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Start Your Retirement Plan NOW
While we’re tempted to mention something about “an early bird,” here, we promise we’ll resist; but we are going to emphasize the value and importance of taking your retirement nest egg seriously and to start saving TODAY.
It's common sense: the longer you save and invest, the better your chances at having enough money to retire when you want to.
We know why you may not have started this yet. The choices you have to make can seem daunting – too much to know and too hard to understand. It seems like we all have lives that move 100 miles per hour. Taking the time to figure out a savings plan for something you won’t need for 25 or 30 years clearly gets moved to the bottom of your priority list.
We’d like to show you that it’s not as hard as you think, and if you take a few minutes to start now…you’ll be really glad you did later.
Don’t be a statistic
Did you know that 53 percent of Americans over age 65 live on less than $15,000 a year, according to 2002 income data issued by the U.S. Bureau of the Census? More than half! Now, we may be stretching a little, but we don’t think it’s because all of them want to.
Here’s a Plan
We’ll make it easy for you.
- Make the decision to start today. See? That was easy.
- When you go to work, find out what your employer offers for your retirement and find out how you can get in to that plan. If you’re already in a plan, ask yourself if you’re putting away the absolute maximum you can.
- Open an IRA. It may be traditional or Roth, deductible or not, the details aren’t important because your financial professional can show you the solution right for you.
- Pay yourself FIRST. Take your retirement and savings dollars off the top of your paycheck and make your future your priority.
- bottom line is that you need to start saving and investing as soon as you can. Act now: make a plan, stick to it, and ask for help if you need it.
Sources: Administration on Aging; A Profile of Older Americans: 2003, U.S. Bureau of the Census 2000; Social Security: The 2001 Annual Supplement to the Social Security Bulletin and Social Security Basic Facts
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