Retirement planning strategies for every stage of your life. Start in your 20s. http://news.davidlerner.com/financial.php?include=143851

1. Lifecycle Planning
Retirement planning strategies for
every stage of your life

2. Retirement Planning
• Retirement planning is
not an isolated, one-
time event
• Saving and investing
strategies should be
adapted to reflect
changing goals and
circumstances as
individuals move
throughout their life.

3. Retirement Planning Strategies For Your 20s
• Make retirement
planning a priority
• I’ve got plenty of time
until retirement, and I
don’t have much
disposable income
right now, so I’ll set up
a retirement savings
plan in a few years,” is
the mindset of many
20-somethings

4. Retirement Planning Strategies For Your 20s
• An IRA started at age 22 that accumulates
$5000 by age 25 with no further investment
will yield $54,787 at age 65. (6% interest rate
compounded)
• An IRA started at age 32 that accumulates
$5000 by age 35, will yield only $30,113 at age
65. (with the same criteria as the first
example)

5. The Rule of 72
Money approximately
doubles in the number of
years equal to 72 divided by
the return generated.
So if you earn 6 percent a
year on your savings, your
money would double in
about 12 years (72 / 6 = 12).
Each decade that is delayed
in saving for retirement could
cost you the opportunity to
double your money.

6. Retirement Planning Strategies For Your 30s
The 30s often represent a
time of greater earning
potential.
Individuals start to
advance in their careers
and move up the
corporate ladder.

7. 30s
However, they may also
have started a family
and assumed more
financial responsibilities:
a mortgage, life
insurance, multiple car
payments, and all of the
expenses involved in
raising children.

8. 30s
• Set financial
priorities
• Maintain consistency
in making retirement
plan contributions
• Increase the
contributions as
income rises

9. 30s
• Eventually, you may reach the annual
contribution limits allowed by law for qualified
retirement plans like IRAs and employer-
sponsored 401(k) plans.
• In this instance, you may want to consider
alternate retirement planning vehicles that
feature higher contribution limits (or no limits
at all)

10. Retirement Planning Strategies For Your 40s
Income may be greater
Financial responsibilities
may also be greater
• children’s college
education
• helping care for aging
parents

11. 40s
Keep your eye on the
goal
Don’t push retirement
to the back of the line
Look into Roth IRAs

12. The 50s: Approaching the Finish Line
The 50s often represent
the peak earning years
Opportunity for one last
push to save as much
money as possible before
retiring
Shift the asset allocation
mix to help preserve the
assets in a retirement plan

13. Retirement Planning Strategies For Your 60s
Manage your savings and
investments in a way that will
help protect, rather than
grow, your income and principal
Begin planning your retirement
budget
Plan for future cost of health
care
Factor in the effects of inflation

14. Retirement Planning Strategies For Your 70s
Budgeting and Portfolio
Distribution
Balance your monthly budget needs with
your long-term future requirements
Consider whether to take a set amount
each month or a percentage of balance

15. 70s
Working in retirement
Times have changed
Many older Americans
are continuing to work

16. This material is provided for information purposes only
and is not intended to be used in connection with the
evaluation of any investments offered by David Lerner
Associates, Inc. (DLA).
This material does not constitute an offer or
recommendation to buy or sell securities and should not
be considering in connection with the purchase or sale of
securities.