Preparing for Your Future – Saving for Your Retirement as a Young Adult

By beginning to plan for retirement in your early twenties, you are already paving the way for a successful future. Many young people are unaware of the fact that saving whatever you can, even if it’s a mere 5% of your monthly income, can grow over time. The simple act of putting away a little each month enforces the habit, and as you continue to get older, the percentage of what you put away will increase. But for now, beginning to save for your retirement fund has the potential to make all the difference as you move through your career.

John Labunski

John Labunski

John Labunski, a highly respected conservative radio talk show host for 911 Wealth and Retirement Wealth Radio, has had a long history of success in his career. He attributes a great deal of his personal success to the fact that he began saving as a young man in his twenties. He recommends that young twenty-something adults begin to plan their retirement by considering the following:

1. Decide on a set amount of money each month to put away. In your early 20’s, 10% is an agreed excellent savings amount unless you can afford more.
2. Take advantage of 401(k) offerings from your employer. Don’t wait to be automatically enrolled, and always contribute as much as your employer will match.
3. As a young person, put any additional savings into a Roth IRA. Roth IRA withdrawals are tax-free if you wait to withdraw until retirement age. As you become older and become interested in seeking out additional investment plans, meet with a financial advisor to ensure that your savings and accumulated wealth will be protected at all costs.

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Providing Children Worldwide with the Resources to Thrive

It can be easy to forget that in some parts of the world, millions of children do not have adequate access to the resources that they need to grow into happy, healthy adults. Through no fault of their own, they are at much higher risk of not receiving an adequate education or even enough food to survive. By sponsoring a child through one of the numerous nonprofit organizations that seek to better the lives of children across the world, you will know that you are making the world a brighter place for a child in need.

John Labunski

John Labunski

John Labunski, a respected and lauded Safe Money radio talk show host based in Plano, Texas, is proud to sponsor two children in Haiti and hopes to sponsor two new children each year until they are secure in their careers. He sponsors these children through Save the Children, and he recommends that anyone who has the financial means to do so consider sponsoring a child in need for the following reasons.
1. Sponsored children will receive benefits and resources that help fulfill their need and right to an education. Too many children simply don’t have access or are learning in poor conditions, and this is one way that you can help.
2. With your sponsorship, both children and their mothers will have access to health and nutrition services that can be lifesaving.
3. Sponsored children will, from early childhood through adolescence, receive developmentally appropriate information and resources regarding health, education, civic engagement, and far more.