Retirement Planning

Family birthday celebration
Getting Started


You may have just started working but there's no better time to think about setting up a retirement fund than right now. This is a great time to take advantage of the power of compounding. Starting to save today is the easiest way to ensure a comfortable retirement in the future.

Develop a discipline for saving and stick to it
Retirement is a long way off, and it’s easy to spend your money on more immediate needs like rent, student loans, or a new car. But developing the discipline now to save for your retirement is one of the best things you can do for yourself. Don’t just save whatever money you have left over each month; instead, consider a plan to save a percentage of your monthly salary to invest in your future.  Saving smaller amounts throughout working years lets you avoid having to play catch-up later.

Use the power of compounding
Time is on your side.  The sooner you start to save for retirement, the greater your opportunity to take advantage of the power of compounding. 

Take advantage of retirement savings vehicles available to you
Many employers offer retirement plans, such as 401(k)s and 403(b)s.  With these plans, employers often match employee contributions up to a certain percentage of the employee's annual salary.  By not participating in your employer’s plan, you forgo its contribution and can't take advantage of saving pretax dollars.