Your company’s retirement plan is a smart way to save for a secure financial future. Below are a few helpful hints to help you reach your goals.
Dos | Don’ts |
Do participate today. Each day you wait is less money you will have at retirement. | Don’t let emotion rule. Remember that the market fluctuates and that you are in this for the long term. |
Do diversify* your investments. Consider your age and your tolerance to risk. | Don’t “listen to your neighbor.” Consider the source of such investment advice. |
Do contribute enough to receive the full benefits of the employer match (if offered). | Don’t time the market. This is a dangerous game to play. |
Do rebalance your investment allocation regularly. | Don’t chase returns. It won’t get you any closer to where you need to be. |
Remember, you are in control of your retirement savings – so be pro-active!
If you have any questions or are unsure how to invest your money, contact your benefits department or call your retirement plan consultant, R|W Investment Management at 208-297-5445.