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You can alleviate much of the stress of planning your financial future by getting help from a financial advisor. He or she will map out your finances by developing a long-term financial plan. You will need to review your plan regularly and update it if necessary because of changes to your personal circumstances.
4. Keep an eye on your retirement plans
The companies holding your 401(k) or IRA should be providing you with regular statements. When these arrive, don't just stick them away in a drawer. You need to make sure your money is working hard for you and that you're getting the most out of your investments. If you're not getting a good return, consider changing your investment mix.
The more your investments earn, the faster your savings will grow thanks also to the power of compound interest. Most experts say that your retirement income should be 85% of your pre-retirement income so the better your investments do, the closer you will come to that 85% - and a great retirement.