If you're like a lot of people watching the recession unfold, you have
likely started to look at your finances under a microscope. Perhaps
you have started saving--the annual savings rate by people has started
to recover a bit.
Statistics conclude that 72% of workers will only be able to replace
45% of their income from Social Security and their 401(k) s
combined.
Yikes!The huge majority of those depending on 401(k) s have little
hope of living as well in retirement as they did being employed. If
those scary stats aren’t a wake up call to baby boomers and
generation-Xers I don’t know what are.
A lot of middle-aged employees have a number of choices. Work at
your present job till you drop dead or look forward to a second career
as a Wal-Mart welcomer. A different choice is to actually learn how to
become a better investor and work hard to make your retirement
hoard grow at a rate higher than the 7% to 10% yearly that you may
expect from a index fund or with a financial advisor.
Now you're enquiring: What about investing my cash? How do I begin
if I don't have a lot, and how do I limit my risk? Here are steps to
become an investor, and do it the right way.
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