The Teacher's Advocate

Share this post

10 Rules for Saving For Retirement

403b.substack.com

10 Rules for Saving For Retirement

Scott Dauenhauer, CFP
Nov 30, 2005
Share

What follows are the 10 rules you need to know to effectively save for retirement. I will expand on each one as time goes by.

  1. Start now

  2. Make it automatic (either from your paycheck or checking account)

  3. Diversify, Diversify, Diversify

  4. Don't be overly conservative in your allocation

  5. Don't be overly aggressive in your allocation

  6. Consistently increase contributions

  7. Tax Diversification - use both pre-tax & post tax accounts (Roth)

  8. Don't borrow from your retirement savings

  9. Keep overall expense low

  10. Avoid products with long surrender periods and high surrender charges

If you follow these ten rules you will have a successful retirement savings plan.

Scott Dauenhauer, CFP, MSFP

Share
Comments
Top
New

No posts

Ready for more?

© 2023 Scott Dauenhauer, CFP
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing