9 Retirement Tips You Must Know for 2024

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For most people, retirement is a one-way trip. Once you start, there is no going back, wishing you had planned differently or thinking you should have saved more for it. Many retirees regret not doing what they should have done when they were younger but cannot do much about it once taking that step.

Much can be learned about the right way to retire from retirees and professional financial advisors who will make you glad you followed their advice. Here are some retirement tips you need to know to ensure a more comfortable retirement.

1. Start Saving Early for Retirement

The power of compound interest can be seen when you start putting money into retirement accounts early. It can mean hundreds of thousands of dollars more if you start early, which will give you a much better retirement. Although there may be some years when the market does not perform well, you will see considerable growth over time.