Retirement Planning

So you want to retire someday, just like everyone else. But the absence of a carefully crafted plan means your retirement dreams may fall short and remain just—well, dreams. Typically, Social Security and pensions alone will not sustain the average retiree’s lifestyle. Which means its up to you to save enough money to cover the shortfall, by way of IRAs, 401(k) plans, and other investment vehicles. But it doesn’t mean you have to go it alone. Dupaco Financial Services is here to help.

As a Dupaco member, you’ve got access to the no-cost services of Dupaco Financial Services’ investment professionals, who will help you chart a course to your retirement destination. Make a Plan. By asking the right questions about your retirement goals, our investment professionals can help your craft a retirement saving plan to put you on the right track. Plan to Review. On your road to retirement, Dupaco Financial investment professionals will periodically review your portfolio and plan at no cost, making adjustments to accommodate life changes and market factors. Even if you’ve already got a plan in place and want a second opinion, we’ll do that too–for free. You’ve Arrived. Once you’re ready to retire, Dupaco Financial Services can help you strategize how to make your retirement savings last.

“When should I start saving?”
You might think there’s a “right” age when one should begin investing. The truth is, you should begin saving for retirement as soon as you can. That's because the sooner you begin saving, the more time your money has to grow. Your money will compound, meaning the interest generated each year will generate its own gains the next year. This is a powerful concept which will help your money grow faster, and the earlier you begin to save, the more you’ll earn – for less.

Consider this example:

At age 25, Person A puts aside $3,000 a year in a tax-deferred retirement account for 10 years - and then stops saving. By the time Person A reaches 65, the $30,000 investment will have grown to more than $472,000, (assuming an 8% annual return), even though he/she didn't contribute a dime beyond age 35.

Person B puts off saving until age 35, and then saves $3,000 a year for 30 years. By age 65, $90,000 of his/her own money has been set aside, but it will grow to only about $367,000, assuming the same 8% annual return. Person B has $105,000 LESS than Person A, and has contributed $60,000 MORE than Person A.

(This is a hypothetical example and is not representative of any specific situation. Your results will vary.)

Don’t put off planning your retirement plan any longer! With so many vital decisions to be made on how best to achieve your financial goals, it’s reassuring to know that you can rely on the experience of a name you can trust. Dupaco Financial Services. Schedule your no-cost, no-obligation consultation today.

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No matter the size of your portfolio or your financial goals, the investment professionals at Dupaco Financial Services are available to meet with you to discuss your particular financial situation. For a no-cost, no-obligation consultation, request your appointment online or by calling Dupaco Financial Services at (563) 557-7600 / 800-373-7600. Your money matters. We’re here to help.

Securities offered through LPL Financial and its affiliates, Member FINRA/SIPC. LPL Financial and Dupaco Community Credit Union and its subsidiary, Dupaco Financial Services, Inc., are not affiliated. Mutual funds, annuities, and other investments: are not deposits; are not insured by the NCUA or any other regulatory agency; are not obligations of, or guaranteed by Dupaco Community Credit Union or any other affiliated entity; are subject to investment risks, including possible loss of the principal amount invested.

*This is a hypothetical example