Steps for starting investment/retirement goals.
- No one will fund your retirement or savings except you. Therefore do something about it.
- The future of Social Security is uncertain. Thus, a reason for the advancement of tax-deferred investment opportunities such as the 401(k) and the IRA.
- The earlier you invest, the quicker you will be able to achieve your financial goals and with less money. The longer you wait to invest, the more money you will need to invest to achieve the same goals.
- Make investing a regular habit and a regular part of your budget.
- There is no perfect or best way to invest. Pick the investment options you understand and are comfortable utilizing. Don’t pick a particular investment option unless it provides you the opportunity and benefits you desire.
- Do not invest based on emotion or greed.
- Learn about investing. Read and listen to all the investment material you can find. The more you learn, the more you will understand. You will never know everything about investing, but you will know enough to make your money grow for you.
- Some great investment sources to begin your learning process:
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