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Tag: decadebydecade

Here’s a decade-by-decade guide to retirement planning

An illustration of a person in his 20′s holding a phone that displays her spending breakdown, including savings, college, shopping, and friends.Josephine Flood | CNBCHow to read this guideFollow along from start to finish, or jump to the section(s) you want to learn more about.IntroductionSaving for retirement is the gnarliest of delayed gratification challenges. Tucking money away today in retirement accounts with the intention you won't touch it for decades is not a habit that most brains are hard-wired to embrace.But save we must.For most people, Social Security benefits won't cover all the bills in retirement. To land in retirement in solid financial shape, you also want to build your own savings in 401(k) plans and individual retirement accounts.It's never too early to get started. (H...