I received a comment on this post saying that the graphic at the end of this post was difficult to read. I apologize for that. I think I have fixed the problem. I hope that the new one is easier for you to read.
I’ll be 69 years old this year. I don’t plan on retiring any time soon. But because I took the advice of one of my early mentors, I could retire and live comfortably for the rest of my days. The advice was simple: “begin saving for retirement right away.” I was 25 when I got that advice. In those days, IRAs and 401k plans didn’t exist. But my employer had something called a Savings and Investment plan. It was a good deal. If I set up an account and had 6% of my salary deducted from my paycheck every month, they would contribute 4%. I jumped on that. I continue funding my 401k even today. There are many options for investing You can invest in stocks, mutual funds, or bonds. Investing in precious metals is also an option.
The graphic below from my friends at Car Loans of America provides some great ideas on how to maximize your 401k investment. Check it out…
And a retirement-aged person is supposed to be able to read this?? I figured this might be useful for my 23-year old grand-daughter but she can’t read it Make it a downloadable PDF and it might actually be worthwhile.
Thanks for your comment Robert:
I will post a downloadable .pdf.
Bud