Save Your Sanity by Saving Early

1
Save Your Sanity by Saving Early

• By Bill Stewart

2
The Facts About Retirement

• 30 of Americans have not put any money aside
  specifically for retirement.

• Of those with 401(k) coverage available 1/3 do
  not participate.

• The average persons retirement fund runs out
  early, leaving them in financial crisis in their
  old age.

Click here for a great guide to retirement living
3
How Can You Avoid This?
Do not rely to heavily on company retirement
plans or pensions.
Know the limitations of the Social Security
program.
And, most importantly
Start Saving Early!
Click here for financial advice
4
Limitations of Company Pensions
In the past year, the average number of years an
employer stayed at a single company was only 3.5.
Due to this, employers no longer want to get
locked into providing expensive guaranteed
pension plans.
Click here for a report on company pensions
5
Insecurity of Social Security
Through Social Security, each generation of
employers pay the benefits of current retirees.
However, the retired population is now growing at
a much faster rate than the working population.
At this rate, the system will quickly become
unsustainable.
Click here for the official Social Security
website
6
Saving Early The Only True Solution
The only way to avoid the previously mentioned
problems is to begin saving for retirement as
early as possible.
The following example will show how much you can
benefit from getting a simple head start
Click here for information on retirement
worksheets
7
Saving Early An Example
A 22 year old college graduate manages to get a
job with a 35,000 annual salary right out of
school.
He plans on retiring in 38 years.
If he starts immediately, he only has to save
4,600 a year just 5 of his future salary.
Click here for an informative article on the
highest paying college degrees.
8
Saving After 10 Years
With only 28 years of saving time left, he must
pay a much larger amount of 10,600 annually if
he expects to retire on time.
Click here for more great career info.
9
Longer Wait Larger Payments
Waiting longer creates more problems and even
larger, more crippling payments.
Click here for a retirement calculator.
10
The Chart Speaks for Itself
Click here for savings info.
11
In Summary
Waiting to save can only cause problems, and no
one wants to put aside more of their hard earned
money than they have to.
Saving early ensures that you will be able to
enjoy your earnings for the entirety of your
working career, and live the rest of your life in
financial security.
Click here for info on how to gauge how much
money you will spend during retirement.
12
Dont Fall Into the Trap!
Start Saving Now!
Click here for info on how to save your money.
13
Sources

• Guide to Retirement Living. (http//www.retirement
  -living.com/).
• Reasons to Start Early. Retirement Resource
  Center. (http//personal.fidelity.com/planning/ret
  irement/saving/content/reasons.shtml).
• How Much Should You Save for Retirement? Play
  the Percentages. Schwab Center for Investment
  Research. (http//www.schwab.com/SchwabNOW/SNLibra
  ry/SNLib123/SN123Article/0,5637,8667C7592,00.html
  ).
• Retirement Take Steps to Enjoy Your Longest
  Holiday. Financial Standard. (http//www.eastanda
  rd.net/financialstandard/reports/rep001.htm).