Retire Rich in 5 Simple Steps
5 Simple Steps
- Start now.
- Save more.
- Take full advantage of employer contributions.
- Allocate your assets to make bank in the stock market.
- Don’t rely on someone else to do it for you.
Retirement Advice:
- Keep costs low.
- Take a long-term view.
- 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).
