Top 4 Steps To A Richer Retirement

Building a comfortable retirement nest egg is easier than you think. Here are four steps to help you build a comfortable retirement:

Image result for retirement nest egg

Start early! If you started saving $100 a month beginning at age 18, you would have over $500,000 by age 65. The power of compounding is great, and the earlier you start saving, the greater the benefit.

Image result for save 100 a month

Have a plan. The best way to ensure that you will have a comfortable retirement is to plan how much you will need to retire. You can’t reach your destination if you don’t know where you’re going.

Image result for reach your destination

Participate in company sponsored retirement plans. Many companies offer matching contributions to your 401K or other retirement plan contributions. This is free money – take it!

Image result for 401k

Invest in a diversified portfolio of stocks and bonds that fits your goals and risk tolerance. Studies show that your investment return is determined primarily by the allocation of your assets, not the individual investment selections you make. Keep your costs down. Invest in no-load, low cost mutual funds (or other investments). 

Following the steps above should send you well on your way to a comfortable retirement.

Leave a Reply

Your email address will not be published. Required fields are marked *