7 Commandments for Retirement
2. Increase Investment as Your Income Grows
Most employees do not even think about stepping up their investment amount when there is a hike in their salary. We all are more than aware of the escalating inflation rates and how the hike in our salaries gets nullified by the increased cost of living. However, this can adversely affect your retirement plans. It is extremely important for you to maintain a retirement savings rate of 10 percent so that your retirement plan does not go haywire. The trick is to always upgrade your retirement stash whenever you get a raise, tax refund or an annual bonus. You should allocate halt of such amounts to your retirement plan.
