Working Ideas

Here are your current values along with ideas of how to improve your retirement before you retire.

(Opportunity Descritpion, Current Level, and Opportunity Rating)
  • Get a Better Job
  • Increase Savings Rate
  • Work Longer
    15 Years
  • Increase Stock Allocations

Years Until Retirement: x years

Retirement Ideas

Here are your current values along with ideas of how to improve your retirement after you retire.

(Opportunity Descritpion, Current Level, and Opportunity Rating)
  • Lower Expenses
  • Increase Stock Allocations
  • Add Other Income
    15 Years
  • Delay Social Security

Likelihood of Success: x%

Saving Tips

Tips to help you save for retirement
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Give Up Coffee at Coffee Shops


The average American spends approximately $1,332 per year, or $3.65 each day, on coffee. If coffee is too hard to give up, try soft drinks ($850 per year).

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Give Up Smoking


Smokers can save between $1,380 and $2,540 annually (depending on where they live) by quitting a pack-a-day habit. Heavier smokers can save even more by quitting.

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Drive Parttime for Uber for 10 Years


Uber’s pay structure factors in several variables: base fares, tips and other incentives. Calculating a realistic average is difficult. However, according to, most Uber drivers earn about $15 to $22 per hour.

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Rent Out a Room or Garage


In 2018, a VRBO survey revealed that more than half of homeowners on VRBO can cover 75% or more of their yearly mortgage payments using VRBO rental income. In 2017, HomeAway, which rebranded to VRBO, found that the average homeowner who rents out their second home earns more than $33,000 in yearly revenue.

Investing Tips

Tips to investing for your retirement
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Start as Soon as Possible

$100 Monthly

You may not earn a lot of money as you begin your career, but there’s one thing you have more of than richer, older folks: time. With time on your side, saving for retirement becomes a much more pleasant—and exciting—prospect.

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Leverage Company 401k Match

$2,400 Annually

If you work for a company that has a 401(k) plan, congratulations. As of 2020, nearly 60 million Americans took part in roughly 600,000 company retirement plans. According to Investment Company Institute, there were about $7.3 trillion in assets invested in 401(k) plans as of the end of June 2021.

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Older than 50? Increase Contributions

$6,500 Annually

Workers who are younger than age 50 can contribute a maximum of $20,500 to a 401(k) in 2022. That’s up $1,000 from the limit of $19,500 in 2021. If you're age 50 and older, you can add an extra $6,500 per year in "catch-up" contributions, bringing your total 401(k) contributions for 2022 to $27,000. Contributions to a 401(k) are generally due by the end of the calendar year.

Retirement Tips

Tips to living in your retirement
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When to Take Social Security

$500 Monthly

Let’s say your FRA is 66. If you start claiming benefits at age 66 and your full monthly benefit is $2,000, then you’ll get $2,000 per month. If you start claiming benefits at age 62, which is 48 months early, then your benefit will be reduced to 75% of your full monthly benefit—also called your “primary insurance amount.” In other words, you’ll get 25% less per month, and your check will be $1,500.

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Increase Cash Allocations


Most failed retirement plans happen because of a catastrophic event within the first five years of retirement. When you are close to retirement, raise additional cash or increase your allocations to safety. Then slowly, move them back into the riskier investments over those first five years.

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Penalty Free 401k Withdrawals

$7,500 Annually

Many investors are aware of the rules surrounding penalty-free withdrawals from IRA accounts for certain expenses such as college tuition, a first time home purchase or, in certain circumstances, medical expenses and health insurance.