It is never too early to start thinking about and preparing for retirement. So many times young people think that they have a lifetime to think about retiring and then time gets away from them, leaving them with no retirement plan or options. Here are some items to consider about this very important time in your life.

Review your finances. Knowing where you stand today will help you design a plan for where you are going. If you are in debt up to your eyeballs, then apparently you are not prepared to retire. Right now, set a personal and family budget and include an amount for retirement. In order to maintain your current standard of living after you retire, you will require between 70% and 90% of your current income.

Review your current needs and goals. Knowing what you plan to do can give you some idea of what you will need in terms of money and health. So whether you plan to travel or stay home with the grandkids, start planning now.

Develop a healthy lifestyle. This is the perfect time to quit smoking and start exercising. Losing a few pounds can help many aging folks stay healthier and keep fitter.

Talk to your employer about your retirement plan now. Check to see what you can contribute and if your employer provides matching funds.

Discuss various retirement possibilities with your spouse. Understand each other