Here’s How You Should Invest at Every Age

Invest in Yourself

Your 30’s are a great time to get that advanced degree or bulk up your work skills. If you can increase your salary in your 30s, you’ll have decades to compound your earnings.

The Best Investments for Your 40s

If you’re late to the saving and investing party, now’s the time to put the pedal to the medal and make those lifestyle trade-offs. After all, you don’t want a future in your kids’ basement, do you?

Invest in Your Workplace 401(k) or 403(b)

You need to supercharge your saving and investing to prepare for retirement. If you haven’t yet saved in your employer’s retirement plan, start now. If you’ve been investing in the 401(k), strive to invest the maximum $18,000 per year.

If start at age 40 and hit the max $18,000 annual target, then with a 6 percent annual return, by age 67 you’ll reach a million-dollar nest egg. That may not be enough to retire on once inflation and longer lifespans are taken into account, but a million dollars is a very nice starting point.

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