Retire Rich in 5 Simple Steps

Retire Rich in 5 Simple Steps

5 Simple Steps

1. Start now.
2. Save more.
3. Take full advantage of employer contributions.
4. Allocate your assets to make bank in the stock market.
5. Don’t rely on someone else to do it for you.

Retirement Advice:

1. Keep costs low.
2. Take a long-term view.
3. Pick market-beating stocks you can hold for “at least five years.”

Sivy says …
Like any good financial columnist, Sivy has suggestions. In his 2005 column, he listed Amgen (Nasdaq: AMGN), Cisco Systems, FedEx (NYSE: FDX), Intel, Lowe’s, General Electric, Johnson & Johnson, Procter & Gamble (NYSE: PG), Raytheon (NYSE: RTN), 3M, Citigroup, DuPont, Pfizer, and Sara Lee. In 2006, he narrowed that list to GE, P&G, Applied Materials, Burlington Northern (NYSE: BNI), JPMorgan, Anadarko Petroleum (NYSE: APC), and FPL Group (NYSE: FPL).