Preparing for Retirement

Preparing for Retirement Of employers that have 401 (k) plans, 98 percent offer a match for employee contributions. Nationwide, contributing to a 401 (k) yields an average employer match of $1,336 per year. To fund retirement, it is recommended to invest in a mix of stocks, bonds and cash. Stable bonds are a better investment option than risky stocks for those closer to retirement age. Ot You can contribute $5,500 per year to an IRA account, which provides a secure source of retirement savings. Social security payments increase 8 percent each year one delays collecting benefits after reaching full retirement age (until age 70). A common recommendation is to save 10 to 15 percent of one's yearly income for retirement. Start saving now. The longer money is in savings, the more growth potential it has. SANCTUARY WEALTH EMPOWERED http://time.com/money/3851390/retirement-401k-match-missing/ http://www.dol.gov/lebsa/publications/10_ways_to_prepare.html http://time.com/money/2791165/how-much-to-save-for-retirement/