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Retire Wealthy, Retire Rich, Retire Happy

  Retire wealthy, retiring rich and retiring happy are three dreams that everyone shares. Without these aspirations, there would be little point in slogging through the everyday working lives most people live. The dream of spending retirement plans in the sun on holidays and happy is a common thought. Financial simplicity and being free from debt, being ahead of most people in the rat race of life is seen as preferable and desirable. The simple peace of mind people have knowing they have sufficient funds to do whatever they choose in retirement cannot be beaten.

People who are retiring too often find themselves having to return to old jobs after a few years because of financial difficulties. They underestimate the increased cost of living amongst retirees. For example, the elderly will often feel a chill air more easily than those younger, so will spend more money on heating bills. They also spend more time than working people in their homes, meaning that the cost of upkeep in a home (including light, heat, water and electricity) is higher than ever before in their lives. All this happens as they cannot draw on a regular wage.

The sorts of hobbies that the elderly take up on retiring – knitting or golf, for example – take money too. The older someone gets, the more money they are likely to spend on fripperies and on the basics. Too many people go into retirement underestimating the living costs.

Countless people have left the working world with what they believed was a comfortable sum. As they burned their way through the cash, they came to a horrible realization that they needed to earn more in their lifetime. Making plans for retirement which are watertight is therefore necessary.

Without these smart and thorough plans, the ability to spend one’s twilight years happy and content could rapidly disappear in a puff of smoke. Luckily, help is at hand. The internationally renowned trainer, speaker, author and chartered accountant called Bibi Apampa has helped numerous retirees achieve good health, happiness and financial security as they transition into retirement.

 Bibi Apampa does this by educating the elderly to follow her basic plans. These can be utilized to make their retirement years happy and carefree. They plot a path to riches, happiness and good health – something everyone dreams of.

The accountant’s skill lets her keep tracks of people’s finances in a way many people could not. The ability to know how to work the system to an advantage is often overlooked but is vitally important. The pennies count when talking about a retirement fund.

With this advice, the happy retirement so many dream of is truly accessible. Lunches out every day, trips to the golf course and malls at any time of day and night, all these are simple. People spend their entire working lives living a monastic lifestyle for the ability to have a happy retirement. It should be lived once saved for.

Retiring happy and rich is helpful. The ability to retire wealthy trumps them all. People should be able to enjoy their retirement in wealth and luxury, not poverty.

Looking to find the best information on how to Retire Wealthy and Retire Rich, then visit www.RetirementBusinessIdea.com  to  download a free book on how to Retire Rich and retire happy.


How to Save for Retirement on a Low Income

You don’t need a large paycheck to begin building a nest egg

Saving for retirement is especially difficult for workers with small salaries. Many low-income workers don't have access to a retirement account at work and simply have less money to build a nest egg after paying their monthly bills. Here are some strategies to save for the future on a small wage:

Set up a direct deposit. Have a portion of each paycheck automatically deposited into a 401(k), IRA, savings, or investment account. "Payroll deduction is one of the easiest ways for a worker to actually save," says David John, a senior research fellow for the Heritage Foundation. Start with as little as 1 percent of your pay and as you receive raises, direct a portion of each one into a retirement or investment account.

Take advantage of tax breaks. Saving in a retirement account has the added bonus of reducing your current or future taxes. Traditional 401(k)s and IRAs give you a tax break in the year you make the contribution, but income tax is due upon withdrawal. If you expect your income to grow significantly in the future, it can be smart to contribute after-tax dollars to a Roth 401(k) or Roth IRA. Roth accounts allow you to pay tax on your nest egg now while you are in a low-tax bracket, then withdrawals, including earnings, will be tax-free in retirement.

Claim the saver's credit. There is a tax credit specifically for low-income workers who save for retirement. If you contribute to a retirement account such as an IRA or 401(k) and your modified adjusted gross income is less than $28,250 ($56,500 for couples) in 2011, you may be able to claim the saver's credit. This credit is worth up to $1,000 for individuals and $2,000 for couples and can be used to reduce the federal income tax you pay, but is not refundable.

Redirect your tax refund and tax break. If you don't need your tax refund for immediate expenses or debts, consider saving a portion of it for retirement. Workers are also currently receiving a temporary 2 percent tax break on their Social Security payroll taxes in 2011. For someone who earns $30,000 annually, the tax break is worth $600. Consider directing that tax savings into a retirement account.

