Investing in your future can seem like a large undertaking, and albeit important, does not have to feel earth shattering. There are plenty of ways you can invest your money without risking it all. Educating yourself and making right choices can lead you to a financially sound future. Read on to learn just how to do that.

Employer Match

The very first place you should start is with your 401(k). If your employer offers you retirement options, they more than likely has a company match program. This means that for up to a certain amount each year, your employer will match your contribution! If you are not contributing the minimum amount that they will match then you are missing out on free money. Talk with your Human Resources department to make sure you are on track to contribute enough to receive the full company match.

Invest is “safe” stocks

The stock market ebbs and flows and is not a guarantee on the money you put in, BUT there are investments that come with much lower risk. High-risk investments have big payouts if the company succeeds, but if it doesn’t you can suffer a huge loss. Investing in long-standing stable companies will yield growth, but not at the rate or amount a high-risk investment will.

This step all depends on the money you’re making and what risks you’re willing to take. Educate yourself on the different types of risk involved with a particular investment and plan accordingly.

Roth IRA

Look into setting up a Roth IRA. Roth IRAs are essentially accounts that you contribute to after taxes are taken from your paycheck. The money comes from your account rather than before taxes like a 401(k). A deal this sweet does come with stipulations, there are limits to the amount of money you can contribute, but if you are making the largest contribution you can yearly, it will add up very quickly over time. By the time you go to start withdrawing money at retirement age, it comes out untouched. You have already paid the taxes, so it is yours to take, tax-free.

Investing in your future is an important step in securing financial stability for later in life. By maximizing your investments, educating yourself, and making it a priority, your financial future will be secure. This leaves you to enjoy retirement and our years of hard work.