The head of a financial services industry group says the new year is the perfect time to begin investing for retirement regardless of age, “The younger the better. One of the things that we say is ‘start as early as you can,” says Steve Bartlett, President & CEO of the Financial Services Roundtable.
The group has released 11 things to know about long term investing in 2011. Some tips include starting with a goal in mind and identifying which level of risk you are comfortable with regarding investments. The Roundtable also says it’s vital to contributing to a matching 401K fund.
Either way Barnett says start now by setting aside a dollar amount every month for retirement. Even $25 can make a difference but he says try to increase the amount every year.
Wisconsin members of the Roundtable include Marshall & Ilsley Corporation in Milwaukee, Northwestern Mutual Life Insurance Company in Milwaukee and Associated Banc-Corp in Green Bay.