Retirement may seem a long way off if you are in your 30s, but it is never too soon to start planning for retirement. Your San Diego insurance agent is on your side to help you prepare for the future and be protected in the present in case anything happens.
Making smart financial decisions in your 30s can help you the rest of your life and make retirement much easier. This includes getting homeowners insurance and business insurance in San Diego, if you own a home or a business, to make sure your assets are covered. You need to be sure the things you have worked so hard for will be taken care of in case something unforeseen happens.
If you have an employer who offers a 401k, be sure to claim their match. An employer match is money that your employer pays into your retirement account, on the condition that you also contribute in some money. You can also begin setting up a budget that places retirement first. Even if your employer does not offer a 401k, you can start putting a little bit of money away every month. Your retirement is possibly the biggest expense of your life and every little bit you can contribute towards it will help in the long run.
While you may have other obligations like student loans, a mortgage, and other debts, it is important to be able to adjust your spending to prepare for retirement. The earlier you start planning, the better off you will be. By beginning to save in your 30s, you should be able to put away around 10 percent of your income in order to continue living your lifestyle when you are retired. Another great option is to buy a life insurance policy, which not only protects your beneficiaries if you are married, but also can serve as a great accumulation vehicle for your retirement years.
There are a lot of temptations in your 30s when it comes to spending money, but skimping on insurance and not saving for retirement is only going to cost you down the road. After all, your 60s will arrive sooner than you think.
If you have would like more information about preparing for retirement or would like to get a quote, reach out to Jose Aroeste, an experienced agent knowledgeable about home, auto, specialty, life and commercial insurance in San Diego. Call his office today to schedule an appointment or get answers to any and all questions you may have. (858) 748-9383