Essential retirement tips at every age

Essential retirement tips at every age

It’s time to talk about one of my favorite topics here at RetireBook. It’s time to pull up our sleeves and talk about retirement. Here are our favorite retirement tips at every age. Weather you are a teenager or in your 60’s.


Retirement Tips as a Teenager

  1. Be a geek and get good grades. When I say “be a geek”, I mean take the hard classes that get you ready for college. Take lots of math classes to sharpen your problem solving skills, and take computer classes! Motivated kids usually do really well as adults. They get better jobs and they usually get better pay checks.
  2. Participate in sports like track and cross country. Some of my fondest memories as a teenager was hanging out with the other kids on the cross country team. And after school we would play basketball at the park. Hopefully, your love of exercise will continue as an adult. Throughout your life, and even when you retire, you want to be healthy as you can possibly be.

Retirement Tips when you are in 20’s

  1. Don’t get a 4 year degree – Go to a community college. I have friends that are still paying off their student loans in their 50’s. It’s sad that a loan for 4 year degree can cripple your financial well being. But that’s how it is these days. But there are tons of wonderful jobs you can get with a 2 year community college degree. A community college education can get you a fantastic job working in the computer field.
  2. Get a job in the computer field. There are tons of computer related jobs out there, and there will be tons more in the future. Think about becoming a Network Administrator or a Programmer. Both of these positions do not require a college degree. I currently work at a hospital with 8 people in the computer department. Half of us don’t have a degree, and we all are at the top of our field.
  3. Start saving into your 401k as soon as you can. I remember the very first day I started putting money into my 401K. I was 21 years old, and one of my older co-workers gave me some great advice. He said, he said “save as much as you possibly can for your retirement…because I didn’t…and I really wish I did”. He told me he was scared to death about not having enough saved up to retire. The desperate look in his eyes frightened me. So I started my retirement savings by contributing 10 percent into my 401K. And every time I got a raise, I put in a little more.

Retirement Tips when you are in your 30’s

  1. Time to buy a house. One of the best investments I made was buying my first home. If you are settled into a good job, and you don’t plan on moving anytime soon – then buying a home is a great investment. If you buy your home when you are in your 30’s, chances are your house will be paid off when you retire.
  2. Get a dog and keep exercising. OK – maybe you don’t have time to go to a gym. But getting a dog means you go out for walks, or hikes. Plus having a dog is awesome. It’s a great way to make friends with people at the park. Plus all of those walks will help keep the pounds off.
  3. Max out your 401K contributions. You still have another 30 years till you retire. So max that puppy out, and you won’t regret it.

Retirement Tips when you are in your 40’s

  1. Invest in a Roth IRA. Hopefully by the time you have reached your 40’s you have been maxing out your 401k for 20 years. The extra retirement income without taxes is a big bonus.
  2. Do you have a dog? Get one! You really need to exercise. Your 40’s are the years when your body starts to spread out. You need to combat this with daily exercise. And getting a dog will get you out of the house.

Retirement Tips when you are in your 50’s

  1. Time to pay off all of your debt. Do you have any credit card debt? – Pay it off. Do you have a house payment? – Time to pay that off if you can. Make it your goal to be debt free by the time you are in your 60’s.
  2. Travel to other countries. Who says you have to retire in the United States? I traveled to Thailand and met my wife while I was there. And where am I retiring? Thailand – of course! I love the culture, and I love the people. Plus my good hard earned money goes a long ways over there.
  3. Get a dog and keep exercising. I’ve had a dog my whole life. I think my life would be empty if I didn’t have a dog. Every day, my wife and I take our dog Bear out for a short walk in our neighborhood. And on the weekends, we pack up our picnic food with the dog and go on a nice long hike.

Retirement Tips when you are in your 60’s

  1. If you find you can’t afford to retire – think about retiring in another country. My wife and I are going to retire in Thailand. I have some very close friends who are retiring in Ecuador. It costs to much to live in the US. There are large expat communities in Thailand, Mexico, Ecuador, and Europe. Do your research…you’d be surprised how easy it is.
  2. Get a dog and keep exercising. My grandfather was a sad and lonely man until he met his dog Sammy. When he brought Sammy home, it was a match made in heaven. My grandfather doted on Sammy like his own child. He and Sammy would travel everywhere in the car and in their RV. And Sammy was with him until the day he died. Whenever I think about my Grandpa, I think of his little Sammy in his lap and how happy they both were.



Gary is one of the founders of RetireBook, and is the site engineer and also one of its writers. He has been working in IT for over 25 years, is a world traveler, and enjoys everything about living in the Pacific Northwest. He is full of energy, loves the outdoors, climbed several mountains, volunteers in his community, and has been saving his whole life for an early retirement that will be coming up in just a few short years.