The video below is a very concise, simple advice on planning for your retirement by focusing on the KISS principle: Keep It Simple Stupid (I have to remind myself of this all of the time).
Here are some key points covered to focus on:
- Save - You are responsible for your own future, do not expect the market’s returns to bail you out.
- Understand Yourself – Risk is critical, so if you don’t understand it (most don’t), get some help.
- Don’t Chase Returns – It’s a “loser’s game” based on the emotional response we have with this strategy.
Click Here to View the Video on WSJ.com
Tags: 401k advice, 401k investor help, investment behavior, personal finance, retirement
