7-Retire in Style - Motley Fool Stock Advisor

7-Retire in Style - Motley Fool Stock Advisor -...

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Retire in Style Stock Advisor’s Guide to Foolish Success / Step 7 Read the Full Guide Step 1: How One (Simple!) Calculation Can Change Your Life Step 2: 2 Traits You Must Have to Be Great Step 3: Better Know a Better Business Step 4: Buy Your First Stock Advisor Stock Step 5: The Four Rules Step 6: Why We Sell Stocks Step 7: Retire in Style Step 8: Pay It Forward Step 9: Deep Blue Is How You Beat the Market 1. Contribute to the Right Accounts For starters, if your boss matches your contributions to your retirement plan at work (your 401(k), 403(b), 457, or other employer­sponsored plan), save at least enough to take full advantage of that benefit. Remember, contributions reduce your taxable income, and the investments grow tax­deferred. The next stop in the retirement account hierarchy is to fund an IRA (either a Roth or the traditional variety). If you’re not eligible for the Roth, contribute to the traditional IRA only if contributions are tax­ deductible. If they’re not, stick with your 401(k) (unless it really, really stinks) because you’ll get the tax deduction. 2. Choose the Right Investments A lot of people get tripped up on this one. But don’t let it stop you from putting a plan into motion. The “right” investments for you will change over time as you near the point where you stop investing new money and start spending what you’ve saved.
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  • Fall '14
  • advisor, ribosomal RNA, Stock Advisor Stock

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