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Bonus Commonsense Tips. Combing through Ramsey’s advice reveals a few more behaviors and mindsets that will boost or protect your retirement savings: Be insurance-wise. Double-check that you ...
Investing in real estate, like investment properties, can lead many people to experience an early retirement. However, you’ll need to follow certain guidelines to become successful at it.
Learn: 3 Ways To Recession-Proof Your Retirement. According to Dave Ramey, a well-known radio personality and financial expert, there are four questions you should be asking to evaluate your ...
And if you practice what we preach, taking charge means you’re investing 15% of your income in tax-favored retirement accounts — like 401(k)s and IRAs,” according to a Ramsey Solutions article.
Ramsey recommends allocating 15% of your income to retirement savings. He found out that many people who invest 15% of their income reach the million-dollar mark for retirement in less than 20 years.
The post on Ramsey Solutions recommends going back to your traditional 401(k), 403(b) or TSP workplace retirement plan. Keep bumping your contribution up until you hit 15%.
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