Like colonoscopies and bifocals, many young guys think retirement is something they don’t have to worry about until way down the line. The secret truth is, to do retirement saving right, you have to do it now.
Without training we’re expected to guess what will happen in the economy for the next 40 years until we retire. Our crystal ball algorithms are still in the beta phase, but until then here is some logic to making easier choices for your 401(k).
When you finally start pulling in some money, investing in your retirement may seem like the last thing you want to put it towards. Having a lot of confusing choices like 401(k), Traditional IRA, 403(b), and a host of other options doesn’t make it any easier. Today we’re focusing on the pro’s and con’s of the Roth IRA.
Categories: Did You Miss These?, Invest, New Here?
So they’re saying it’s a buyer’s market but you, like most, are without a grocery list when it comes to stocks. Learn how to play it safe, relatively speaking, by focusing your attention and cash into one of the most consistent stock investments you can – index funds. (Oh, and make yourself rich in the process.)
So now that you know what your 401(k) is, you think you’re all set for retirement? Think again. We’ve got a few more lessons to teach you before setting you off on your own.
If you’re asking yourself this same question, you’re in luck. Check out our intro to 401(k) planning to ensure that by the time you’re drinking Ensure, you’ll have a nice little nest egg to rely on.