Build Your Financial Future
Build Your Financial Future is your guide to setting goals and making them a reality. You’ll learn how to make saving for retirement and other financial goals a habit. You’ll also discover the key to financial success: avoiding debt, building an emergency fund, and creating a plan for when life takes you off track.
It’s important to have short-, medium-, and long-term goals in order to have the most control over your finances. For example, short-term goals might include setting a budget and eliminating debt, while medium-term goals might include buying a home or establishing an emergency savings account. And for longer-term goals, you might want to consider insurance policies or planning for retirement.
Build Your Financial Future with Smart Investing
When it comes to setting your financial goals, the key is to make them SMART: specific, measurable, attainable, realistic, and time-based. And once you have your list of goals, put them into priority order. If you don’t feel you can meet a certain goal at the moment, rewrite it with more flexible terms or consider moving it to your wish list for later.
Of course, the most important and longest-term goal is saving enough for a comfortable retirement. It’s usually recommended to save 10% to 15% of every paycheck in a tax-advantaged retirement account like your 401(k), 403(b), or Traditional/Roth IRA. The earlier you start, the more your savings will grow over time with compound interest. You may even want to consider working part time in your retirement and delaying taking Social Security benefits, if you can afford it.…
