Financial Tips From Financial Professionals

Financial Advice From Financial Professionals

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It’s important to remember that even financial experts at one point were financial newbies. Just like many of those starting out, they were trying to figure out their 401(k) and laying the groundwork for their own financial future.

Which made us wonder, what would be their number one piece of advice to their younger selves, and in turn, anyone else just getting started on their own financial journey.

Well, we asked and they answered!

Here are five pieces of advice from our very own financial professionals.

“I would tell my younger self to maximize my Roth IRA contributions earlier!”Brian Duncan, President | Investment Advisor Representative

“Start working with a Professional Advisor sooner to help with all facets of financial advice. Whether that’s understanding your 401(k), how to save or understanding a mutual fund, receiving advice as early as possible sets better habits to be in the best financial place for your lifestyle.” –Kristen Hull, Investment Advisor Representative

“Make sure you at least start your 401(k) savings at whatever the company matches, and then give yourself a birthday present and increase your payroll deduction by 1% every year on your birthday until you hit the IRS maximum”.  –Tim Kunkle, Investment Advisor Representative

“Don’t compare your savings to others. Because your situation may be different, your peers may not be a good indicator (or in some cases, influence) of what proper savings and investment strategy should look like.  Start saving, even if it’s a little when you get your first job. It all about building good habits.” – Julie Leeper, Investment Advisor Representative

“My financial advice is to put 10% of your pretax pay into your 401K as soon as you’re eligible and be more aggressive when you’re young.  Whether you want to learn about it and follow it, or not, just do it! I was given that advice by a senior agent when I didn’t think I could afford 10%, but did it and stuck with it and it REALLY paid off.  I also started my kids off with both checking and savings accounts when they started working, so they were acclimated to always saving some for themselves first.” – Stephanie Botti, Insurance & Risk Advisor

There’s more where that came from!

No matter where you are in your own financial journey, we’re here to help. Check out our comprehensive Resource Center for tips and calculators to set you up for financial success. Or, you can schedule a free consultation with a member of our team to begin the planning process.

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