It’s never too early to start thinking about your plans for the future. Unless you foresee yourself working for the rest of your life, it’s not such a bad idea to map out your plans for retiring at an earlier age. Like we say here at Bodine Perry, plan now so that you don’t have to worry later. We’ll go over a few key aspects of how you can start planning for retirement in your 30’s.


At this point in your life, you should be well on your way to being financially stable. Do you own a house, have a successful career, acquired a savings account or two? Then you should be on the right track. When it comes to early retirement planning, you should think about saving at least 20% of your paycheck.  If you were never a big saver before your 30’s, don’t worry, it’s never too late to start saving. Here are the benefits of saving up:retirement jar

  • Less stress.
  • Financial independence.
  • You can buy a house or car, or both!
  • Get yourself out of debt.
  • Emergencies are covered.


Even if you’re not where you want to be yet financially, do the best you can to save what you can and you’ll see a big difference over time.

Keep your credit score high and your bill low

Having an above average credit score is a great feeling, so is paying off your credit card in full and on time. Always keep track of when your bills are due and how much you are spending. A helpful tip that every financially independent household should be aware of is to never live above your means. Save more than you spend and you’ll be on the fast road to retirement. Here are some tips to help save you a little more…

  • Live where it’s cheaper.
  • Save money on gas by walking, taking the bus or riding a bike if you can do so.
  • Add other means of income if necessary (second job, raise, home business etc.)
  • Keep what you need and sell what you don’t.

Getting a second job might not be an ideal situation but if you’re struggling to pay your bills or just want some extra cash in the bank, it’s not a bad idea. Depending on where you live, traveling any other way than by car might not be possible. If you live in an area where you pay a pretty penny just for rent, remember that there are other homes or apartments around that won’t cost you an arm and a leg.

Start investing

Are you a serial saver? Don’t let that over-abundance of cash fill up your bank account. Use that extra money and start investing. Not enough 30-somethings are investing in stocks since the financial crisis in 2007-2008. Start a stock portfolio or look into accounts that offer certain benefits such as;

An IRA is a savings account that is constructed to help you save for retirement and can offer plenty of tax advantages. A 401(k) is similar being that it’s a retirement savings account sponsored by your employer. It gives you, the employee, the chance to set aside some money from your paycheck before taxes. Investing in certain stock markets such as banks, oil, coffee, tech and apps., or launching your own small business is a great way to increase your finances in the long run as well.

If you are unsure of where to start when it comes to planning for your retirement, schedule an appointment with a financial advisor. They can lead you in the right direction and help you figure out what steps to take. Here at Bodine Perry, our experienced professionals can assist you when it comes time to mapping out your future. From tax and business services to estate planning and elder care, we want you and your loved ones to retire comfortably. Call (855) 851-8318 or visit and get started planning your retirement with us today.



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