Retirement Ready: How to Start Saving
and Investing Now for a Secure Future

The earlier you start saving for retirement, the more you’ll benefit from the power of compound interest! In this session, we’ll dive into the importance of starting your retirement savings journey as a young adult and explore the best strategies for building wealth for the long term.

We’ll discuss various retirement savings options, including employer-sponsored 401(k) plans and individual accounts like Roth IRAs, and how to ensure you’re maximizing your employer’s contributions. Learn about different ways to invest, such as building your own portfolio, working with a financial advisor, or using a robo-investor app.

Additionally, we’ll cover key topics like portfolio diversification to reduce risk, the tax implications of contributing pre-tax vs. after-tax (Roth) money, and the strategies that can help grow your savings over time. By the end of this session, you’ll have a clear understanding of the different retirement options available and how to start building your retirement savings now, no matter where you’re starting from.

  1. Current Income and Employment Information:
  • Your current salary or income details to understand how much you can realistically allocate to retirement savings.
  • Information about your employer’s retirement benefits (e.g., 401(k) matching, contribution percentages, and eligibility).
  1. Details on Any Existing Retirement Accounts:
  • If you already have a 401(k), Roth IRA, or other retirement accounts, bring information about those (such as balance, contribution limits, and performance) to discuss optimizing your contributions.
  1. Investment Preferences or Goals (Optional):
  • A rough idea of your investment preferences, such as risk tolerance or interest in different investment types (stocks, bonds, real estate, etc.).
  • If you’re unsure, that’s okay—this session will help guide you in exploring different options.
  1. Questions About Retirement Planning:
  • Any specific questions about retirement accounts, tax implications, or how to balance saving and investing at your current life stage.
  1. A Financial Organizer or App:
  • A budgeting app or spreadsheet that tracks your income and expenses will help you determine how much you can afford to save for retirement each month.
  1. A Note on Your Retirement Goals:
  • Think about when you’d like to retire and what kind of lifestyle you envision. This will help frame your savings strategy and investment plan.
  1. Pen and Paper or Device for Notes:
  • Bring a device or notebook to jot down key strategies, tax information, and other insights from the session.

Having these details ready will help you better understand your options and get started with a personalized retirement savings plan.

CONTACT

1345 Grace Ave.

Cincinnati, Oh 45208

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