Not too long ago, people didn't have to worry about saving for retirement. If you worked a steady job throughout your career, you could expect to get a healthy company pension from your employer, along with Social Security and other government benefits. Anything you put aside on your own was just icing on the cake.
All that has changed. Most employers don't have pension plans, instead making you contribute your own earnings into retirement plans. And budget woes could jeopardize Social Security's future. Now more than ever, it's up to you to make sure you're comfortable in retirement.
Rule Your Retirement
We believe that you can take charge of your retirement savings successfully. Our Rule Your Retirement newsletter has condensed retirement investing into four basic rules:
- Rule 1: If you need the money in the next year, it should be in cash.
- Rule 2: If you need the money in the next one to five (or even seven) years, choose safe, income-producing investments such as Treasuries, certificates of deposit (CDs), or bonds.
- Rule 3: Any money you don't need for more than seven years is a candidate for the stock market.
- Rule 4: Always own stocks.
With those rules in mind, we give you guidelines on setting up your portfolio with stocks and mutual funds that will help your retirement nest egg grow throughout your career. We also show you how to preserve those holdings once you start drawing on them for your retirement expenses.
You can find out more about retirement investing from these articles:
- New Rules for Retirement Investing
- Hands-Off Retirement Investing
- Get Your Retirement Savings On Track
To see what The Motley Fool's Rule Your Retirement advisor, Robert Brokamp, is recommending to his readers now, take a free 30-day trial of Rule Your Retirement today.
The $15,978 Social Security bonus most retirees completely overlook
If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income. In fact, one MarketWatch reporter argues that if more Americans knew about this, the government would have to shell out an extra $10 billion annually. For example: one easy, 17-minute trick could pay you as much as $15,978 more... each year! Once you learn how to take advantage of all these loopholes, we think you could retire confidently with the peace of mind we're all after. Simply click here to discover how you can take advantage of these strategies.