By SJS Investment Services Senior Advisor Andrew Schaetzke, CFP®.
Having the money to save more can be a welcome and exciting feeling, allowing you to better prepare for your future while also feeling more confident in the present. You can save for your family, retirement, unexpected expenses, or many other causes important to you. At the same time, figuring out how to save can also be confusing, as there are a lot of options to choose from.
The good news is that once you figure out what you want to save for, there are usually a few accounts / options that are most beneficial for your situation, that can help you save on taxes and expenses. Additionally, by knowing some of the accounts ahead of time, you may better handle the situation if you do ever find yourself with more money to save.
To help you figure out what accounts to use if you want to save more, we provide the below resource. From this, you may come away with answers and action items for the following:
What retirement accounts should I prioritize, for anyone ranging from a young investor to a mid-career professional to a business owner?
How should I save for future healthcare expenses?
How should I save for my child’s future education?
Would an annuity or life insurance help me save more for retirement?
How much should I save in an emergency account for myself and my family?
As always, we are here to help you evaluate your personal situation and help you figure out what accounts may be best for you. Please feel free to reach out to us if you have any questions.
Important Disclosure Information & Sources:
There is no guarantee investment strategies will be successful. Past performance is no guarantee of future results. Diversification neither assures a profit nor guarantees against a loss in a declining market.
Advisory services are provided by SJS Investment Services, a registered investment advisor with the SEC. Registration does not imply a certain level of skill or training. SJS Investment Services does not provide tax advice. Please consult your tax professional for specific advice. This material has been prepared for informational purposes only.
Hyperlinks to third-party information are provided as a convenience and we disclaim any responsibility for information, services or products found on websites or other information linked hereto.
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