Minimize investment costs. The expenses and fees associated with an investment are deducted from your returns. "An IRA charges a fee to open the IRA, it charges annual fees, it charges closing fees if you decide to change jobs, it charges a trade commission if you trade. If you get a fund of funds, like a target-date fund, you are being charged for a management fee and then the underlying mutual fund fees," says Teresa Ghilarducci, director of the Schwartz Center for Economic Policy Analysis at the New School for Social Research. Avoiding as many of these fees as possible and choosing funds with low expense ratios will allow your nest egg to grow faster.

Delay retirement. Longer life spans mean even more years of retirement that need to be financed. Workers without traditional pensions may not be able to retire at the same age their parents stopped working. "Postponing retirement is an extremely powerful tool for those who are able to do it," says Mark Iwry, deputy assistant secretary for retirement and health policy at the U.S. Department of the Treasury. "You've got more years of earning. You've got fewer years of consuming as a retiree." Working longer doesn't mean you will need to work indefinitely. "People are living longer, healthier lives and fewer of them are working in physically demanding jobs," says Barbara Butrica, senior research associate at the Urban Institute. "Working an additional year, we found, raises retirement income by 9 percent overall and by 16 percent for low-wage workers."

Learn about Social Security. Social Security payments are the biggest source of retirement income for low-wage workers. "Social Security benefits are much more important to people with low income than private savings probably ever will be," says Butrica. The age when you decide to start your benefit can make a big difference in how much your monthly payments will be for the rest of your life. "Think carefully about whether you want to start that Social Security benefit right away when you hit 62, or whether it's really more valuable to you to wait until age 70 if you can do so," says Iwry. Monthly payouts increase for each year you delay claiming up until age 70.

Seek a job with good retirement benefits. Finding a job that offers a traditional pension, a significant 401(k) match, or a profit-sharing plan can significantly improve your retirement security. But only about half of the workforce has access to retirement benefits at work, and low-income workers are the least likely to have them. "About four in every ten 25- to 29-year-olds who are working are working in jobs that don't offer retirement plans," says Margery Austin Turner, vice president for research at the Urban Institute. "Low-income workers aren't accumulating the assets they are going to need for a secure retirement." When an employer contributes to a retirement plan, you can build a significant nest egg faster.

Don't spend your savings early. Once you begin to build a nest egg, try not to spend any of it before retirement. "Many of the withdrawals from 401(k)s and IRAs were associated with job loss and disability and investment sorts of things, like home purchases," says Butrica. For these types of emergencies you can sometimes top up your savings without being hit with the typical 10 percent early withdrawal penalty. But early withdrawals also mean that you won't have that money and the valuable compound interest it could have generated in retirement. "I think we need to encourage people to avoid unnecessarily dipping into their savings before retirement," says Butrica. "Workers must consistently make large contributions to their accounts to accumulate significant savings. This is going to be very difficult for low-wage workers to do."


Looking to find the best information on how to Retire Wealthy and Retire Rich, then visit www.RetirementBusinessIdea.com  to  download a free book on how to Retire Rich and retire happy.


Retirement Business: Find The Perfect One For You

Retirement business research is a critical first step and is necessary to find  your perfect business. You'll most likely become frustrtated and ultimately fail, if you start the wrong business.

It's very common, after you start building your retirement business, to receive advice from people who have never operated or started a business. This unsolicited advice will come from people you may trust like your family and friends.

Especially in this economy, you also need to be aware of  business opportunity marketers because you will be bombarded by them. You want to avoid wasting your valuable time and money to research and try different business opportunities. This process will only lead to you giving up or failing in the long run.

So, how can you have a fighting chance to create a successful retirement business that is financially and personally rewarding, as you navigate through a confusing maze of information overload? Your first step is to determine how you will become an entrepreneur that is successful.

Finding your perfect retirement business does not begin with evaluating business opportunities. Evaluating your strengths, your desires and yourself is the single most critical step.

When you have the right mindset to build your perfect business, you will understand and accept several key factors:

You will not be distracted by other business opportunities and will stay focused on building the opportunity you selected.

You will not fall for the promises of easy money and will focus on selecting an opportunity that complements your goals and strengths.

You will understand your business is not a hobby, but an investment in your future.

You will be confident that the business you selected is the perfect one for you.

