25 Brilliant Retirement Ideas To Make Retirement Planning Easier

If you’re struggling to either save for retirement or spend less during those years, you aren’t alone. A study found one-third of Americans have $0 in retirement savings and 23 percent have less than $10,000 saved. What to do in retirement is becoming an increasingly alarming issue in the U.S.

Aside from standard employer-sponsored programs — like 401k and pension plans or self-funded plans, like IRAs — there aren’t a ton of new retirement savings plans coming out of the financial industry. Therefore, it’s up to you to find creative and resourceful ways to prepare for retirement. To get you started, here are 25 brilliant ideas that will help you save more for your golden years.

Woman working in florist shop.

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Keep Working

If your health is in tact, consider working during your retirement — it’s a great way to supplement your income. In addition, it helps you stay engaged and might prevent you from spending money.

“Years ago, the typical retirement length used to be 1.7 years. You didn’t need a lot of retirement savings, and pension plans worked. People don’t have pensions today. Being 65 years old today is radically different than it was 20 years ago,” said Joe Duran, founder and CEO of United Capital and author of the national best-seller “The Money Code.”

“People aren’t just working longer to make money; it’s to stay connected with the world and avoid spending money,” said Duran. “Those both have massive implications in actually living a fulfilling retirement rather than doing absolutely nothing.”

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