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Saving money is just the beginning. You have to choose ventures that will provide you with greater money over the long period.
Try to look for the �lifestyle mutual fund,� which puts a portion of your money in diversified stocks and the other portion in bonds, and maintains a solid balance between the two.
Another good choice is the target retirement fund. Its portfolio becomes more conservative as you approach retirement age.
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Try to move your money automatically each month from your checking account into an account earmarked for unexpected expenses. Aim for a sum that will cover three month�s worth of basics (mortgage, food, utilities, car payments, etc.)
Once you have built this nest egg, you would not have to withdraw from long-term savings if a crisis hits.
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There is no secret to building wealth after retirement. You only need to live less than you make and invest the surplus well. When you save money and invest automatically, your retirement would definitely be the best phase in your life where you enjoy relaxation with no financial obligations to worry about.
You just spent 30 years making reports, fielding phone calls, filing papers, and pacifying your boss at the office. At the end of each day, you find your energy gradually waning as you reach that point wherein you wanted to declare the last part of your work � retirement.