Request a copy of your credit report. If any invoice is marked as do not pay, you must pay for it. No you can retire comfortably and safely if you are suffering from debt. The average consumer debt can be very high. If yours is high, you may have to spend five or ten years to pay for it.
Why you should start now. As you said previously, most people begin to contribute to their 401 (k) plans or open an account of Individual Retirement (IRA) to their twenty or thirty years. If this is a step that you don't even have to give, you have to do it. Soon, best. On average, experts recommend to contribute at least 5% of their income, which is put into a 401 (k) plan or an account of Individual Retirement (IRA).
That said, if you are starting now, at least 10% of your income should be provided. Now it is time to see how the retirement. For example, most financial advisors provide you will need at least 70% of your income to retire comfortably. Do you have this money? Can reasonably be to him? If not, now is the time to take new measures. You don't want to rely on social security payments, since they are only able to provide the majority of retirees an average of 40% of revenues. To do that you can relax and enjoy life during the retirement, as opposed to work through it, is a prudent idea begin reducing the quality now. There is some unnecessary purchases that can be removed to help you save money? Can you reduce your TV, Internet or cable packages? There are ways to reduce your car insurance payments? If so, you have to do it. Any money you save can be put in a current account or deposit it in your IRA account. The steps above are just some of the many that you, a person at the age of forty years, can take to prepare for retirement. Remember, every year that passes is one fewer years so that you can save money for your retirement. Don't miss out or not able to enjoy your favorite activities later in life by not start planning for retirement when it is due.