How to plan for retirement (cont'd):

Choosing Investments

Before you decide to invest, it's very important to be sure you have taken care of required payments, and that you have also saved up some money as a buffer, in case of unexpected expenses.

So there are all kinds of different ways to invest, some more risky than others. Usually the trick is the more risk, the higher the rate of return. But if there is a high level of risk, there will be a chance that the outcome may be unfavorable. Our recommendation is to invest in a ROTH IRA, but if you want to do stocks, the best advice is to combine several investments into a portfolio. Your broker will be able to help you with this when you get to this stage.

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