Wednesday, November 12, 2008

Tips On How To Save Smart For Retirement


• Start now. Don’t wait. Time is critical.

• Start small, if necessary. Money may be tight, but even small amounts can make a big difference given enough time, the right kind of investments, and tax-favored vehicles such as company retirement plans and IRAs.

• Use automatic deductions from your payroll or your checking account for deposit in mutual funds, IRAs, or other investment vehicles.

• Save regularly. Make saving for retirement a habit.

• Be realistic about investment returns. Never assume that a year or two of high market returns will continue indefinitely. The same goes for market declines.

• Roll over retirement account money if you change jobs.

• Don’t dip into retirement savings.

Source: www.dol.gov

1 comment:

Anonymous said...

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