Successful Retirement Savings Starts with the Right Plan
Investing for retirement is more strategic than opening an IRA, maxing out your 401(k), or even relying on Social Security. The average Social Security benefit is less than $13,000 a year1, and it's questionable whether the plan will continue to be funded in the future. If you want to retire, you're going to have to take proper saving and investing into your own hands. Fortunately, we're here to help. Here are some strategies to consider:
- Start with the tax-deferred retirement plan offered through your employer
- Do your best to max out your retirement accounts — both employer-sponsored plans like 401(k) accounts and IRAs
- Don't stop there; put extra retirement savings into a taxable brokerage or deposit account
- Diversify your assets* with a mixture of stock, bonds and mutual funds, and get exposure to domestic and international markets
- Start saving now — the earlier you start, the longer your investment has to accumulate earnings and appreciate in value
- Always ask for help because a Financial Consultant can help you pick suitable investments to help you meet your retirement goals
*There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
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Financial Consultants are registered with and securities are offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its affiliates. Financial Partners Credit Union and Financial Partners Wealth Management are not registered broker/dealers and are not affiliated with LPL Financial. The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following state: CA.