Here’s a Step-by-Step Guide to Retirement Planning by Age

Applying these best practices of retirement planning to each phase of your life can help put you on track for the retirement of your dreams.

A young couple high-five while sitting at a table with a piggy bank and cash strewn before them.
(Image credit: Getty Images)

Most people have the idea that as soon as you leave school and start working, you should save for retirement. You keep saving until it’s time to retire, at which point you (hopefully) have enough money stashed away to start your permanent vacation.

That’s an overly simplistic view, however, that fails to take into account key steps you should take based on your age and how many years you are from your desired retirement date. The better approach is to consider retirement planning in phases of life, each with its own unique best practices.

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Jared Elson, Investment Adviser
CEO, Authentikos Advisory

Jared Elson is a Series 65 Licensed Investment Adviser Representative (IAR) and the CEO of Authentikos Advisory. Following a 10-year career with Yahoo, Jared identified an acute need for sound financial counsel in the tech industry and has excelled in giving tech professionals the tools they need to grow and preserve their wealth.