 

Critical self-knowledge is a crucial asset for an entrepreneur, because it will help you completely trust not just your decisions, but yourself as well.  Since your unique personal traits and skills are crucial to building a successful business, determine what they are before you invest in a retirement business. 

http://www.RetirementBusinessIdeas.biz   Let's face facts, It doesn't just take age to retire...It takes Money, Ideas and information! It's Fast And Easy To Get Started Immediately by building business's and creating multiple streams of income on demand every month from The comfort of your own home. Prepare for a WEALTHY, HEALTHY, and WISE Retirement Download today a book on Retirement Business Ideas for a Rich Stress Free Retirement at http://www.RetirementBusinessIdeas.biz

 

2. Retirement Business Ideas:  Find Your Dream Business

Retirement business ideas are abundant thanks to today's economy. It's easy to conduct your research online to discover the most popular businesses being built by folks planning for retirement. Starting your business before retirement is ideal, since you can simply expand your business hours when you are available to operate your business full time, if you prefer to do so.

To increase your chances for success, only consider a business that matches your skill sets and you are passionate about creating and growing.

There are numerous simple businesses that you can operate. Some very popular ideas include catering, cake decorating, after school care, tutoring, life coach, consulting, writing, business services and online retailing.

Since you have already built up a lifetime of skills and experience, establishing a retirement business can be a rewarding and productive opportunity for you. Be sure to do thorough research before you begin your new journey as an entrepreneur.

http://www.RetirementBusinessIdeas.biz   Let's face facts, It doesn't just take age to retire...It takes Money, Ideas and information! It's Fast And Easy To Get Started Immediately by building business's and creating multiple streams of income on demand every month from The comfort of your own home. Prepare for a WEALTHY, HEALTHY, and WISE Retirement Download today a book on Retirement Business Ideas for a Rich Stress Free Retirement at http://www.RetirementBusinessIdeas.biz

 

 

3.  Retirement Business Opportunities:  Three Popular Ideas

Retirement business opportunities are on the minds of many people preparing for retirement, with the intent to continue working. There is a rising interest and desire to experience being an entrepreneur. Many, however, have no idea what type of business they should start.

Here are three popular ideas:

Writing, thanks to the Internet, can be a worthwhile endeavour. Creating and monetizing a blog is a simple process. Your subject matter can range from topics you are familiar with from your work experience or you can research topics to educate your readers.

Retailing is a great option for people with a sales background. Although some choose to set up a retail shop, you can also choose to create an online shop instead or actually do both. There are numerous products available to promote, so choose wisely to increase your chance of success.

Tutoring is a great option for retired educators, since they are already patient individuals and know how to work with children, if they choose this option. You can also offer your tutoring skills if you are proficient in a specific subject matter or field.

As you research retirement business opportunities, consider your personal experience and skills, to find the right business for you.

http://www.RetirementBusinessIdeas.biz   Let's face facts, It doesn't just take age to retire...It takes Money, Ideas and information! It's Fast And Easy To Get Started Immediately by building business's and creating multiple streams of income on demand every month from The comfort of your own home. Prepare for a WEALTHY, HEALTHY, and WISE Retirement Download today a book on Retirement Business Ideas for a Rich Stress Free Retirement at http://www.RetirementBusinessIdeas.biz

Retire Wealthy, Retiring Rich 


The longed for dream of almost everyone is to be able to sit back after a tireless few decades of work and retire wealthy. The luxury of being able to potter about and do what people want as they spend their life free from financial difficulties is what people long for more than anything else. The ability to escape the rat race is prime amongst most people’s desires. The peace of mind afforded to those who have invested wisely for their retirement is an enormous weight off the shoulders of the average human.

Too many retirees are forced back into work after they swore to leave the working sector because of problems paying bills. As people become older, their cost of living increase. Elderly people feel the cold more, so they need to turn up their heating systems. They are unable to walk as far, so they spend more on buses, subways, taxis and car journeys. The social calendar of the old is often envied by the young – but all these things cost.

The everyday hobbies which many people happily take up on their retirement become a financial burden too. The cost of a set of golf clubs can take an enormous chunk out of a retirees budget. Even something as simple as knitting requires buying balls of yarn and knitting needles.

So many people have thought themselves free from the world of work. The amount they had saved would see them through. But as their bank balance dwindled, reality caught up with them. Making solid, watertight plans for retirement have never been more necessary.

