Retirement Savings Stage 2:
    Building for the Future (ages 30s, 40s & 50s)

At this point, you’ve been saving a few years in your employer’s 401(k) plan and you’re builing up some saving in IRAs. Your total retirement savings now exceeds $100,000. You’re probably now working in your 2nd or 3rd job. Your expenses have increased (home, children, daycare, etc). Your biggest task now is to keep saving as much as you can (despite other budgetary pressures) and to invest your savings prudently. It’s the perfect time to run a retirement savings analysis and create a solid plan. You must also be certain your dependents will be financially secure if something happened to you.



MEMBERS Retirement Don Jennifer NO BAR
Don has been participating in his company’s 401(k) plan for a few years. Jennifer also participates in her company’s retirement plan. Working with their advisor, they now have an asset allocation strategy that they apply to both retirement plans as well as to some Roth IRAs they’ve been funding. The asset allocation strategy is also applied to Don’s IRA rollover account that resulted from a previous job. In addition, they re-calculate their retirement savings needs every two years to make sure they’re saving enough. Don and Jennifer have recently purchased term life insurance policies covering both of them with a death benefit of $500,000 on each.
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