Retired in USA

Your golden years are your best years! Make them shine!

  • Home
  • Personal Finance
  • Retirement Life
  • Saving & Spending

Here’s Why Your Parents Retired More Easily Than You Will

January 12, 2023 · Retirement Life
letter retire
Photo by fizkes from Shutterstock

Meet your employer’s match

“If your employer wants to match your 401(k) plan contributions, at least make sure you contribute long enough and take advantage of the match” as Greenberg advised. For example, an employer might want to match 50% of employee contributions up to 5% of your salary, which means that if you earn $50,000 a year and contribute $2,500 to your plan, your employer will add another $1,250, which is pretty much free money. You shouldn’t leave it on the table.

Open an IRA

You should open an individual retirement account (IRA) to help you build your nest egg. There are two options out there: you can either choose a traditional IRA or a Roth IRA. A traditional IRA might be the proper decision for you, depending on your income and whether or not your spouse is eligible to participate in their workplace retirement plan.

Contributions to any traditional IRA can be tax-deductible, and the potential investment earnings will grow tax-deferred until you decide to withdraw your funds during retirement. If you meet the phased-out modified adjusted gross income limits, which are mainly based on your federal tax filing status, then a Roth IRA could be the proper choice for you.

Pages: 1 2 3 4 5 6 7

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published.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

1 comment on “Here’s Why Your Parents Retired More Easily Than You Will”

  1. Lee says:
    February 15, 2023 at 4:39 pm

    This is very poorly written and researched. It is nothing more than a quote story hastily written at an 8th-grade level.

    Reply
Se încarcă comentarii...

Nu mai există comentarii de afișat.

Search

Latest Posts

  • An older man sitting at his kitchen table under morning light, carefully reviewing his Social Security check and paper statements. 8 Signs Your Social Security Payment Was Miscalculated
  • A mature multi-ethnic couple reviews retirement documents together at a sunlit dining table in their home. 7 Social Security Rules for Non-Citizen Retirees
  • An older man sitting at a wooden table organizes medical documents and application papers in his warm, sunlit home. 8 Signs You Qualify for Expedited Social Security Processing
  • An ink and watercolor illustration of a winding path with signs for Age 62, Age 67, and Age 70, symbolizing retirement decisions. 9 Social Security Mistakes That Are Hard to Reverse
  • 7 Signs You Should Appeal a Social Security Decision 7 Signs You Should Appeal a Social Security Decision
  • A reflective woman in her early 60s sits in her sunlit living room, holding a ceramic mug and looking out the window. 8 Social Security Rules Divorced Spouses Often Miss
  • An ink and watercolor illustration of a magnifying glass over a Social Security statement, revealing a growing staircase of tree rings. 9 Signs Your Social Security Statement Underestimates Your Benefit
  • An older American couple sits on a sunlit European balcony overlooking the sea, planning their retirement journey together. 7 Social Security Rules That Change If You Live Abroad
  • An older woman sits thoughtfully at her dining table with documents and a warm mug, reflecting in soft afternoon light. 8 Signs You Should File for Social Security Survivor Benefits
  • An ink and watercolor illustration of a happy senior couple reviewing papers together at a cozy dining table. 8 Programs Offering Free Tax Help to Seniors Regardless of Income Level

Newsletter

Get retirement tips and senior living advice delivered to your inbox.

Related Articles

A healthy senior couple walking outdoors on a sunny day, representing vitality and retirement wellness.

GLP-1 Weight Loss Drugs (Ozempic, Wegovy) for Seniors: Benefits and Risks

Discover the benefits, muscle loss risks, and 2026 Medicare coverage updates for GLP-1 weight loss…

Read More →
snap supplemental nutrition assistance program

Americans Are Losing Their Food Stamp Benefits. Are You One of Them?

What to Watch Resolution of the shutdown: If Congress passes a spending bill and the…

Read More →
Retiring In Alabama

Retiring in Alabama: Here Are 6 Smart Reasons You Should Consider Moving

The scenic Gulf Coast. With easy access to roughly 60 miles of the Gulf Coast,…

Read More →
Dog Ownership In Retirement

8 Expensive Places to Retire that Are Worth Every Penny

Elegant seniors enjoy drinks and appetizers in a lush garden, celebrating the vibrant social connections…

Read More →
neighborhood

6 Best Florida Neighborhoods to Retire This Year

Naples And no, we do not mean the one in Italy! It would be much…

Read More →
An older man at a kitchen table with a map and tablet, planning various retirement trial locations in a sunlit home.

7 Retirement Lifestyles People Are Testing Before Fully Retiring

Explore 7 retirement lifestyles you can test-drive before fully retiring, including phased downshifting, expat living,…

Read More →
A happy senior couple carrying shopping bags into a sunlit, modern home during springtime.

5 Target Items Smart Seniors Should Stock Up On for Spring

Save money this spring with these 5 essential Target buys for seniors. From 65% off…

Read More →
An elegant retired couple enjoying a sunset from a luxury cruise ship balcony.

Top 5 Cruises Retirees Are Booking for 2026

Compare your 2026 cruise options while relaxing in a sunlit library with a digital map…

Read More →
A senior woman sitting alone on a porch at sunset, looking thoughtfully at the horizon while holding a mug.

7 Retirement Locations That May Not Fit Single Seniors

Discover which popular retirement destinations pose hidden financial and lifestyle risks for single seniors relying…

Read More →
Retired in USA

Your golden years are your best years! Make them shine!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Privacy Policy

Categories

  • Enjoying Retirement
  • Personal Finance
  • Saving & Spending

© 2026 Retired in USA. All rights reserved.