2. Want to start saving and planning for your financial future? Not sure where to start? This presentation will provide overview of the most fundamental savings and investment options. With a little knowledge, you can determine the direction that best suits you!!
4. Savings Account Most traditional way to save money. Simple terms: deposit money, withdraw if needed, earn small amount of interest in the process Few limitations Serves variety of saving needs (emergency fund, down payment on first home)
5. Certificate of Deposit (CD) Allows your money to make money Greater interest return than savings account Locked into term. Withdrawal may be made with penalty.
6. 401(k) Investment option Individual investment packages are usually determined by age and risk tolerance Allows employee to take advantage of employer contributions (free money!) Referred to as “Retirement Account” because contributor has access to funds, without penalty, at age 59 ½
7. Take time to do a little research on the options and start down the road to a bright financial future!
