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Simple IRA Application Manning & Napier Rochester, NY  Form

Simple IRA Application Manning & Napier Rochester, NY Form

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The most important thing to remember when making IRA investment decisions is that the earlier you start saving, the faster your money will grow. A dollar well-invested in your 20s or 30s will multiply much more by retirement age than a dollar invested in your 40s, 50s, or 60s. This concept of compounding means that to reach your savings goal when you'd like to retire, you have to put aside less money the earlier you start. Starting your retirement savings program early is the way to go, but starting now is essential the older you are. The next concept to keep in mind is diversifying your investment portfolio. It can help you reduce the risk of loss and maximize returns. This means spreading your investments over different types of investments and a variety of firms; "don't put all your eggs in one basket." Look for information about investments with proven, verifiable track records by taking advantage of the wealth of information on the Internet. A ste

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