My husband and I always have so much fun together, and often talk about our plans once the kids are gone.  You know, the “golden years”.  Retirement can be such a fun subject, once we accept the fact we are going to get older, and realize retirement is our time to have fun.  We will be done raising kids, working, and all those years of hard work, and saving for retirement will pay off.  Sure its several years away, but it’s never too early to start planning.  Like many other couples, we have big plans for retirement.  We want to travel more, spend more time doing the things we love, and we have been actively saving for our retirement.

An article by Emily Brandon Titled 12 Important Retirement Planning Deadlines discusses important dates that could hurt your retirement finances.  It’s geared toward people 50 and older, but made me realize I need to jump on the ball and get back to saving for retirement.  When I was working for the bank I had a 401K plan, I rolled it over, but that’s pretty much where it stopped.   It has not been that long since I left the bank, but every month that goes by is a month I am not investing in Shawn and I’s retirement plans, and I’m not comfortable with that.  Not having an employer who offers a retirement savings plan can make it more challenging to save for their retirement, but you can find the help you need at Genworth Financial.

Have you started saving for your retirement yet?  Ladies, what about you?  Do you have some type of retirement plan in place?  Typically women outlive their male partners, and often earn less as well.  It’s sad to think about, but definitely something that deserves your attention.  Many working moms may have a 401K, bonds, securities, or mutual funds to aid your adventure into retirement.  If you’re not working, or are self-employed it’s possible you don’t have those options for when you retire.

Saving for Retirement for Stay at Home Moms

Being a stay at home mom is hard work.  We devote ourselves to our families, and happily take our daily role as taxi driver, nanny, chef, maid, gardener, teacher, friend, and everything else that comes with the job.  Too bad an awesome 401k plan doesn’t come with the job.  It should, but sadly enough it doesn’t and it’s often a subject that gets talked about and tossed on the back-burner until later.

Early retirement is a nice thought, but it’s not possible without proper planning.   Remember even though you are not working a 9 to 5 job you can still save for retirement.  Use the budgeting skills you use all the time when you pay bills, go grocery shopping, and buy things for the kids, and figure out how much you can commit to putting back each month.  Genworth Financial has a great Retirement Income Worksheet that will help you find out how much you will pay for the life insurance you want.

Seek professional help.  It’s okay to admit that all this talk of retirement is a bit confusing.  If you are not knowledgeable in this area it might be wise to contact a professional.  Remember this is your retirement, and you want the best plan for your situation.

Most importantly you are never too young, or to old to start saving for retirement.  Obviously the earlier the better it will be for you in the long run, but it’s never too late to start saving either.  Regardless of your age if you’re not taking advantage of sometime of retirement I suggest doing so.  Genworth Financial offers great options when it comes to saving for retirement for people of all ages.  Rather than putting it off anymore take charge of your future, and start investing in your future.

When visiting Genworth’s website be sure to take a look at their Retirement Income Worksheet, and other useful tools.  Whether you are seeking help with your retirement savings, or need to know your Life Insurance options Genworth has years of experience helping people in your situation.