What’s The Best Retirement Savings Strategy?
Contribute to your 401k each month – BUT…..
….but jobs in the New Economy, don’t last for 30 years, placing retirement savings strategy and home at risk.
It’s crucial to grow your retirement funds AND ALSO reduce financial risk from job loss.
YOU MUST:
- Have a flexible budget
- Reduce expenses for more discretionary income
- Reduce investment management fees (they can reduce 401k by 30%)
- Reduce credit card debt
- Save big on mortgage interest (where the real money is)
- Protect your home from foreclosure