Contributing to Your Plan
If you can’t save the maximum, try saving a percentage of your salary. For example 5%. That way as your pay goes up yhe percentage stays the same, but the dollar amount saved goes up.
Investing Your Retirement Money
A “wise” rule of thumb for retirement planning is to take your age and make that the percentage of your portfolio invested in bonds, so a 55-year-old would have 55% of their portfolio in bonds and 45% in stocks.
Diversification and Rebalancing: A Retirement Saver's Best Friend
Diversification is the proverbial don’t put all your eggs in one basket. When rebalancing investors go back to their original allocation.
Tim Hayes CRPS®, AIF®, AWMA®, CFS®