Some people make jokes about plans, saying that the universe laughs at your plans. Sometimes, plans don’t fall into place even if you want to start saving for retirement early, but you can catch up to your goals with the following tips.

1. Add A Few Years

One thing you can do is work a little longer. Now, you can’t get away from starting your 401k.

Plan to stay at your job for about seven more years. It’s important to tell your supervisor about what you are planning to do. This way your employer can give you tasks that match your abilities as you continue to age. You don’t want to do back-breaking work when you’re older.

2. Consider IRAs

The government allows you to place money in specific accounts that come with all sorts of tax perks, which are sometimes called IRA accounts. You end up getting more for your money if you start investing in some of these accounts.

Now, you must diversify your portfolio when you start to invest, so consider real estate, gold, or even silver. Those who already have a 401k could also do a silver IRA rollover to take advantage of the opportunities these accounts give you, especially when you bulk up your retirement fast.

3. Take No Risks

If you started in the stock market when you were younger, you could afford to take risks, but that’s no longer the case at this stage. You must review your portfolio, and be sure you don’t have high-risk stocks. Yes, some stocks are hard to ignore because the potential returns look quite exciting, but you could fall flat on your face.

It’s vital that you do your best to stick to tried and true stocks; they may not show much return but are much safer. It may sound strange to say there are safer stocks since the whole market is a gamble, but low-risk stocks are out there. Talk to your financial adviser to help you sort some of these out so that you know where to invest.

4. Cover Your Bases

One thing you do not want to happen right now is a financial crisis. You need to do your best to cover your bases, and to do that, you’ll need some help from insurance companies. If you want to make sure you can continue adding to your retirement, having insurance helps you deal with a financial emergency without dipping into your savings.

Full car insurance is just the start. You may need to purchase health insurance, disability insurance, and term life insurance policies for all your dependents. Taking these sorts of steps help protect the retirement you are trying to create. Do your best to talk to a few insurance companies, and you should consider bundling to save money on your policies.

5. Fight Off Debt

Debt is your enemy now. Avoid using credit cards, purchasing things you don’t have the cash for, or taking out a car loan. If you finance your home, avoid taking out equity if you can do so.

Do your best to pay off any outstanding debt you have. Debt robs you of your money, which you could be used to beef up your retirement. It may be hard to let go of a lifestyle where debt was no big deal, but that’s one of many sacrifices you should make to prepare for your future.

Try to work on all of these as soon as you can, and be sure to talk to a financial adviser about your situation. Stick to the plan that you come up with even when things get a little tough.

Richard is an experienced tech journalist and blogger who is passionate about new and emerging technologies. He provides insightful and engaging content for Connection Cafe and is committed to staying up-to-date on the latest trends and developments.