How to Save and Invest for the Future
by Steve Georgoulakis, CFP® on Monday March 17, 2025
Posted in Category: Wallet Workouts
Tagged with : Wallet Workouts
Posted in Category: Wallet Workouts
Tagged with : Wallet Workouts
Investing for retirement is a marathon so take it one mile at a time.
This week’s workout:
Save and Invest for the Future
- The road to retirement is paved with consistent saving, wise investments, and financial discipline…kind of like running a marathon.
- Making small efforts to save today — combined with the power of compound interest — can make a big difference when you cross the finish line at retirement.
- But it’s up to you to take the first step.
Mile 1
Set a consistent pace by saving or investing 10%-15% of your pretax pay for retirement.
Mile 2
Accelerate your investment returns through the power of compound interest.
Mile 3
Power up your retirement contributions when it’s easier – after promotions, pay increases or when you’ve paid off a debt.
Mile 4
Run your own race. In addition to saving in an employer retirement plan, go the extra mile and consider individual retirement accounts.
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