You've grasped the basic concepts of investing. Now you can put all this information together and build your individual investment plan.
A comfortable retirement doesn't just happen. The best time to begin saving for retirement is right now.
The 3 Things You Need to Know About the Golden Years
When are you going to retire? How much income will you need? How long do you expect to live off your retirement fund? These are tough questions to answer, but you have to try if you want to maintain your standard of living during retirement.
The information provided here is intended to help you understand the general issue and does not constitute any tax, investment or legal advice. Consult your financial, tax or legal advisor regarding your own unique situation and your company's benefits representative for rules specific to your plan.