5 Ways to Invest Your Retirement Savings

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5. Consider Your Investment Time Horizon

Think of your retirement fund as a ticking clock. Your current age plays a huge role in your retirement fund, and you shouldn’t wait till later to invest. The younger you are more time you’ll have to grow your money and bounce back from any investments that don’t pan out how you’d planned. If you’ve got time between now and your retirement, you’ve got more room for risk and you can grow your fund dramatically more in 20 years than 5. But, if you do have limited time, it makes sense to limit your risk as any losses you make could seriously damage your nest egg.

Also, it’s important to plan how much you’ll need when retirement finally comes because realistically you don’t know how long you will live. If you’re in good health now, it makes sense to believe that it will continue into your older years, so you better build that nest egg.