SAVING AND SPENDING ADVICE BASED ON YOUR AGE
Soundbite and Script
December 22, 2011
ANNOUNCER:
SAVING FOR RETIREMENT IS SOMETHING WE KNOW WE NEED TO DO.
BUT DEPENDING ON OUR AGE, THERE ARE DIFFERENT RETIREMENT RULES WE NEED TO FOLLOW.
SCOTT THOMA, FINANCIAL EXPERT FROM EDWARD JONES, SAYS YOUR GOALS AND THE RISKS YOU FACE ARE MUCH DIFFERENT AT VARIOUS STAGES IN LIFE, SO YOUR SAVING AND SPENDING TACTICS MUST DIFFER.
SCOTT THOMA:
“In your 30s and 40s, you’re getting married, buying a home, having a family, but make no mistake, you also need to be saving for retirement. It’s all about balancing goals, such as how to invest for both retirement and your kids’ education. In your 50s, you’re focusing more on your retirement, so the key question is are you on track to retire the way you desire, and if not, what steps should you take? In your 60s, you’re ready to retire, so it’s time to learn how to spend your money in retirement. Your goal after you retire is to stay retired, so questions such as how much you can realistically spend in retirement, when to take Social Security and how to prepare for the unexpected become important, as your ultimate goal to ensure your money lasts as long as you need it.”
ANNOUNCER:
FOR MORE ADVICE VISIT EDWARD JONES.COM. I’M LEE SHEPHARD.
