- How can I start investing for my retirement?
- How can I plan for my children's education?
- How do I develop an investment strategy that supports my lifestyle?
- I have money to invest. Where do I begin?
- As a business owner, how do I plan for my own and my employees' needs?
- How can I lower my tax bill?
- How can I ensure the financial security of my family?
- How can I ensure that my wealth is transferred to my loved ones?
- How can I manage my short-term needs while maintaining my long-term financial goals?
CHOOSE BY LIFE EVENT
HOW WE APPROACH YOUR NEEDS
Early Investing Years
Start Saving As Soon As Possible
If you're just beginning your career, you have the power of time and compounding interest on your side. When you start saving early, you give yourself more options, and your investments have more time for potential growth.
Young Family
Take, for example, a married couple in their early 30s, who both work and are expecting their first child.
He contributes to his 401(k) and receives the company match. He has also rolled the 401(k) money from his previous company into an Edward Jones IRA so he could have more investment choices and receive personal service. As a municipal employee, she contributes to her 457(b) retirement plan [similar to a 401(k)] and receives a small match.
After developing a budget, they decide to increase their monthly retirement savings each time they get a pay raise.* To save more for retirement, they plan to open Roth IRAs next year after they pay off high-interest credit card bills. Once these are paid off, they will use a low-interest credit card and pay it off each month.
They also plan to take their retirement plan information to their Edward Jones Financial Advisor each year for recommendations on which investments to select.
Strategies For Early Investing Years
- Roth IRA
- Rollover Into an IRA
- 401(k), 403(b), 457(b)
- Low-interest Credit Card
- Monthly Investing
- Develop and review a monthly budget
- Avoid and reduce high-interest debt
- Review your annual Social Security statement to make sure it matches your W-2
Six steps to developing a strategy for retirement.
Start here »Ask For a Complimentary Retirement Plan Review
For a complete, personalized report and recommendations on how to help make your retirement goals a reality, contact your local financial advisor.
