Evan Vitale, a CPA, shares three important tips for those interested in setting themselves up well for retirement, no matter how old you are now!

1. How to Retire When YOU
Want
By Evan Vitale

2. Most people in America are hard
workers. We are a nation of
workaholics.

3. We work on average over
40 hour weeks and more
than 20 percent of
Americans work 49 hour
weeks; 11 million
Americans say they
regularly work 59 hour
weeks.

4. But what are we working
towards?

5. Yes, many are truly passionate about the jobs they have
or the businesses they run and the work is its own
reward.

6. Even the people who say that must, however, look
forward to the peace and professional freedom that
accompanies retirement.

7. Retirement doesn’t mean being trapped in an
armchair watching TV. It can mean having the money
and freedom to start a new adventure!

8. So, in the interest of helping Americans reach
retirement when they want, here are
easy tips to get there:

9. Set Goals for Savings

10. A solid rule to follow is to save 10 to 15 percent of
your salary every year.

11. If you can do this - especially if you are able to invest it a
safe, slow growing fund or retirement account - and start
early, it is amazing how the money can add up.

12. Compound interest will make that money really grow over
the years!

13. Balance Your Portfolio

14. Everyone knows there are risks that come along with
investing.

15. That is why diversified accounts are recommended at
every level to every investor.

16. By having your wealth distributed between many types
of investments, stocks and bonds included, and many
different industries and companies, you will have a
solid cushion if one of those investments fail.

17. You might grow a little more slowly, but you will also be
much more safe should anything unexpected happen.

18. Make One Big Account!

19. Having diversification is key when it comes to
investments but that doesn’t mean you need to have a
ton of different accounts.

20. It turns out that having all of your money in one large
account is better because it makes it easier for whomever
is managing your money to keep track of all the funds
available.

21. Also, having everything in one place allows for better
chance for diversification. Two well managed but
separate accounts might share similar investments, for
example both might invest in the same mutual fund, and
therefore the diversification of the portfolio as a whole is
compromised.

22. So, when you are getting ready to retire, you might
consider rolling all of your funds into one, easily
managed, well diversified account.

23. Follow these tips and you will be
able to have a much better shot
at retiring when you want!

24. Thanks for viewing! If you would
like to see more stuff like this,
check out my blog at:
evanvitale.org