When investing for retirement, Jim Cramer wants you to remember that there is no such thing as a get-rich-quick scheme. That is why he advised that most reliable way to make money grow is to do so slowly and with prudence.
But too much caution is also bad news as well.
So, when it comes to retirement, Cramer does not want investors to hide their money and cling to safety with the assumption that there will be enough money to retire. A little risk in stocks with higher returns will ensure a wealthy retirement.
Conventional wisdom teaches that investors need to reduce as much risk as possible when investing retirement money. However, Cramer disagrees.
"When you, either in your 401(k) or your IRA or just your discretionary investing account, put money into things like Treasury bonds or stable value funds, you're effectively taking that money off the table. You're saying, this money — I'm not going to use it to generate more wealth, I just want to keep it safe," the "Mad Money" host said.