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Posted in Retirement
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Kgrease

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I have seven years until I retire what can I do to save the money I need

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Depends, 
* what do money do you need to save before you retire?

* What do you plan on living on when you retire?   SocSec?  Pension? 401K, IRA?

* what Monies do you have saved now?

* what  debt do you have now that should be paid off before you retire?

* What is your monthly budget?

* Are living below your means?

the list goes on ....

If you have no Plan the you need one. 

If you have debt  Google Dave Ramsey and follow the 7 baby steps. 

My plan is to retire at 62,  just about 7 years from now also. 

Own House,  2 cars will be paid in full in 2 months, then we owe nobody.  

We fully fund our IRA's each year,   I fully Fund my 401k now and get a nice match,  

The goal is to have close to a million dollars in 7 years in IRA and 401K's and with the plan we have now,  we just might make it. IT will be close.  

will see a very small pension when I'm 65 but can take at 62 for a small discount. 

SocSec for my wife and I will be more then enough to live on and trave a bit,  So we won't have to tap the IRA's or 401k Moneny. 

You need a PLAN,  My Plan Started just over 10 years ago.   

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