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.
