Step #9:
Highlight Your Golden Years

Once your debts are cleared and you’ve got your emergency fund set up, it’s time to get more diligent with your retirement account. Meaning put more of the green stuff into your nest egg!

The type of investments and savings plans you choose really depends on how aggressive you want (and need) to be ... and also how old you are.

If you’re in your thirties or forties, at least 10-15% of your income should go into a tax-deferred retirement account, such as a 401k that includes stocks. As you get older, you’ll want to get more conservative with bonds and treasuries and money market funds.

For more details on how much to save and when, see The Dolan Retirement Catch-Up Plan.

Next: Step #10: Nix Credit For Good!

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