@femme_financial: When my client (36) came to me, he said he was investing for retirement but his investments weren’t making him any money and barely moving. This was a big red flag 🚩 as he had been contributing for over 13 years and he was on track to have about 88k at retirement… 😳 I had him show me what he was investing in and 1) he was only investing 2% of his income because he didn’t understand investing and was scared to do more and 2) he had picked something called a fixed rate annuity returning barely 2% He said his coworker told him to pick this fund bc there was no risk, but low risk means very low returns. I educated him on another option that would yield higher returns and then we got to work on his budget. After working on his budget we realized he could be investing closer to 8% right away so we had him increase the amount he was investing and our goal is to get him investing over 20% of his income which we are working on now. Had he not gotten help he would be working for the rest of his life, but because we caught this now we will get him on track to have over $1M This may sound simple, but Ive seen this so many times. We set up our investments in our early 20s then never look at them again when little tweaks can add over $1M to your retirements. Want to learn more? Im hosting a FREE Intro to Investing next Wednesday 2/21 Link in b i o 💕
