Your 20s is the optimal time to start building a solid foundation for your future because you have the luxury of time to growth your wealth. 

• Steer clear of debt. If you have debt, knock it out of your life as quickly as you can. 
• Live below your means. 
• Raise your standard of living slowing. 
• Build up 3 - 6 emergency fund. 
• Budget like your future depends on it, because it does.
• Start early. 
• Your goal is to invest 15% of your income for retirement, and the more the better. 

In your 30s, your life might be more in full swing with larger expenses. The truth is that life doesn't get less expensive and saving doesn't get easier, but you can do this. 

• Watch your housing budget. Spend no more than 25% of your take home pay on a 15-year fixed rate mortgage. 
• Secure your emergency funds. 
• Max out your retirement saving options with your 401K match and an IRA. Your goal is to save 15% of your income for retirement. 
  

A recent study reported that workers in their 40s have saved an average of $107,000 across all their retirement accounts. 

Here's how to get on track for a successful retirement:

• Know your portfolio. Meet with an advisor and make sure you're saving at 15% of your income. 
  
• Don't borrow money from your retirement account. 
• If you have a mortgage, start paying it down. If you start paying more each month, you can pay off your home years earlier. 

A recent study found that 53% of working Baby Boomers do not have a plan to save for retirement. If you're in your 50s, it's time to catch up for a successful retirement:

• Annual catch-up contributions: If you are 50 years or older, you can invest an additional $7,000 in your Roth IRA each year. You can also invest up to $27,000 each year in your 401K.   
• Downsize your lifestyle if you're empty nesting to put more assets in retirement. 
• Be sure to keep basic medical coverage at all times.