In order to enjoy your retirement life, you have to plan wisely. Savings are nothingbut putting a small amount of money consistently for years so that you will get abig sum of money that yields steady income. From an early age, people start tosave for their retirement. There are many reasons one save for retirement. Somedon't want to be a burden for their children. Some do not want to rely on socialsecurity. Having access to a tax-deferred retirement account will reduce the taxamount. Investing in that kind of account gives us more benefits.There are various schemes available, especially for retirement savings.Regardless of age, saving for retirement is a good financial decision. When youset your retirement goal, the planning for the financial contribution starts. Yourgoal decides how long and how much you want to spend on your retirement.There are some people who contribute as double as they could in order to reducethe duration of the savings. Some people would have started retirement savingslate in their careers. But they can increase the amount fast if they save twice asthey could.Retirement income fundsAnother form of the retirement investment option(similar to mutual funds) is to putyour money in stocks and bonds. The main aim of the scheme is to generate amonthly income for the retired person. The advantage of this scheme is you canaccess the principal amount at any time without any restrictions. If you do so, yourmonthly income will be reduced. Every month the income is distributed to everyinvestor without fail.JewelleryOther than the traditional methods of retirement savings, people are now choosingvarious methods to save their money. Buying jewellery is also considered as aninvestment. People save a little sum of money every month to buy jewellery. Thebest part about jewellery is you can use it and even if you sell the jewel, you willget a decent amount of money. The reason is the gold rate will be higher. Also, ifyour jewel has any precious stones, it will also get appreciated in a few years.When you are buying necklace, bracelets, or even Engagement rings hattongardens is the go-to destination. Because they provide the best quality diamondswhich you can consider it as a saving. It gives you a profitable return in yourretirement age if you decide to resell it.Individual retirement plansThose who already have a retirement plan in the office, and want to save more,also opt for individual retirement plans. There are many kinds of IRA like atraditional IRA, Roth IRA, spousal IRA, and fixed annuities. If you wish to save onyour own and want to add-on to your retirement savings, you can use a traditionalIRA. Roth IRA is useful when you want a tax-free withdrawal in your retirementperiod. If you are married (one of the spouses is not working) and filing together,the spousal plan is an option to consider