It's the Contribution, Stupid…

May 2006
Journal of Financial Planning;May2006, Vol. 19 Issue 5, p12
Academic Journal
The article reports on a study by Putnam Investments that states the best thing people can do to prepare for their retirement is save more money. A hypothetical look at an average individual earning $40,000 per year found that if one doubled the amount of money they put into investment, they could triple their savings account value in 15 years compared to someone who had saved less. Selecting mutual funds and allocating assets correctly is still important, but financial planners should encourage clients to invest more.


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