- Start early
- Do it automatically
- Invest your money
You don’t want to rely solely on welfare, so you should start saving for your retirement today. Whether you’re retiring in 10 years or 30 years, there are many options for every type of saver. Learn what you should do to start saving.
Start Saving Today
Do not put saving on the back burner. The earlier you start, the less money you’ll have to contribute each month. Don’t worry if you don’t have a large income. Start with small amounts and when you start earning more you can increase your monthly amounts.
Set Up Automatic Contributions
You know how it goes, every month you say you’ll put the money in a savings account, but then you forget. Everyone is busy, and putting away money for your retirement may not be at the top of your list of things to do. Instead, money from your check will automatically be deposited into your retirement account each month.
Earn More With Investing
If you want to save more than your budget allows, try investing your money. If you buy a bond, your money will grow each year until it matures. To keep your savings growing, put some money towards a stock of your choice. Whether you invest in stocks or bonds, you can begin earning money by simply investing your spare change.
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Let MNFCU Help You Start Saving
At Metro North Federal Credit Union, we have a variety of services to help you kickoff your retirement savings. We can get your savings account started and help you automatically deposit money each month. If you want to grow your retirement fund, our investment specialists can help find the route that’s right for you. For more information, or talk to one of our representatives, contact us at 855-443-5995.