5 Steps to Secure Retirement in 20 Years

retirement Savings Details from the Text:

Here’s a breakdown of the retirement savings information provided in the text:

1. 2025 Contribution Limits:

| Type of Account | 2025 Contribution limit | 2025 Catch-Up Contribution |
|——————————|————————-|—————————–|
| 401(k), 403(b), 457(b), TSP | $23,500 | $7,500 |
| Conventional and Roth IRA | $7,000 | $1,000 |
| Self-Directed IRA | $7,000 | $1,000 |

2. Investment Strategies:

Aggressive: High risk, high potential growth (Stocks, stock funds, ETFs, cryptocurrency).Best for those further from retirement.
Moderate: Balanced growth with less risk (Smaller percentage of stocks, bonds, and cash).
Conservative: Low risk, steady preservation of capital (Primarily bonds, some stocks and cash). Best for those close to retirement.

Charles Schwab
Vanguard
Fidelity
(These brokers offer managed funds for those planning to retire within 20 years.)