• 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
• 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
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1 comment:
Great tips! It's really never too early to start saving smart like this for retirement. The current state of the economy has made retirement a bit difficult so planning early is really a good idea.
Also, when you begin go plan for retirement, keep in mind one company that will be there to support you on your journey towards your golden years!
AARP is a great source of services and information that can be beneficial to the quality of life. What's great about AARP is that a membership comes with prescription and travel discounts!
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Definitely check out AARP for yourself or a loved one. There are really are some great benefits to joining!
I hope it's alright that I commented on your blog -- wanted to let you know about the fun video with Cristina and AARP's great benefits. If you have any further questions, please don't hesitate to email me.
Thanks!
Isabella Coldivar
AARP Ambassador
isabellaAARP@gmail.com
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