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11 things to know about investing in 2011 — #11 Start with a goal in mind

11. Start with a goal in mind. Thinking about why you are investing—to buy a house, to send the kids to college, or for your own retirement—will not only help to motivate you, but should also give you a better sense of how much you need and when you need it. Continue reading

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11 things to know about investing in 2011 — #10 Know what you need

10. Know what you need. A survey by EBRI found that only 46 percent of Americans had estimated how much money they would need to retire—and 14 percent of those had guessed. It is wise to look at some estimates of longevity for your age and gender. Particularly for women, it may be far longer than you imagine. This longevity issue has serious implications for investment planning and is an increasing concern for the population. Continue reading

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11 things to know about investing in 2011 — #9 Understand where you are in the lifecycle

9. Understand where you are in the lifecycle. A single 20-something with 50 working years ahead of her can be saving less and tolerating more risk than a 50-something with less than 20 years of work ahead. Where in the spectrum are you? Continue reading

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11 things to know about investing in 2011 — #8 An ounce of information is worth a lot of money

8. An ounce of information is worth a lot of money. In this age of the Internet, there’s an abundance of free information about saving, investing, and money management available to you. You can also go to the library, take a class, or sit down with a financial planner. Becoming knowledgeable about your options and developing a clear strategy are keys to smart investing. It is also often a good idea to speak with a qualified financial planner. Continue reading

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11 Things To Know About Investing In 2011 — #6: Read And Understand The “Fine Print”

6. Read—and understand—the “fine print.” It’s your money. Make sure you know what you’re doing with it and what the risks are. Protecting your hard-earned money is worth a few minutes of reading statements or disclosures, and asking enough questions to know what you’re getting into. Continue reading

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11 Things To Know About Investing In 2011 — #5: Don’t Leave Money On The Table

5. Don’t leave money on the table. If your employer offers retirement saving matching (such as through a 401k), take it! That’s free money that can greatly increase your post-retirement “income.” Continue reading

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11 Things To Know About Investing In 2011 — #4: Slow And Steady

4. Slow and steady is great. Slowly and steadily increasing is even better. The key to reaching your investment goals is to steadily increase the capital invested. And increasing that amount—even by 1-3% of your salary—will significantly improve your savings. Continue reading

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11 Things To Know About Investing In 2011 — #3: End Late

3. End late. One of the most effective ways to increase your retirement savings is to work—and continue investing—for a few more years. Continue reading

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11 Things To Know About Investing In 2011 — #2: Start Early

2. Start early. Research shows that putting aside even a little bit of money as soon as possible, and steadily adding to it (even a little bit at a time), can make a significant impact on your quality of life during retiremen Continue reading

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11 Things To Know About Investing In 2011 — #1: Just Do It!

1. Just do it. Most Americans cannot secure their retirement through savings mechanisms alone—particularly given how inflation will undermine them. Decide to invest your savings—make your money work for you—and start right away. Continue reading

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