Aiming for the Retirement You Deserve
My approach to saving for retirement is Keep It Simple. For the most part, you have to obey some basic rules. Invest mostly in stocks, gradually shifting your allocation to money market funds as you approach retirement age. Avoid brokerage accounts (in which you trade shares of stocks) because you can’t time the market. Don’t sell in a stock market downturn. Don’t cash out; that is, don’t tap into your 401(k) savings when changing jobs. And that’s it.
If you’re part of a married couple, you should expect that both of you will have to work and one spouse will have to save most of his or her paycheck; but at least you’ll have ...