Earlier today I posted on the editorial from Smart Money this month and how it talked about the value of investing versus your career. The same column also mentioned a thought on retirement that I wanted to share with you:
A well-thought-out retirement plan is only as good as our ability to see it through -- that is, to continue working and saving for as long as we want and need.
Yes, you can have the greatest retirement plan in the world. You can have it thought out, planned out and strategized out to make you a multi-millionaire in 30 years when you stop working. But if you don't stick with the plan and if you don't keep saving and keep saving and keep saving, it will all be worthless.
Because of the power of compounding, all you really need for a good, solid retirement plan is to regularly save over a long period of time. If you simply do that, you'll out-perform the vast majority of retirees -- especially those who have great plans but fail to follow them properly.
For more on how to make the most of your retirement saving, see these links:
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