CFO Jimmy Patronis: Solidify Your Savings Plan During National Retirement Security Week
With recent reports indicating that approximately one-quarter of non-retired Americans have no retirement savings, Chief Financial Officer (CFO)
CFO
4 Tips for Retirement Planning
1. Don't let your savings be an afterthought. You'll be more likely to save money if you make it a priority for yourself and your family. Sit down and figure out how much you'd like to save for retirement and then map out your retirement plan.
2. Solidify your retirement plan. By setting specific savings goals you can take away some of the fear of saving for retirement and turn it into an attainable amount of money later. Consider speaking with a licensed and trusted financial adviser to help build your plan.
3. Research types of retirement accounts. Whether it is a 401(k) through your employer or a Roth IRA that you contribute to monthly after-tax. Do the research to find the best account for your retirement goals because not all savings accounts are the same.
4. Save more and save often. Savings can help you achieve any financial goal, put away a little today for a brighter tomorrow. Keep track of everything you spend for a week. You might be surprised what you're buying, and what you can do without.
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About CFO
Chief Financial Officer and State Fire Marshal
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