RETIREMENT IDEAS
A lot of people are not saving enough for retirement. Employers are cutting back on funding for retirement. Individuals have to take more responsibility for their on retirement accounts. Most people do not have an idea how to invest .You could go to the local bank,mutual fund families, and annuity company. In IRA’S interest is paid on your principle plus change in the value of your investment. Mutual funds offer many investment options. One option is balance funds where you have professional managers and reasonable administrative costs.
Asset Allocation
Asset allocation should depend on your age and distance from your retirement of course. You need to know how much income and how much expenses you will pay when you quit working. You got to figure out that you probably going to live longer. You’ll also have to decide whether you are going work when you retire. Your current income is a good guide. You should plan on living on 70%-80% on what you presently spending on expenses,food, clothing, and utilities.Inflation will also affect this. Look up your sources of retirement income such as pension,IRA’S ,401 K, and social security rrmrcapitals.com
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