How Do You Plan For Retirement Living?
To plan for retirement living can seem like a monumental task if you don’t have the knowledge or tools required to make smart decisions. Statistics have shown that most of us either aren’t saving enough or we’re not making the best investment choices to secure our retirement income. Several factors such as age, risk level and disposable income come in to play when trying to decide where or how to invest your money. Following are some tips which may prove to be helpful in determining what the best choices are for your situation. Most employers offer a 401K plan with a matching contribution. The most common is $0.50 for every dollar you contribute up to 6% of your income. If you don’t contribute at least enough to get the company match, you’re leaving money on the table. I don’t know about you but I don’t like to turn away free money so take advantage of that of that option if it’s available to you. The biggest advantage to contributing to a 401K is the tax break you receive up front. In
