Three Retirement Tips - Evan Vitale

How to Retire When YOU Want

By Evan Vitale

Most people in America are hard workers. We are a nation of workaholics.

We work on average over 40 hour weeks and more than 20 percent of

Americans work 49 hour weeks; 11 million

Americans say they regularly work 59 hour

weeks.

But what are we working towards?

Yes, many are truly passionate about the jobs they have or the businesses they run and the

work is its own reward.

Even the people who say that must, however, look forward to the peace and professional

freedom that accompanies retirement.

Retirement doesn’t mean being trapped in an armchair watching TV. It can mean having the

money and freedom to start a new adventure!

So, in the interest of helping Americans reach retirement when they want, here are

easy tips to get there:

Set Goals for Savings

A solid rule to follow is to save 10 to 15 percent of your salary every year.

If you can do this - especially if you are able to invest it a safe, slow growing fund or retirement account - and start early, it is amazing how the

money can add up.

Compound interest will make that money really grow over the years!

Balance Your Portfolio

Everyone knows there are risks that come along with investing.

That is why diversified accounts are recommended at every level to every investor.

By having your wealth distributed between many types of investments, stocks and bonds included, and many different industries and companies, you will have a solid cushion if

one of those investments fail.

You might grow a little more slowly, but you will also be much more safe should anything

unexpected happen.

Make One Big Account!

Having diversification is key when it comes to investments but that doesn’t mean you need to

have a ton of different accounts.

It turns out that having all of your money in one large account is better because it makes it easier for whomever is managing your money to keep

track of all the funds available.

Also, having everything in one place allows for better chance for diversification. Two well

managed but separate accounts might share similar investments, for example both might

invest in the same mutual fund, and therefore the diversification of the portfolio as a whole is

compromised.

So, when you are getting ready to retire, you might consider rolling all of your funds into

one, easily managed, well diversified account.

Follow these tips and you will be able to have a much better shot at retiring when

you want!

Thanks for viewing! If you would like to see more stuff

like this, check out my blog at:

evanvitale.org