七条建议助你退休后增收_BEC初级作文

七条建议助你退休后增收

5. Don't miss out on company incentives. Most employers that offer retirement plans give incentives for you to contribute some of your pay to your plan. Many add an amount equal to 3% of your pay. "Your employer is offering you free money, so take it."

6. Find a new job. If your employer doesn't offer matching contributions, find a job with an employer that does, he says. Matching contributions can really add up.

Consider: If you contribute $5,000 a year for 40 years, earning 6% annually, you'll accumulate $773,810 for retirement. If your employer adds to your account with a 3% match, the value of your account will be $232,143 more — giving you a total of slightly more than $1 million.

"You need to recognize that many employers are willing to provide a matching contribution. If your employer isn't doing that, you owe it to yourself to change jobs," he says.

7. Invest with a long-term perspective. You have to create a diversified mix of mutual funds that invest in stocks, bonds, real estate, foreign securities and government securities, he says.

You can keep your money entirely invested in stock funds provided you understand the risks and you plan to leave your money invested in stock funds for at least five years, preferably longer, Edelman says. These two criteria are crucial for your decision to leave money invested in stock funds, he says.

"I would never recommend that people put money in stocks if they plan on withdrawing it in a year or two. Look at 2008. If you had a two-year time horizon and had invested in 2006, look what have happened. But if you had a five-year time horizon, you would have been fine.