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October 19, 2022
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.
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.
Note: All investing is subject to risk, including the possible loss of the money you invest.
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