Your Future Self Will Thank You: Crucial Retirement Advise for Young Federal Employees
As a young federal employee, you may be thinking about retirement, but it probably seems like a lifetime away. Remember playing as a child and not giving a care in the world about adult responsibilities? In that moment, adulthood also seemed like a lifetime away, but here you are! It seems like everything happened in a blink of an eye. That’s the feeling you will have once you hit retirement! The youth of your career will seem like only yesterday and you won’t be able to figure out where all the time has gone. And when this time comes, you’ll be doing one of two things: patting yourself on the back for preparing for retirement early on or kicking yourself for not taking it seriously as a young employee.
The time to plan for retirement is now! Putting your spendings on a diet to make contributions doesn’t sound like a very appealing thought. Just remember…your future self will thank you! And the reality is, you don’t have to give an arm and a leg. You don’t have to set aside half of each paycheck to secure your future. It only takes small payments that, in time, add up and are returned to you with interest come retirement. This goes for everyone, but as a federal employee there are great benefits to take advantage of starting now!
But where do you start? How do you move forward? Tom Walker’s article, “5 Financial Pillars for Young Federal Employees To Build Upon,” lays out the major obstacles, as well as resourceful tips, to be aware of when planning for retirement! Read up on these helpful recommendations and take charge of your future now!