People who do not think this decision though often end up in trouble. Thankfully, the ability to think it through it helped by some advice from an intelligent advisor. Bibi Apampa has made her name as a chartered accountant, trainer, author and inspirational speaker. She specializes in helping the old save for their retirement, and what to do when they reach that age to make sure the money stored lasts while giving them happiness and fulfillment.

Bibi Apampa does so by educating people in the ways to invest and save money. This way, they can follow easy plans to make sure their retired years are spent happily and healthily. She gives an easy path to happiness: keeping rich, wise and healthy.

Her skill in accounting means she is well placed to help people manage their finances for a rainy day. With all the skill to save money and keep it earning even when standing in a bank vault, the plans presented can grow a modest pension pot into something to live comfortably and happily on. Retirees need not cut back thanks to this advice.

They can go out to lunches every day and spend all their mornings on the golf course. Afternoon jaunts to country clubs and famous monuments are easy to do and within the financial reach of those who are retired. People forgo their happiness in the face of earning a living wage for all their life. Retirement should be the chance to splurge.


Retiring happy and rich is helpful. The ability to retire wealthy trumps them all. People should be able to enjoy their retirement in wealth and luxury, not poverty.

Looking to find the best information on how to Retire Wealthy and Retire Rich, then visit www.RetirementBusinessIdea.com  to  download a free book on how to Retire Rich and retire happy.







Start a Pension Scheme & Retire Comfortably

Very few people think about retirement, especially those who are just beginning their career. To them, retirement is still far away; that is if they think about it at all. We are quick to associate retirement with the elderly. In addition, we are caught up worrying about today that we forget to make provision for the future. For these reasons, many employees find it difficult to sustain themselves at retirement.

Retirement planning ensures that you continue to earn a reasonable income that enables you to lead a comfortable lifestyle even when you are no longer working. How then would you like to retire? One mistake employees make is that they think retirement planning ends once they have opened up a Retirement Savings Account (“RSA”). Your RSA guarantees that 15 percent (7.5 percent of the contribution from your employer and 7.5 percent from you) of your monthly emolument is invested towards your retirement, but this is only the beginning if you want to have a comfortable retirement. It all depends on what you want. To retire comfortably, you must consider the following:

Starting early

The most important key to retiring rich is to start saving as early as possible. Most young people are ignorant of this and do not take retirement seriously. They see it as something that is too distant, so they tell themselves they can make up for lost time by making more contributions in the future. The truth is that money doesn’t
work out that way. Your best friend as an investor is time.

To drive this point home, let us consider this scenario. Ese and Joke are both 40 and 21 years old respectively and both have a retirement age of 65 years. Ese saves $20,000 a year for retirement while Joke saves $5,000 a year, considering an annual rate of return for of 10 percent per annum for their investment. By the time they retire, Ese will have saved $400,000, while Joke will have $220,000. Yet because of compound interest, Ese would retire with $1.97million while Joke will retire with $3.26million more than double of what Ese made!

The essence of the story is clear enough: time is money and the time to start saving is now!

Creating a retirement plan

Proper planning is essential towards building a comfortable retirement. You must have a goal and a plan to achieve that goal. For example, how much do you want to earn at retirement? How much do you earn? How much can you afford to save? You can use a Retirement Planning Calculator to quantify your goals and targets. A retirement planning calculator is a very simple and useful tool to help you create a retirement plan; it helps you to calculate the amount to set aside now (monthly/annually) to meet a given goal in the future.

It takes into consideration your income, annual interest rate, your age and retirement age. The retirement planning calculator is very flexible and allows you to make adjustments to meet your goals.

We are talking here about setting aside money for your retirement – long term investing

Making voluntary contributions

Now that you have established your goals, it is important to put your money in an investment that will help you achieve that goal. As stated earlier, your RSA contributions might not be sufficient to sustain you at retirement, therefore the need to make additional investment. Investing involves some level of discipline. We are talking here about setting aside money for your retirement – long term investing. This poses the challenge of being disciplined enough to keep the money for that long. The Pension Scheme allows employees to make additional Voluntary Contributions (VCs) to their RSA. VCs have a number of benefits and employees can take advantage of this to save towards their retirement.

