Suze has three rules for retirement:
1. Don't panic when the market goes down. Suze says the most important thing you can do in a bad economy is to stay calm—especially if you have at least 10 years until retirement. "There's a big difference between 29 and being 56," Suze says. "Now is not the time to stop investing in your retirement account."
2. Keep investing monthly in your 401(k) or IRA. Suze recommends making regular payments to your 401(k) or IRA retirement account. "Guess what? Your money buys more shares. The more shares you have, the more money you're going to make by the time you are your mother's age," she says.
3. If you need the money within 5 years, take it out of the stock market. Another important idea Suze emphasizes is that any money you will need to spend—on a house, on college tuition—within the next five years must be invested conservatively. "That is not money that belongs in the stock market," she says. "It never has. It never will. The money that's in the stock market is money that you don't need. ... Because [to be in the stock market] you need time on your side, so that when something like this has happened and the market goes all the way down, it [has] time to recover."
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