BENGALURU: In their 20s, everyone lives carefree life and spend the money they earned, but in 30s, everyone make plans for future. It is good to have a contingency plan; maybe a possible debt or loan, illness, job woes, loss etc. This planning is will help to secure life post retirement too.  Money management is a skill and an art; and here are some goals to help everyone in their 30s and planning their finances for future. 

Saving for comfortable Post-Retirement Period

While in 30s, thinking for retirement may sound a long way off, but the time is approaching fast and retirement age is much closer than your college years. This is the right time to ramp it up and begin saving; you have had your share of fun and now get ready for tomorrow. Try to maximize contributions into the retirement accounts. No one want sitting at a job at 65 unable to retire because they are not able to plan in their 30-something.

Rebalancing the Investments

If a person started investing money into retirement plans while in 20s, its great but it should be checked from time to time. There are chances that the investments may be out of line from the planned one like heavy investment in company stocks or less exposure to the international investments. May be investment in large capitals is more than in small capitals, this has to be maintained. Visit an expert investment advisor to find the right mix that suits your preferences and make a habit of rebalancing investment once in a year.

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