If you’ve been thinking about your retirement fund, you’re actually on the right track. As the Federal Reserve stated, 26% of non-retired adults think they’ll never retire, and 14% don’t have any retirement savings or pension at all. If you’re stressed about what the future holds, you’re not alone.

The truth is that many people grapple with anxiety around retirement planning. But it doesn’t have to be that way! With the right strategies and mindset, you can turn those worries into actionable steps toward financial peace of mind. It’s time to shift your perspective.

Rather than viewing retirement as a looming deadline, think of it as a journey that begins today. Whether you’re decades away from hanging up your work boots or just around the corner from that golden year, there are concrete actions you can take now to secure your future happiness and stability. Let’s keep these in mind.

Start ASAP

Waiting to start your retirement planning is like putting off a dentist appointment. It’s easy to ignore, but it doesn’t make the problem go away. The earlier you begin, the more time you have for your money to grow. Compound interest goes into overdrive when given years instead of months.

Every dollar counts and can blossom into an impressive nest egg if nurtured early on. No matter where you are in life—fresh out of college or nearing your 50s—it’s crucial to get started now. Set clear goals based on your dream retirement lifestyle. You don’t need a massive salary to start saving; even small contributions add up over time.

Don’t Sleep on That 401(k)

Your 401(k) is way more than just a humble retirement account; it’s your future in the making. Many people overlook this powerful tool, but that would be a mistake. The earlier you contribute, the better off you’ll be when it’s time to kick back and relax.

Compound interest works wonders, turning small contributions into significant nest eggs. Don’t forget about employer matches—free money! If your company offers one, make sure you’re taking full advantage. It’s like leaving cash on the table if you don’t. And remember: It’s not just about saving; it’s also about investing wisely within that 401(k).

Emergency Fund First, Then Ball Out

Emergency funds are your safety net. They protect you from unexpected curveballs, like car repairs or medical bills. Without one, a financial hiccup can throw your whole retirement plan off track. Aim for three to six months’ worth of living expenses in this fund. It might sound daunting at first, but every little bit counts.

Start small and build steadily. Once that cushion is in place, you can focus on enjoying life more freely. Maybe take that trip you’ve been dreaming about or treat yourself to dinner with friends without the guilt of spending too much.

Don’t Stuck With Traditional Accounts

Retirement planning isn’t one-size-fits-all. Traditional accounts like IRAs can be outstanding, but they’re not your only option. Be familiar with alternatives that might fit your lifestyle better. Roth IRAs or solo 401(k)s could offer tax advantages tailored to you. The key is flexibility and growth potential.

Don’t forget about Health Savings Accounts (HSAs). They provide a triple tax benefit and are especially useful if you anticipate medical expenses in retirement. Real estate investment trusts (REITs) can also diversify your portfolio beyond traditional stocks and bonds. Think outside the box; different assets can yield greater returns.