Question for asked by pattyo

Here are four simple steps to ensure a successful retirement. 1. Save More. The more money you can investment, the bigger your eventually nest egg is going to be. 2. Save Systematically. You have to be disciplined about saving. Waiting to see what is left over at the end of the month just won’t cut it. Try putting away 10% of every paycheck, even before you start to pay your bills. If you run out of money before all the bills are paid, odds are you probably paying for a lot of stuff you don’t need. 3. Use tax-advantages whenever possible. Let your money growth tax-free (through Roth IRAs) or tax-deferred (retirement plans at work) wherever possible. It will make your money grow faster. 4. Invest smarter. Try to make your money earn a bit more. Everything else being equal, go with the fund that charges the least. For example, if you are going to go with a S&P 500 index fund, go with the broker that charges the least. These four strategies work no matter what you age. But clearly the earlier you start, the better off you are going to be.