By Brad Sanders, CFP®, CRPC®

Are you concerned about having enough money to retire comfortably? Relying only on Pension and Social Security income for a secure retirement, is not realistic for a lot of people.

If you want to retire with a sufficient nest egg, chances are you will need to fund your retirement through a combination of employer-sponsored plans like 401(k) or 403(b), Roth IRAs, or other after-tax vehicles.

Let the power of compounding interest work for you. If you have a long time until you retire, you might be surprised by how much you can accumulate.

For example, if you begin with a $10,000 initial investment and save $200/month for 20 years, you can accumulate an additional $144,572 to supplement your retirement (assuming a 7% annual return). Not bad when you consider you only deposited $58,000 over that timeframe.

Working with an advisor can help you determine how and where to save, and we offer complimentary discovery meetings. If you are more comfortable doing things on your own, you might look for guidance on how to manage your funds and save on a regular basis. Visit our Digital Wealth Interface to get started.


Brad SandersBrad Sanders has been a lifelong resident of Central PA. He began in the financial services industry in 2007. Prior to that, he attended St. Vincent College in Latrobe, PA where he was also a member of the baseball team. He earned his Certified Financial Planner™ certification in 2012 and his Chartered Retirement Planning Counselor℠ designation in 2013.