Customize. UMB Employee Benefits Retirement Planning. How To Achieve Your Retirement Dreams Basics of Planning and Investing Features of your XYZ Profit Sharing Plan. Agenda. Introduction Retirement Goals Retirement Obstacles Key Strategies Investments Plan Features Questions?.
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1. Win the Lottery
Large pizza - $15 per week
Morning coffee - $10 per weekLittle savings add up
Rent a video instead of going to the movies- $5 per week
*Assumes you save the cost of each item, plus 27% assumed tax rate every week for 20 years, and earn an annual 8% on your investments
Lives the high life
Starts saving at age 45
Contributes $4,200 each year for 20 years to the Company Plan ($350 per month)
Terry, the Planner
Lives more modestly at first
Starts saving at age 25
Contributes $2,100 for 40 years to the Company Plan ($175 per month)Time Is Your Greatest Ally
Terry sets aside the same total sum of money but accumulates $1,200,000 for retirement.
Assuming an average rate of return of 8%.Time Is Your Greatest Ally
91.5% of your return is based on your investment diversification
Financial Analysts Journal, B.G.P. Brinson,
B.D. Singer & G.L. Beebower, May - June 91