Got a Big Raise? Increase Your Retirement Savings Now or You Might Pay Later.

    | February 13, 2020

     

    According to a new report by Morningstar, most workers continue to fund their retirement-savings accounts at the same rate after getting a raise, putting their extra income toward a better lifestyle—nicer cars, a bigger apartment or house, better vacations, more dining out.

    Getting a big raise is a reason to celebrate.  Handled incorrectly, however, a fatter paycheck could contribute to a less-comfortable retirement.

    Read More

    PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. Investment decisions should always be made based on the client's specific financial needs, goals and objectives, time horizon and risk tolerance. Current and future portfolio holdings are subject to risk. Risks may include interest-rate risk, market risk, inflation risk, deflation risk, currency risk, reinvestment risk, business risk, liquidity risk, financial risk, and cybersecurity risk. These risks are more fully described in Telemus Capital's Firm Brochure (Part 2A of Form ADV), which is available upon request. Telemus Capital does not guarantee the results of any investments. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, and may lose value.

    New call-to-action
    New Call-to-action