How to protect yourself against the problem with public previdency 3

In the last post, I mentioned some of the questions one should ask himself regarding his income after retirement. I also suggested that a worker should first learn about investment. One of the long term investment options a worker should consider is a mutual fund. There are different types of mutual funds. Before investing in any type of mutual fund, you should find out the their track record and the return on investment over a long period of time. It is understandable that any type of investment carries some risks with it, however, the most important indicator is the long term performance. In this respect, you should find out which mutual fund gives you the maximum return over 10 years of period. Remember that you are investing this money for retirement. Therefore, it should be left to accumulate. The effect of compounding interest on a long term investing is enormous. 

     For example, one calculation done by Ramsey Radio broadcast shows that $30,000 in a mutual fund can yield about $1 m tax free after 30 years of invesment. That means that you can easily retire as a millionaire. The other information you should get is the tax issue. You must verify the investments and their respective tax codes. Long term investments generally have low tax when compared with short term investments. There is no reason why you should not retire rich. It only depends on you!