Baby Boomers are Finally Getting It
Many Baby Boomers (born 1946-1964) are starting to realize they have not saved enough for retirement. According to this article, approximately 45% of Baby Boomers have NO SAVINGS for retirement. Hello?
Of the remaining 55%, the median average is $100,000.
Looking into the future, these Baby Boomers will be facing increasing costs for health care. Estimates range upwards of 1/3 of their retirement income will be spent annually on medical expenses.
The article’s advice to younger generations is:
Start saving earlier. The sooner you start the longer the money has time to compound and grow in value.
Save more aggressively. Here the point is to maximize your 401(k) contributions to get all of your employer’s matching funds.
Make better use of retirement funds. Max out your contributions, if you are over 50 make the additional $6,000 annual contributions. Once you have max out the 401(k) turn to your IRA and continue your contributions as much as you can. Can you really save too much?
It’s not too late and whatever action you can take today will help your future years.
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Realize your Dreams, Goals and Retirement
Headquartered in Eden Prairie, MN., SaveNotes, LLC provides a unique alternative to stocks, bonds and CD’s by providing fixed income with high return, while remaining easy to invest.
SaverNotes pays interest to its investors based on a variety of available investment amounts and maturity dates. SaverNotes have no fees or expenses and are available for any Minnesota investor. Current rates range from 3.00% to 6.00% based on terms of two to five years. Investors can also invest through their IRA account.
Regular | $2,000 + |
IRA | $25,000 + |
Term | Interest Rate |
2 Year | 3.00% |
3 Year | 4.00% |
5 Year | 6.00% |
Learn about how this investment fund was made possible through our investment partnerships and our experienced legal, wealth management, banking and accounting advisors at www.SaverNotes.com.