 

Footer

About Christine

FacebookInstagrammailPinterestYouTubeTwitter

At Real Mom Life, my passion is to provide resources and reassurances for moms facing the surprising challenges of family life. In my writing and speaking, I explore solutions to unexpected issues in adoption, homeschooling, special needs, and more while encouraging moms to extract the maximum joy out of each day. Read More…

Real Mom Life

Real Mom Life

10339 S. Kostner Ave.

                              Oak Lawn, IL 60453

 

Copyright © 2023 Real Mom Life on the Foodie Pro Theme