Freedom is in your future.
Achieving financial freedom is about building. Building the confidence and power to make your money work for you. Building a solid plan to help you chart a successful, sustainable future course.
The time to build wealth, and continue to build throughout your journey, is here.
Let’s do it.
Everyone needs a plan to build wealth.
No matter what your income or your age is.
Compounding interest is the best tool to build wealth.
Compounding interest lets you receive earnings on your interest.
| Current Age | Contribution |
|---|---|
| 20 | $190/mo |
| 30 | $436/mo |
| 40 | $1,052/mo |
| 50 | $2,890/mo |
| 60 | $13,610/mo |
| Assuming a $0 starting balance with an average return of 8.00% APY. APY = Annual Percentage Yield | |
MILESTONE
You are maximizing your company’s 401(k)/403(b) match.
The IRS sets the contribution limits for these types of retirement accounts. The maximum contribution limit for 2023 is $22,500. Be sure to max this out every year first.
How do you know if you're putting enough away?
Use our Freedom Retirement Calculator to see how much you should save to meet your goal to build wealth.
Retirement Freedom Calculator
MILESTONE
You are meeting with a financial advisor at least once a year.
Recent studies have reported that investors who work with advisors could potentially add 3% to their net returns.1
1According to Vanguard's study based on their Alpha framework. Putting a value on your value: Quantifying Vanguard Advisor's Alpha, Vanguard Research, 2014.
Remember, you don’t have to go it alone on your journey. It’s important to meet with a trusted financial advisor regularly to help you adjust course as needed and keep you on track. If you don’t have an advisor or simply want a second opinion, we can help through a no-cost, no-obligation consultation with one of our wealth experts.
MILESTONE
You are investing 15% of your household income.
A standard rule of thumb to building wealth is to invest a minimum of 15% of your household income. This 15% includes options like an IRA, Roth IRA, mutual funds, 401(k), 403(b) and more, but should not include any employer matched contributions.
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