It's never too early to start your retirement plans. After I graduated college my parents kept nudging me to start my retirement savings and I finally took their advice. Now I'm finding out that an IRA and Social Security alone might not be enough.Top Searched Retirement Planning Techniques on AOL Search:
1. Stocks
2. 401(k)
3. Mutual Funds
4. Savings
5. IRA
6. Bonds
7. Certificate of Deposit
8. Money Market
9. 403(b)
10. Preferred Stocks
For those of us who aspire to retire wealthy, and even better, wealthy and early, there are many financial planning options that'll help us meet our goals. The three options AOL users are searching for most are, as you can see from the list below, stocks, 401(k) and mutual funds.
A recent article in Money Magazine shows a comparison of retirement planning at different ages. They calculate how much money you'll have at age 65 if you contribute 10 percent to your 401(k) beginning at 30, 35 or 45, with a starting salary of $40,000 and a 4 percent annual raise. They estimate that the 30-year-old will have $1 million while the 45-year-old will have $461,000 (a great reason to start your retirement savings as soon as you can).
Do you have any advice on saving for an early retirement? For more information on retirement planning, go to AOL Money and Finance. Also search for retirement savings on AOL Search.
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