Rational Investing

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9 October 2017

Doing It When You're Young


Tsk, tsk....this may not be what you thought it was about.

The sooner you start, the better the outcome. We recommend putting 10% to 15% of your income into retirement accounts, as most of your retirement assets will be up to you. When you are young that is a considerable amount-an amount that calls for a well-disciplined lifestyle and a budget to which you have committed. But then as your income grows that same percentage will become less and less burdensome, eventually not even something that you will be concerned about. By investing in a 401(k), 403(b), or an Individual Retirement Account (IRA), you can reduce your taxable income, increase your money for retirement, and decrease your dependence on Social Security. You are saving money because you are paying taxes on the lower income level. If your employer offers matching contributions in your workplace savings plan, take it.

The sooner you start, the better the outcome. We recommend putting 10% to 15% into retirement accounts, because a lot of your retirement savings is going to be up to you.

Not certain about choosing among the various assets in a retirement plan the ones that will best serve your situation? We can help. Our service is free to clients and their family members. There is a nominal fee for all others. We will meet personally with you to:

  • Determine your risk tolerance
  • Review the plan's investment choices
  • Recommend the allocation that is best for your circumstances

Note that we are fiduciaries and do not sell any financial products, thereby providing you with objective analysis and recommendations.

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