How Should A 30 Year Old Save For Retirement? 
Saving for retirement as a 30 year old you have an advantage over a 50 year old you have time . First thing to do is start saving regularly now . You should take advantage of tax deferral plans to get the full effect of compound growth . In Canada that mean Registered Retirement Savings Plans -LRB- RRSPs -RRB- and Tax-Free Saving Accounts -LRB- TFSAs -RRB- . If you have an employer that will contribute match your contributions take advantage - that is free money . Financial or retirement planner can help you determine what your specific portfolio should look like , depending on your risk tolerance and time horizon . Financial planning , Retirement planning and Estate planning are all integrated . What you do with one often affects the other . The first step in planning for a Good Retirement is to start saving regularly as early as you can . The challenge often is that retirement seems so far away that it is easy to put off . Now that you have started saving , what are you saving for ? Deciding what a successful retirement means to you can be quite challenging . What do you want to do for the rest of your life ? A lifestyle planner can help . There is some information on this topic under retirement on my website www.jpw.ca if you are interested . Now that you have a basic idea of what your successful retirement means , the numbers can be `` crunched '' . Your retirement or financial planner can fine tune your retirement planning to make what you want to happen , happen . What particular investment vehicles you should use , depends on your individual situation . Be sure to take advantage of retirement plans that are tax deferred -LRB- in Canada , RRSPs and TFSAs -RRB- . Tax deferral allows you to get the full effect of compound growth . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . 