11-14-2013 07:20 AM
Sean Grindall, assistant vice president, Retirement and Wealth Solutions
By Sean Grindall, assistant vice president, Retirement and Wealth Solutions
At age 18, I felt a sense of liberation when I started making my own money. I recall studying deductions taken from my first monthly paycheck and wondering if they were fair, given my modest wage.
Every dollar in my pocket mattered and helped fund my next great adventure, purchase or whimsical desire.
Fast forward to my 40s, and how things have changed. The competing demands of a teenage son five years away from college, aging parents, and the mortal realization that I cannot work forever scream out that saving for tomorrow is important.
According to the 2013 Employee Benefit Research Institute's Retirement Confidence Survey, only 57% of American households are saving for retirement today, and 28% have less than $1,000 saved. Volumes of additional statistics are available to shed light on the importance of building a retirement savings plan.
Essentially, we need to find incremental ways to spend within our means and save for tomorrow. The path to success can start with a simple plan.
|Retirement – Getting Started|
When should you start planning for retirement? USAA provides retirement advice and explains the benefits of saving early to grow your retirement fund. Starting early makes retirement look a whole lot sweeter.
That's where USAA comes into play. Because of our mission and capabilities, we are in a unique position to help you like no other company can. We take that seriously.
The USAA Retirement Center provides digital access to retirement planning tools, guidance, education and solutions that can be personalized based on your needs. The idea is to help you develop a retirement savings plan that can help you achieve your goals. After doing that, you'll receive a plan of action to help you address key points vital to your financial future.
I wish I had been given a resource like that when I was younger. Though retirement wasn't even a blip on my radar when I was 18, it became much more important as I entered my 20s and 30s. The USAA Retirement Center would've been a great way to help me get started on the monumental task of saving for the future.
You're the lucky ones. So get started. Visit the USAA Retirement Center on your desktop, tablet or smartphone.
Let us know what you think about it by sharing your comments here. We'd like to know what's working.
Originally posted on Nov. 07, 2013
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