Some helpful advice about ensuring that your retirement is as financially painless as possible.3/24/2017
Reaching your retirement goals depends almost entirely on the saving and investment decisions you make today. By creating your plan — and sticking to it — you put in place the foundation of a financially independent future.
Your financial situation is unique, so your strategy should be as well. You should also adjust your strategy as your priorities change and as you draw closer to retirement. The basic plan is the same for most people — and it all starts by starting. Six tips to help you along the way: Tip 1 Participate in your employer-sponsored retirement plan Make this a top priority at any new job. Enrolling in your employer plan is easy. Most industry sources recommend contributing 10% but even 3% can start you down the right path. Plus, rolling your savings from previous employer plans into your current plan can give you a single-view picture of your situation. Of course, you are encouraged to discuss rolling money from one account to another with your financial advisor or planner, considering any potential fees and/or limitation of investment options. Tip 2 Save as much as you can on a pretax basis Since money you put in your employer-sponsored retirement plan comes out of your paycheck before taxes are taken out, it may be worth more in your retirement account than in your pocket. Read Entire Article: http://www.empower-retirement.com/me_and_my_money/saving/participate-retirement-plan.shtml?utm_source=linkedin&utm_medium=empowertoday&utm_content=03032017 Comments are closed.
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AuthorJoshua Nahas Archives
May 2017
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