3 Ways To Save For Retirement Without Feeling Like An Old Hag

money head graphic money on the brain money on my mind

With my mind on my money and my money in a retirement fund. | Source: ShutterStock

Dude, I know. You’re young. Retirement funds are the furthest thing from your mind. But retirement should always be on the brain as long as you’re currently working. Why? Well, the glorified Ponzi scheme that is Social Security is drying up pretty quickly, the cost of living is rising and people are living longer than ever. That gets expensive.

I know saving can be a pain in the ass and pretty lame. (Really! If it were up to me, I’d just die young with a lot of cupcake dresses, but my immune system is too strong and my bones are too durable.) Here are a few ways to trick yourself into saving wuthout feeling like you’re sacrificing!

If your company has a 401K, for the love of Chris Hemsworth, get in on that.
If you make monthly contributions to a 401K, your company may match it. That’s like getting a raise without even doing anything! What’s more, you won’t miss it–it’s taken out of the top of your paycheck, so you won’t even notice it’s missing. (Unless, of course, you contribute more than you can reasonably afford to live, in which case, get your behind to a calculator stat.)

Set up an automatic checking account draft.
If you have a couple hundred bucks–or even just $50–moved into a savings account or investments every month, week, whatever. Since it’s going there automatically, again, you probably won’t miss it. And should you-know-what hit the fan, you’ll have some cash to cushion your fall.

Try a MyRA.
If, like most young people, you’re banking under $129,000 a year, this is a safe bet if an actual IRA scares you. You can contribute up to $5,500 a year, and unless you withdraw money before retirement, you won’t have to worry about getting taxed on this.

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    • Life course info

      Social Security is as farm from a Ponzi scheme as any insurance can be, backed as it is by the monthly premiums of workers lucky enough to get it and by the full faith of the government of the United States. So this entire premise is not just incorrect but biased. Beware of all anti-Soc. Sec. statements. The trust fund is secure for decades, and will be secure as long as we prevent Congress and the President from weakening it.

    • JacquelynnMorgan

      In actual ways we must have save it income during the Retirement from government and private office even we can earn the income by using it insurance plan.