What is the best way to save for retirement?
Take away your options. For many people, studies find, that’s the best option. Having money taken out of your account, or paycheck, before you have access to it, before you’ve developing a relationship and sense of ownership for it, may be the best way to go. “Most people don’t want to save on their own, so if they are forced to save, like with a 401(k) or something like that they do much better,” says Brett Goldstein, Director of Retirement Planning at American Investment Planners. He says there is an internet full of information to lead your research on the best option for you, but says it’s critical to your future quality of life that you find one. “The more options, the more things you can do to save, whether it’s an IRA or a 401 (k), or whether you chose to do both if you can afford to, you just have to doing something. Pick one and go for it.”