Want to Retire a Millionaire? Here’s How!

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We all want to live rich and die happy, but HOW? Saving money is often a daunting task that seems impossible – the choice between living well now or planning for retirement and living well at age 65 often leads people to put their paycheck on checking accounts and not money. # 39; savings. But it's not too late for you to change course, start investing in stocks and mutual funds, and have a comfortable future to live in a few years.

The most reliable way to save for retirement is to use mutual funds, with your wealth building slowly over time rather than risky, high-yielding short-term investments. To find out which stock portfolio is right for you, find a licensed financial planner. Financial planners come in all shapes and sizes, specializing in a variety of sub-areas. So ask your friends and loved ones who they use, get recommendations from neighbors, and interview at least a handful of financial planners you to find the right fit. Then create a plan together and start saving!

By making prudent decisions, your money will accumulate more slowly, but especially for those under 35, this is the best way to do it. After the financial crisis, most young investors turn to proven mutual funds and stocks to build their retirement funds. It is too easy to postpone investing in your twenties … retirement seems so far away. But that extra decade of investment (and 10 more years of paid interest on the back-end) could add up to tens of thousands of dollars in 50 years. Really, it's never too early to start saving.


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