4. Stick With It!

While mutual fund investing is less risky than investing in single stocks, it is not risk-free. The stock market will have its ups and downs, and your money will go along for the ride. As long as you leave your money where it is and keep adding to it, you'll see your nest egg grow in the long term.

Several investing studies back this up. The most compelling, a Fidelity study conducted as a five-year follow-up to the stock market meltdown of 2008-09, shows that employees who participated in their workplace retirement plan for at least 10 years had an average record-setting balance of $246,000. Their accounts have grown by an average annual rate of 15% between 2004 and 2014!

5. Work with an Investing Professional

You'll have plenty of questions about your retirement plan during 30 or more years of investing, so it’s important to find an investing professional.

Never settle for an investing professional who talks down to you or suggests you turn over all your investing decisions to them. This is your retirement after all—no one will care about it more than you do!

Share This Post