This content has been archived. It may no longer be relevant

PRIOR PLANNING PAYS ™

Part 2 of 5: 20s & 30s

Planning for retirement is a lifelong process.  Be on the lookout for your age for steps you should be taking right now.  And remember, everyone over 18 should have a living will.

Your 20s

• Pay off credit card debt and college loans.
• Contribute the maximum amount to your retirement plan.
• Don’t have much money?  Don’t worry.  Time is on your side.  Start saving now!
• Invest in growth stocks and mutual funds.  You can afford the risk.

Your 30s

• Buy disability insurance to protect your paycheck.
• Open an IRA – Traditional or Roth.
• If you get a bonus or an inheritance, save at least 80%.

Copyright 2017, Campbell & Company, CPAs, PA

Investment Advisory Services offered through Retirement Wealth Advisors, (RWA) a Registered Investment Advisor. Campbell & Company and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.

Information is general in nature and is intended as a guideline.  Consult with your financial advisor to to customize and monitor your financial plan.