Most newlyweds don't give much thought to retirement since it is so far away. There's bills and loans to pay, the thought of a baby and his education and of course the cost of a honeymoon. Yet retirement should be on the minds of newlyweds because a couple can't grow old together in a comfortable manner unless they are financially sound.

1. 3 Retirement Savings Tips for
Newlyweds

2. Introduction
Most newlyweds don't give much thought to retirement since it
is so far away. There's bills and loans to pay, the thought of a
baby and his education and of course the cost of a
honeymoon. Yet retirement should be on the minds of
newlyweds because a couple can't grow old together in a
comfortable manner unless they are financially sound.

3. 1. Develop A Plan
The first step towards savings for a retirement is making a
plan. Write down how much money you and your spouse will
need to retire and do the things that you want to do. Most
retirees want to do some traveling but others are content to
rest by the pool. Whatever your goals are, define them clearly
so that you can develop a plan of attack.

4. 2. Employer Sponsored Retirement Plans
If your employer has a sponsored retirement savings plan that
matches any contributions that you make to your savings, take
advantage of it. This money will be taken right out of your
paycheck and put into your savings so that you are not tempted
to spend it. Start contributing to this type of program right away
so that you can maximize your savings with the help of your
employer. If your employer doesn't offer a 401k plan, you'll need
to develop your own retirement savings system. It is most prudent
to invest in mutual funds or a traditional/Roth IRA.

5. 3. Stock Market Trading Versus Investing
Newlyweds are advised to invest in a diverse group of mutual funds that spread
risk out across a number of industries. This is a much safer way to invest
retirement savings compared to playing the stock market on a daily or weekly
basis. Even small contributions to mutual funds can make a large difference
over time. Investing in mutual funds or even bonds is a much better choice than
leaving the money in the bank where it will accumulate minimal interest that
doesn't even keep pace with inflation. Don't forget that the federal government
has printed plenty of money over the past decade to stimulate the economy.
This means that the value of the American dollar is decreasing and constantly
losing value. If you don't invest your savings, it will decrease in value while
sitting idly in the bank.