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Have
you been putting off saving money?
Do
you think you should be saving more?
Accumulating
wealth, no matter how old you are when you start requires:
-
A long-term investment strategy.
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A commitment to seeing that strategy through.
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An understanding of your tolerance for risk.
As you go through various stages in life – having
children, buying a home, raising a family and paying
for college – your ability to set aside money will
fluctuate. This fluctuation must be factored into
any long-term accumulation strategy you develop.
People today are retiring earlier and living longer.
Where the concern was once accumulating sufficient assets,
it is now making sure those assets last a lifetime.
But you have other asset accumulation concerns too:
-
Helping children afford college costs
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Taking advantage of the equity markets without undue
risk
of loss
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Managing cash-flow and debt.
The bottom line?
You need an effective plan to set aside money for the
future. A plan that is consistent with your investment
objectives, time horizon and comfort level, and will
not jeopardize your current lifestyle.
The answer:
Save early and often, and
practice solid investment management – Asset Allocation.
Asset Allocation
simply means you “allocate your
assets among a variety of investment choices to help
protect against market ups and downs.
Investment funds
can be allocated among a number of accumulation vehicles,
including:
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Fixed annuities, which pay a guaranteed rate of return
and accumulate tax deferred.
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Variable annuities, which allow you to choose how
your money is invested according to your risk tolerance. Variable
annuities also accumulate tax deferred.
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Mutual Funds, which allow you to accumulate money
according to your investment risk tolerance. Most
mutual fund families offer a range of conservative,
moderate and aggressive investment choices.
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Life Insurance Cash
Values, which accumulate tax
deferred and which can be used to help pay for such
things as college costs or to supplement retirement
income.
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Stocks, bonds, money market funds, CDs, etc.
Where are you saving money?
Are you paying income taxes on your earnings?
Would
you like to earn more?
The right plan can
help protect against market fluctuations and may
result in greater wealth over the long term.
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