How To Make Your Retirement Money Last With These 5 Easy Steps
The first thing investors who have a 401(k) plan at work should do is participate, say investing experts. Then, try to consistently increase your contributions to the extent possible. Over time, set yourself the goal of contributing the maximum allowed under the law. “It goes back to an old adage: Pay yourself first,” said Art Miller, president of Capital Preservation Strategies in Illinois. “Make contributions even if has to hurt a little bit financially.” Many people, he added, don’t contribute nearly enough.
Nasdaq.com (pick up of Investor’s Business Daily article), April 1, 2016