1) Know what you own. Take an inventory of your accounts, how much you've saved and how much you owe.2) Know what you need. Make a budget and allocate your paycheck so that a specified amount goes to savings.3) Develop a Plan. Write down your savings and spending goals so you have a record of what you promised yourself.4) Establish an Emergency Fund. This cash fund should cover at least 6 months living expenses so you are not tempted/forced to dip into retirement savings in case of the unexpected.5) Manage Spending and Debt. Look into refinancing loans and shopping around insurance to generate cash to pay off credit card debt, and limit future purchases to what you need.6) Contribute, max out and catch up. Make sure you are participating in your employer's retirement savings plan at least enough to get any company matching contributions.7) Stay on track. Make sure your investments are diversified and your asset allocations reflect your goals. Rebalance if necessary.8) Assess Your Risks. Becareful to not underestimate longer life spans, neglect to plan for healthcare, fail to account for inflation, be overly risk averse or risk inclined, or drawing down assets too rapidly.9) Identify your income. Create an income strategy to cover retirement expenses being as conservative as possible.http://fidelity.cm/simplestartquizFuskieWho wishes everyone a happy new year...
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