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A recent news item about a new dating website that matches people based on their credit scores leads us to believe that members of Gen X and Gen Y may be more concerned about financial security then they are generally given credit for.

For those in their 20s and 30s, retirement is certainly not on the horizon but retirement planning should be. Here are some retirement planning guidelines for the younger generation:

Spend less. Younger people need to get better at separating their needs from their wants. If you are spending everything you are earning now, you will be working for the rest of your life. Establishing the habit of putting a little away from each paycheck will grow into big dividends down the road, long after the latest electronic gadget you thought you needed is obsolete.

Stay healthy. By establishing healthy habits now, you will significantly reduce the chances that you will develop an expensive and debilitating illness later in life. Eat less, move more; it’s that simple.

Get a career, not a job. The ability to save for retirement depends upon having a good job, which means you need to invest in having a career with a future rather than a series of jobs.

Save more. If your employer offers a 401(k), be sure you are participating and qualifying for the maximum employer match. If you are already in a 401(k), add another 1- 2% of your paycheck.

The Flanigan Law Group provides Southern California residents with personal attention for estate planning, administration and litigation legal services. When disputes between families, arise, they are very successful in resolving legal estate issues quickly and efficiently while preserving financial and emotional resources. Contact the Flanigan Law Group at 949-450-0042.