By Terry Savage on July 19, 2018 | Investments

Best advice for new investment plan toward retirement for a 43 year old with wife and child. I have a deferred comp program with employer and contribute about 7% of salary. I know absolutely nothing about investing.

Terry Says

Then, it’s time to start learning. No one cares as much about your money as you do! So contribute the max to your employer plan — especially up to the limit that your employer matches. The plan should provide literature about diversifying among the fund choices offered.
Then save OUTSIDE your company plan. You need a pool of conservative cash to allow you to stick to your regular investment plan — even when the markets are sharply lower.
At this stage of your life, you might benefit from a consultation with a fee-only investment advisor. Find one at That will give you perspective not only on investments, but on life insurance, taxes, college for children, etc.
Then educate yourself about the financial markets, risk/reward, and planning by reading any number of good books. Mine is available on –here.

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