Planning for Your Retirement

Every major financial decision you make impacts your retirement.
The average life expectancy continues to increase which means you may spend 30 years or more in retirement. That makes ongoing planning, including starting early and shifting your approach as you get older, extremely important if you want to maintain your purchasing power and live a long, comfortable life.

Here at Barnum, we recommend the following key steps to take at each stage of your career and into retirement.

Making the right moves now can put you in a much better position when that day comes.

Here are some tips:

  • Create a budget and stick with it.
  • Establish an emergency fund.
  • Develop a disciplined approach to saving.
  • Put the power of compound interest to work for you.
  • Leverage your employee benefits, such as 401(k) plans and company match.
  • Consider opening an individual retirement account (IRA).
  • Become a student of investing.
Making the right moves now can put you in a much better position when that day comes.

Here are some tips:

  • Create a budget and stick with it.
  • Establish an emergency fund.
  • Develop a disciplined approach to saving.
  • Put the power of compound interest to work for you.
  • Leverage your employee benefits, such as 401(k) plans and company match.
  • Consider opening an individual retirement account (IRA).
  • Become a student of investing.

Find out how to secure your financial future

Achieving your financial goals doesn’t happen by accident. It takes patience and planning to create the kind of possibilities that money can buy.