Saving for the future

There are many considerations when you think about saving for the long-term. Two of them are retirement and college expenses.

Saving for retirement

Saving through your company’s retirement plan:
  • Is great way to save and build your account balance over time. Start early and allow time to work for you
  • Allows you to take advantage of your employer’s match plan (if offered)
Pie chart showing that 84% of companies offer a matching program

Saving for college with a 529 plan

A 529 is a savings plan designed to help build funds to pay for education. It allows you to save more money than other education saving plans – like a Coverdell account. Anyone can contribute to the account, as long as you don’t put more money in than the cost of tuition as set by the state.

Read all about 529 plans.

Saving with a 529 helps make paying for college an attainable goal – if you start early and stick with it.

Ask your financial advisor if this is the right plan for you.

[1] https://www.bestliferates.org/life-insurance-statistics/

Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved.
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