4 Keys to a Wealthy Retirement
Retiring with all the money you'll ever need isn't complicated, but it isn't easy, either. If you want to retire wealthy, you'll need to adopt these four critical retirement-saving best practices.
That deceptively simple statement has two important components: "consistently" and "enough." Consistently means contributing to your retirement savings accounts month after month, year after year. And saving "enough" means you've figured out how much you'll need to invest in order to have a satisfactory retirement income, and you actually contribute at least that amount to your retirement accounts.
Of course, before you can contribute "enough," you need to know how much "enough" is. A retirement calculator can help you figure out how much you'll need to have in your retirement savings accounts when you retire and therefore how much you'll need to save to hit your goal. For most savers, the simple approach of contributing 15% of your income to a retirement savings account will also do the trick.
Source: Fool.com
