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3 Things to Consider About Retirement in Your 20s

This post is featured on behalf of Stacey White.

Retirement. Who need to think that far ahead now right? It’s almost so far away as to not even seem relevant.

However, it is the brutal truth of life that what we do now in our twenties actually has a massive effect on the quality of our retirement. That means we have to act now if we want the best later on. So, read on to find out what you can do.


Money is pretty important at any age, but especially so when we get to retirement, because we will no longer be working and bringing a salary home. That means we need a different source of income to allow us to live the life we want.

For many folks, this is their 401K, which they pay into throughout their working lives. So if you haven’t set yours up yet, there is no better time to get this organized.


For others, investments can be a sound option to provide for them in later life. This may be in property, stocks and bonds, or other forms.

Although, it is worth noting that because investments need time to mature, the sooner you can start this, the more likely you will have a larger sum at the end to support yourself with during retirement. Start to deal with your retirement finances now to ensure you can live the life you want when you get to retirement age.


Obviously, you can have all the money in the world, but if your health isn’t good, you will struggle to enjoy life. Health is wealth as they say! That is why your twenties is a perfect time to start to lay down some healthy foundation for the rest of your life.

This can include working on your diet and exercise program to keep you fit and active, as well as giving up some of those less healthy habits you may have picked up in your early twenties like smoking and drinking to excess. Something that can save you up to $2940 a year too!

It’s also a good idea to get screened for some genetic diseases as this can help you inform your health choices now and throughout your life, allowing you to reach retirement age in the best condition possible.

It can even be a useful time to consider what you would like to happen if your health deteriorates when you are older. So take a little time to investigate dementia care services and other amenities associated with aging, and define whether you would like to stay in your own home or go to a particular facility. Then, the worst case scenario is dealt with and you can get on with living your life and not worry about it.

Bucket List 

Lastly, a great time to devise a bucket list of things you want to do in your retirement in when you are in your twenties.

Knowing ahead of time what you want your retirement years to look like will give a better idea of the type of funds and level of health you will need when you reach retirement age. Providing some motivation for doing the things you need to get done now to achieve the best life possible when you retire.

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