Whether you’re worth $ 100 million like Britney Spears, or $ 100, the same simple strategies can help ensure a comfortable retirement.
Britney f.i. isn’t saving for retirement while she got a large income. Her excess may shock most of the people, but her saving habits are actually pretty normal. The overwhelming majority of American 20-somethings aren’t saving anything for their retirement either. This way they don’t take advantage of their biggest asset namely time.
You have to be able to set aside just a little each month; this can help to maintain your lifestyle in perpetuity. Hiring a team of people to handle your investments isn’t really necessary. You can just put your 8% in a so-called target-date retirement fond.
As time passes, and you get closer to retirement, the fund will automatically adjust that mix of stocks and bonds to more conservative levels. The best part with these funds is that you do nothing. You’ll never have to say, “Oops I did it again” when it comes to your retirement.
I think it’s an interesting article, because many young adults don’t really see their retirement coming closer. Most of them use their first salary to buy a car, a house, … Finally they own and gain their own money, and they can do whatever they want with it. But if only they would put aside just a little amount for their old days, they wouldn’t have to face problems in the future with it.
Laura
Source:
http://money.cnn.com/2007/11/06/pf/retirement/revell.moneymag/index.htm?postversion=2007110617
1 opmerking:
What at first sight seems to be a funny article, seems not so funny at all. It is indeed a fact that many young people do not think about their retirement. You can't blame them, why don't enjoy your life, but if you want to enjoy your whole life, you have indeed to think further. The exemple of Britney is very drastic, but represents the thruth.
Els
Een reactie posten