While Dave's Investing Challenge series has officially run its course, there is no reason for you to cut back on your investing just because the calendar is turning to another year. Take advantage of the momentum you've built this year to really make a difference in your future! More Money for Retirement By adding $300 to your monthly investment for one year, you have potentially added $122,000 to your nest egg after 30 years at the stock market's historical average rate of return. Keep it up another two years, and you'll have an additional $327,000 after 30 years.
But if you make that $300 a permanent part of your investing plan, you could have an additional $1 million for retirement after 30 years! Retirement Savings Is a Never-Ending Challenge But the Investing Challenge isn't just about the bottom line—it's about building habits that will benefit you for years to come.
Building a sufficient retirement nest egg takes planning, commitment and a bit of sacrifice. But most people don't have what it takes, and it shows. More than one-third of workers believe $250,000 will be enough to support them through 20-plus years of retirement. Even worse, 66% of workers have less than $25,000 in retirement savings.
Through the Investing Challenge this year, you've shown you are committed to reaching your retirement goals. You know that sacrificing now for a more secure future isn't that difficult. You do have what it takes, and all you have to do is make it a permanent part of your lifestyle. You won't regret it. Be Confident About Your Future Have you heard about the "new retirement"? Basically, no one will be able to retire until they're 80, and they'll still need a part-time job.
But many actual retirees have a much brighter outlook. They're confident they have the savings they need in part because they increased their contributions to their retirement funds whenever they were able. Does that sound familiar?
The stock market will always have its ups and downs. "Experts" will always be ready to proclaim a "new retirement." But only you have control over how much you invest—and simply increasing that amount can result in a better retirement than nearly any other action you can take.  | |  | Make It Happen With Expert Advice The key to successful investing is to have a plan you can stick with. Dave's investing Endorsed Local Providers (ELPs) are experienced investing professionals who will help you get started the right way, so you can keep it up long-term.
Find your ELP today!
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