VCs as the name implies are made at the employees’ discretion. Unlike the RSA, there is no fixed amount. An employee can decide to contribute any amount they deem fit. Based on what you have worked out from the retirement planning calculator, you can decide to make contributions of a particular amount monthly as VC. The VC, like RSA is not taxed, giving you some tax relief. However, the VC becomes subject to tax if you withdraw from it five years before retirement. And, because the VC is deducted from source, you do not get to make the contributions yourself. This enables you to make consistent savings in a disciplined manner. You no longer count it as part of your salary just like your RSA. In summary, your VC helps you save tax, make disciplined and consistent contributions and earns you sustainable returns.

Although other investment opportunities exist, like investing in stocks, fixed deposit, bonds etc, we have focused on the VC as an investment that is dedicated to your retirement. Sticking to your plan It is one thing to start your plan, it is another to stick to the plan. Most people start off well, but as soon as they encounter financial difficulties they begin to think of their VC, and even withdraw irrespective of the tax implications. Retirement planning cannot be isolated from you some tax relief. However, the VC becomes subject to tax if you withdraw from it five years before retirement. And, because the VC is deducted from source, you do not get to make the contributions yourself. This enables you to make consistent savings in a disciplined manner. You no longer count it as part of your salary just like your RSA. In summary, your VC helps you save tax, make disciplined and consistent contributions and earns you sustainable returns. Although other investment opportunities exist, like investing in stocks, fixed deposit, bonds etc, we have focused on the VC as an investment that is dedicated to your retirement.

Sticking to your plan

It is one thing to start your plan, it is another to stick to the plan. Most people start off well, but as soon as they encounter financial difficulties they begin to think of their VC, and even withdraw irrespective of the tax implications. Retirement planning cannot be isolated from our personal financial planning. As we plan for retirement we must also plan to manage our resources to meet our immediate needs. If we want to be comfortable and enjoy a satisfying retirement then we must have a financial plan that makes it possible for us to have that kind of retirement. Here are some tips to help you manage your money to meet your financial goals and to help you stick to your financial plan:

  • Create a monthly budget

  • Do not spend more than you earn. Live within your means

  • Cut down on excessive and wasteful spending habits

  • Save, save, save

Looking to find the best information on how to Retire Wealthy and Retire Rich, then visit www.RetirementBusinessIdea.com  to  download a free book on how to Retire Rich and retire happy.




Retire Rich, Wealthy And Happy

Everyone dreams of being able to retire wealthy. The ability to sit back and relax as you spend the rest of your life in comparative financial ease is the dream of most. Very few people do not hope that they can escape the rat race ahead of the pack, and spend their retirement rich and happy. The peace of mind which can be achieved by knowing that someone need not worry about financial difficulties ever again is vastly underrated by many.

Too many retirees are forced back into work after they swore to leave the working sector because of problems paying bills. As people become older, their cost of living increase. Elderly people feel the cold more, so they need to turn up their heating systems. They are unable to walk as far, so they spend more on buses, subways, taxis and car journeys. The social calendar of the old is often envied by the young – but all these things cost.

Taking up hobbies like golf or knitting require the purchase of expensive equipment to play with or use. In short, the older a person gets, the more money they need. Too many people also underestimate their living costs on retirement.

Many people on retiring believe they have sufficient funds to live comfortably. But the money disappears too quickly for their liking. Overestimating, rather than underestimating, is best.

People who do not think this decision though often end up in trouble. Thankfully, the ability to think it through it helped by some advice from an intelligent advisor. Bibi Apampa has made her name as a chartered accountant, trainer, author and inspirational speaker. She specializes in helping the old save for their retirement, and what to do when they reach that age to make sure the money stored lasts while giving them happiness and fulfillment.

 

Apampa does this by educating the elderly to follow her basic plans. These can be utilized to make their retirement years happy and carefree. They plot a path to riches, happiness and good health – something everyone dreams of.

Her skill in accounting means she is well placed to help people manage their finances for a rainy day. With all the skill to secrete away money and keep it earning even when standing in a bank vault, the plans presented can grow a modest pension pot into something to live comfortably and happily on. Retirees need not cut back thanks to this advice.

With this advice, the happy retirement so many dream of is truly accessible. Lunches out every day, trips to the golf course and malls at any time of day and night, all these are simple. People spend their entire working lives living a monastic lifestyle for the ability to have a happy retirement. It should be lived once saved for.

People can retire wealthy thanks to this plan. They can be rich, happy and healthy in their twilight years. It is after all only just the beginning.


