One of the best ways to save for the future is to pay yourself first. According to the U.S. bureau of economic analysis, the average savings rate in the U.S. is 5% of salary each year. However, many experts believe we should save 10 to 20% of salary in order to build a sizable nest egg. One of the strategies which can help is the auto invest feature. Every month a designated amount is automatically deducted and invested on your behalf. If the money goes out before you get the chance to spend it, you may never miss it. Many experts believe, those who auto-invest each month have larger retirement balances than those who do not.
To learn more about how auto-invest can help you, please give us a call at 949-474-8440.
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