If you are like most people, you feel as though you are behind in your attempts at retirement savings. The thing is you just do not know where to start to be able to catch up. Here are some tips you may or may not already know:• Save more now. This means you need to put aside every penny you can when you can. The more you have now the more you will have later.• Cut expenses. Look at how much you spend on coffee and lunch every day and see where you can cut back. Buy a coffee maker, or pack your lunch to save for your future.• Diversify your investments. This is a little more complex but can be a big help. It is the simple theory of not having all of your eggs in one basket. This way if one deal goes sour, you will still have the other items to lean on.
Joseph Leonard is a registered Investment Advisor in North Carolina, author of The Retirement Vault and founder and CEO of the Financial Management Company in North Carolina, Coastal Financial Associates.
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