Week 6 – How to Save and Invest for the Future
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.
Join us for 7 Wallet Workouts
ACHIEVE FINANCIAL FITNESS LIKE NEVER BEFORE!
Jan. 3 Have a Financial Game Plan
Jan. 10 Spend Less than You Earn
Jan. 17 Save for Emergencies
Jan. 24 Use Debt Responsibly
Jan. 31 Protect Your Life, Loved Ones & Possessions
Feb. 7 Save and Invest for Your Future
Feb. 14 Rest & Recovery
Feb. 21 Prepare Your Legal Documents
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