Investing for Retirement
Why save for
retirement?Because people are living longer. According to
the U.S. Administration on Aging, persons
reaching age 65 have an average life expectancy of
an additional 18.6 years.* And since Social Security
accounts for only 37 percent of total aggregate income for
aged persons,** Social Security alone may not be enough to see you through your retirement
years.
Keep in mind...
- A well-diversified portfolio can help balance risk
- The earlier you start investing, the more you can
contribute over the course of your working
lifetime
- By starting early, your investments will have a
longer period of time to compound
- With a longer time frame, you will have a larger
choice of investment possibilities
What to do...- Assess your risk tolerance
- Determine your investing time frame
- Determine the amount of money you can
invest
- Choose investments that are appropriate
for your risk tolerance and time horizon
- Seek professional management, if necessary
*Source: National Vital Statistics Report, Volume 58, Number 19, May, 2010 **Source: Fast Facts & Figures About Social Security, 2010, Social Security Administration
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