When it’s time to retire, you’re faced with the idea that you won’t be able to make significant amounts of money for the rest of your life. You may work a part-time job, but you may not make that much money from it.

You need to determine the best ways to save money for your retirement, but also the best way to make money while you’re retired. There are a few ways you can do this. Whether you’ve made a lot of money in your career or could use some more funds to live comfortably, below are five ways to save and make money in retirement.

No matter how much we try and fight it, the aging process happens to us all. Before you know it, your golden years are looming. Like with any new chapter in life, preparing for the road ahead will ensure you’re financially and emotionally ready for what’s to come.

If you’re about to enter your 60s, getting everything in order will allow you to enjoy a happy and fulfilling retirement.

When you are planning or investing in your retirement savings, taxes are going to be high on your mind. This is also the case if you are a company looking to provide a retirement savings account for your employees.

There are a number of ways to invest what you want so that you get it when you want, without paying tax penalties now, or later. Learn more by looking at these retirement savings account options, and what their tax implications are.

When a new baby enters the family, it’s an exciting and memorable time. For the weeks and months after, you can be wrapped up in a whirlwind of diaper changing, feeding, and taking photos.

However, as those months turn to years, your focus may start to shift towards your financial stability, and whether or not you’re going to have enough money for your child’s post-secondary education and your retirement.

Inflation occurs when the costs of goods and services experience a sustained increase. Keep in mind that most things go up in price over time, whether there’s an increase in demand or a currency’s value. Simply put, an item you paid for 10 years ago is going to cost you more today due to inflation.

As the US government issues more bonds and prints more money, inflation happens. As a result, businesses begin to raise the cost of their products or services. However, this can also occur if too much money chases only a small number of goods and services; this is called supply and demand. As demand goes up and supply doesn’t, prices will rise.