Are You Truly Prepared to Retire When You Get Older?

There are many young people today that do not realize the sheer importance of planning for their future. Although retirement may be many years away, there is no better time to start planning than the present. Those who begin planning in their twenties are better able to secure a stable financial future for themselves and their family. It is not enough to simply invest, one must make a concerted effort to realize their financial dreams on a very specific timetable so they are constantly making progress.

One of the goals of financial planning is to help a person learn how much they need to save for their future. There is no one size fits all answer as to how much one should save. A financial planner can help a client maximize their savings dollars by helping them gain interest with their savings. There is no reason to put money away and have it sit their stagnant when it can be making a person more money.

A good rule of thumb in saving is for a person to put away at least ten percent of their earnings each year. It can be helpful for a person to set up a 401(k) plan so they can maximize their savings and be prepared. It is important a person receives financial planning services so they can know how to properly use a 401 (k) to their advantage. These plans can be used to deposit up to $4,000 per year, per person.


A financial planner not only helps a young person plan for their retirement in later years, they can also help them with planning for their future family. Getting married, having children, and buying a home can all cause greater financial expense in a person’s life. Baggetta can help young people map out their financial future and properly plan for those future desires they hope to achieve.

Almost any financial goal can be reached if a person carefully plans. When one plans in their early twenties, they can sometimes retire at 40 or even save a million dollars by the time they are ready to retire. Those who feel these goals seem out of reach for them can learn the steps they need to take so they can make their dreams become a reality.

If you are a young person who wants to learn more about financial planning, visit Baggetta & Co can help you put your financial plan in place and stay on track.Baggetta & Co