Tuesday, March 12, 2013

Her Financial Goal: Get a Handle on Retirement Planning

http://www.dailyfinance.com/2013/02/22/financial-goal-401k-retirement-planning/

Everyone has things they want to improve about their financial lives -- even those of us who are paid to write and think about money on a daily basis. To that end, the editors at DailyFinance and a few other AOL sites shared their 2013 goals with personal finance expert Jean Chatzky. Today she offers some tips to help Sarah Chazan, editor-in-chief of AOL Music, take control of her retirement plan.

"For years, I've blindly been putting money into a 401(k) but have neglected to learn about what I'm investing in and if that's even the best course for my long-term goals," Sarah says. "Since Social Security isn't a given for my generation, it's really up to me to make sure I'll be financially secure when I decide to hang up my editors' shoes."

Here's what Jean had to say:

Step 1: Don't give up on Social Security just yet, but taking a more active role in planning your retirement is a necessity. The first thing I'd recommend is to take a good look at your 401(k) statement. You have information at your fingertips, and it arrives in the mail every month. You just might not know how to read it, which brings us to...
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