Saving for Retirement at Work

About The Case

Choose experience and know-how

  • If you can’t save the maximum for retirement at work, try saving a percentage of your salary, for example, 5%, that way as your pay goes up, the rate saved stays the same, but the dollar amount goes up.
  • A rule-of-thumb is to subtract your age from 100 and use the result to invest in stocks. So if your are 40 years old, subtracting your age from 100 equals 60. So 60 would be the percentage of your retirement account invested in risker assets such as stocks and high-yield bonds.
  • A financial advisor can help take an online risk tolerance questionnaire. The two I know of are Riskalyze and FinaMetrica.

Need Help Saving for Retirement?

I build and manage the portfolios of individuals with IRAs, public school teachers with 403(b) accounts, and business owners, for whom I design and manage SIMPLE and SEP plans.

I was therefore thrilled when, in 2011, the U.S. Department of Labor changed their rules to allow financial advisors to give investment advice to 401(k) plans. Now, if an employer says this is okay, and financial advisors follow one of the two DOL-approved templates, than they can give proper counsel to the employees.




The Retirement Benefits of Self-Employment

Self-employed retirement plans include both the solo 401k and the Simplified Employee Pension or SEP.


403b Plan Advisor for Massachusetts Educators

A 403b, also known as a tax-sheltered annuity, is one of the best retirement savings vehicles available for public school educators.


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