Managing Director, Vanguard Institutional Investor Group
Don’t be spooked when you start planning how to save for retirement. Vanguard managing director John James explains two easy steps to help investors get started.
Cozy up to your employer retirement plan
Video length: 0:56
Producer: So, how we doing today?
John James: Pretty good, pretty good. Not bad for a Monday. (smiles)
Question (on screen): What’s your best advice for someone saving for retirement?
John James: Best advice for someone saving for retirement, two things I would think about. The first one is to take advantage of an employer retirement plan. If there’s a match, to be able to match that, that is just a must do. So that’s the first thing.
The second thing I would think about if there was a target-date fund within the retirement plan, I would absolutely think that through as an investment strategy for the long term. It’s built purposefully to match your time horizon. It’s fully diversified. That would be my advice.