[Promo] Retirement Savings vs. Personal Savings

[Brad Scherer]

The two main advantages to a retirement savings account are 1) full amount
contributed to a retirement account is pre-tax and 2) growth in the account
is tax deferred. As you can see in the chart above, the individual who is
contributing $5,000 per year in his/her retirement will end up with an
account balance of $106,583 more or $14,248 more in income. In both cases,
it is your money. Pre-tax accounts will growth faster and larger than the
same investments in an after tax personal savings account.

 

Although it is important to start contributing to your retirement at an
early age, there is never a wrong time to get started. Every retirement
situation should be analyzed by a professional in order to reach each
individual's specific needs.  We specialize in formulating the correct plan
for your own retirement goals. You may be contributing now to your plan. Let
us sit down with you and calculate if you need more or less to reach your
goal.

 

Brad Scherer

Klerer Financial Services, Inc.

3272 Merrick Road

Wantagh, NY 11793

(516) 409-5500 ext. 115

(516) 409-6100 (fax)

 <mailto:brad at klerer.com> brad at klerer.com

 <http://www.klerer.com/> www.klerer.com

 

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