A Quote by John C. Bogle

Working for company X and having a substantial portion of your retirement plan in company X is simply exposing yourself to too much risk, because the company is both your employer and the source of your retirement income. So if something goes wrong, you lose both your job and your retirement plan.

John C. Bogle

Quote Topics

Because Both Company Employer Exposing Exposing Yourself Goes Having Income Job Lose Much Plan Portion Retirement Risk Simply Something Source Substantial Too Too Much Working Wrong Your Yourself

Quote Author

John C. Bogle
American - Businessman
May 8, 1929 - January 16, 2019

The truth is, if you are a woman saving 10% of your income for retirement, and you put it in the bank account, your chances of retiring well - living on 90% of your pre-retirement income for your full life - is 0%.

Sallie Krawcheck

You, your employer and your plan's investment managers fail to follow even the most basic rules of investing. You overtrade, chase performance, do not think long term. All of you - All Of You - have done a horrible job managing your retirement plans.

Barry Ritholtz

If you depend on your company to take care of your retirement, your future income will be divided by five. Take care of it yourself, and you can multiply your future income by five.

Jim Rohn

If you're just starting out in the workforce, the very best thing you can do for yourself is to get started in your workplace retirement plan. Contribute enough to grab any matching dollars your employer is offering (a.k.a. the last free money on earth).

Jean Chatzky

People look at things differently. Imagine going to a village in Southern Sudan and try to explain to someone there the concept of life insurance or retirement. Go to Vietnam and say retirement. Retirement in another country is your body is too racked with pain and your hands are too arthritic from the life in the rice patty fields, so you can't work anymore. So you move in with your son and his new wife takes care of you because that's how families work there.

Henry Rollins

Your retirement comes before your children's tuition. That's because there's no financial aid for retirement, and there's still a good deal available for college.

Jean Chatzky

Your manner of life now is already determining your life in those years of old age and retirement, without your realizing it even, and perhaps without your giving enough thought to it. One must therefore prepare oneself for retirement.

Paul Tournier

Take care of yourself: When you don't sleep, eat crap, don't exercise, and are living off adrenaline for too long, your performance suffers. Your decisions suffer. Your company suffers. Love those close to you: Failure of your company is not failure in life. Failure in your relationship is.

Evan Williams

In your company or industry, work every job in that industry. It's the only way of having a complete understanding of your people and your company.

John Catsimatidis

Use visual cues to prompt yourself to put away more. A photograph of the beach house where you and your husband can envision spending your retirement will remind you to bump up the contribution to your 401(k); a snapshot of your child in a college sweatshirt can encourage you to put more into a 529 college savings plan.

Jean Chatzky

The risk of working with people you don't respect; the risk of working for a company whose values are incosistent with your own; the risk of compromising what's important; the risk of doing something that fails to express-or even contradicts--who you are. And then there is the most dangerous risk of all--the risk of spending your life not doing what you want on the bet that you can buy yourself the freedom to do it later.

Randy Komisar

Take free money. No matter how in debt you are, if your employer offers a matching contribution on a 401(k) or other retirement vehicle, you must sign up and contribute enough to get the maximum company match each year. Think of it as a bonus.

Suze Orman

Your wealth is the value of your assets - your retirement accounts, your home, the unsold stocks - minus your debts, like your credit-card bill and your mortgage.