Looking to find the best information on how to Retire Wealthy and Retire Rich, then visit www.RetirementBusinessIdea.com  to  download a free book on how to Retire Rich and retire happy.



Retirement Savings Strategies for people in their 40s 

Most people aren't putting nearly enough into their retirement accounts to fund a secure retirement. The median value of retirement accounts, including IRAs and 401(k)'s, for workers between ages 65 and 74 in 2007 was $77,000, according to the Federal Reserve's survey of consumer finances. What's more, 42 percent of workers age 45 and older have total savings and investments of less than $25,000, according to a recent Employee Benefit Research Institute survey. Still, you may not need to delay retirement indefinitely if you have saved practically nothing for retirement in your 50s. Although far from painless, it's still possible for late starters to save enough for a reasonably comfortable retirement. Here are some strategies to ramp up your retirement readiness:

Become a super saver. It's feasible to accumulate a large retirement savings balance within a decade if you do some serious saving. For example, a 55-year-old who has no retirement savings and earns $80,000 a year could accumulate $444,610 by age 65, according to recent T. Rowe Price calculations. To achieve these results this retirement saver would have to save 27.5 percent of pay each year, earn a 3 percent annual raise, collect a 3 percent employer match, and reap 8 percent compounded annual returns. "There is hope and there are ways to do this," says Christine Fahlund, a T. Rowe Price senior financial planner. "You are going to need to cut back on your current lifestyle and continue to do that in retirement."

Take advantage of tax incentives. Workers age 50 and older can contribute up to $22,000 to a 401(k) in 2010, $5,500 more than younger workers. Older workers within certain income limits can also contribute up to $6,000 to an IRA, Roth IRA, or a combination of the two this year. Traditional retirement accounts allow you to avoid taxes on contributions in the years you're saving, but you must pay tax on withdrawals in retirement. Roth accounts don't provide immediate tax benefits, but withdrawals in retirement from accounts at least five years old are tax free.

Consider delaying retirement. You can get by saving less each year if you're willing to delay retirement. Consider a couple, both age 50, currently earning $75,000 annually who estimates they will need $55,000 worth of income each year in retirement. They will receive $35,000 annually from Social Security, but will need to come up with the other $20,000 annually on their own. To reach that retirement income goal, the couple will need to save 18 percent of their income until age 70, or about $13,500 annually, according to calculations by Chris Long, a certified financial planner for Long & Associates in Chicago. However, if the couple is willing to delay retirement until age 75, they could achieve the same retirement income by saving 12 percent of their income annually, or about $9,000 each year. His calculations assume an 8 percent rate of return and 3 percent inflation. "The longer you wait to start saving, the amount you need to save to be able to retire at all increases tremendously," Long says. "You will need to save a lot more because you don't have as much time to compound the growth."

Maximize Social Security benefits. You don't need to save enough to finance retirement entirely on your own. Social Security benefits provide a base for your saving to build upon. Get an estimate of your future Social Security income at ssa.gov. Also, consider delaying the age you sign up for Social Security benefits. Social Security payouts increase for each year of delay between ages 62 and 70. A $750 monthly check at age 62 could be boosted to $1,320 by waiting until age 70 to claim your due.

Downsize retirement expenses. Another way to make up for a lack of savings is to downsize your retirement expenses. Paying off a mortgage before retirement can significantly cut your housing costs. Some retirees also downsize into smaller homes or condos and pocket the extra cash, curb or sell one of their cars, or employ other frugal strategies to significantly decrease their cost of living in retirement. But watch out for new expenses in retirement including travel, leisure activities, and increasing health care costs as you age

Factor in a part-time job. If you're willing to work part time in retirement, you don't need to save as much, assuming you can find and keep a job. Just over a quarter of Americans between ages 65 and 72 were still working in 2008, according to the Census Bureau. Some 60 percent of the older workers were employed full time and 40 percent worked less than 35 hours a week.

Don't chase returns. Some people who haven't saved enough for retirement try to invest their way to their retirement goals. But the risk of failure using this strategy is high. "You really shouldn't take on additional risk and try to make it up that way," says Long. "There's no way you are going to be able to make some smart investment and play the game really well and make up for not saving." Chasing returns generally hasn't paid off for investors over the past decade, according to recent Fidelity 401(k) data. What has boosted 401(k) account balances is long-term participation in a retirement account, a diversified portfolio, and obtaining an employer match.