How to Save Right for Retirement - Deepstash
How to Save Right for Retirement

How to Save Right for Retirement

  • Start Saving ASAP. Money you put in your retirement fund now will have more time to grow through compound growth.
  • Avoid cashing out your retirement account early as it prevents your money from being invested and leads to penalties and tax bills.
  • Contribute money so your employer can match it if you have a 401(k)
  • Invest your raise in your retirement savings. Up your automatic transfer to savings, and increase your retirement contributions. 

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"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." ~ Warren Buffett

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Week 3: Open 2 Investing Accounts

Week 3: Open 2 Investing Accounts

Open:

  • a 401(K) account
  • a regular investment account.

Next:

  • If your employer offers a 401(k) match, invest to take full advantage of it. Contribute enough to get 100 percent of the match.
  • Pay off debts. This give you a significant instant return.

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