I You can start small. The plan This simple calculator can’t afford it. allows you to contribute as little shows you how much you as $1 per paycheck. The trick to can save depending on starting small is to keep saving how much you set aside on a regular each month: basis. That’s what makes your savings add up, and why the automatic that’s contributions in MaineSaves are key to meeting your goals. later. The sooner you start to save, the To see how much your I’ll do it more time you have to take money can grow over time, advantage of compound interest. try this tool from When you save in the plan, your investor.gov: . earnings can do some of the Try 5% as the annual work to build your savings, but interest rate if you want to you have to give them enough make an estimate time to grow. If you want to be prepared for To plan your investment It’s too risky. retirement, you really have mix, get help from don’t a choice. You can pick safer resources like the investments if you are But, over the long term, the only way to see real growth is to diversify your portfolio with a mix of stocks, bonds, and cash. never too early or too late to take charge of your future. It’s — — No matter what your age, income, or current savings to focus on your status, it’s important retirement strategy, now. Let MaineSaves help you improve the state of your future. The plan offers a comprehensive slate of investment options, plus tools and resources, to help you build a personalized retirement plan and gain the savings that you need. Visit www.MaineSaves457.com to learn more. Division of Employee Health & Benefits 114 State House Station Augusta, ME 04333-0114 www.maine.gov/deh RSS Feed click to subscribe to latest news & events –
I can’t afford it. You can start small. The plan allows you to contribute as little as $1 per paycheck. The trick to starting small is to keep saving on a regular basis. That’s what makes your savings add up, and that’s why the automatic contributions in MaineSaves are key to meeting your goals. This simple calculator shows you how much you can save depending on how much you set aside each month: I’ll do it later. The sooner you start to save, the more time you have to take advantage of compound interest. When you save in the plan, your earnings can do some of the work to build your savings, but you have to give them enough time to grow. To see how much your money can grow over time, try this tool from investor.gov: . Try 5% as the annual interest rate if you want to make an estimate It’s too risky. If you want to be prepared for retirement, you don’t really have a choice. You can pick safer investments if you are But, over the long term, the only way to see real growth is to diversify your portfolio with a mix of stocks, bonds, and cash. To plan your investment mix, get help from resources like the It’s never too early — or too late — to take charge of your future. No matter what your age, income, or current savings status, it’s important to focus on your retirement strategy, now. Let MaineSaves help you improve the state of your future. The plan offers a comprehensive slate of investment options, plus tools and resources, to help you build a personalized retirement plan and gain the savings that you need. Visit www.MaineSaves457.com to learn more. Division of Employee Health & Benefits 114 State House Station Augusta, ME 04333-0114 www.maine.gov/deh RSS Feed – click to subscribe to latest news & events