Saving for the Future - Noon
Virtual Presentation
February
11th
Saving and investing are two very different financial strategies. Once you understand the difference between saving and investing, you may do a better job of managing your money. Why? You’ll have a better grasp on when it’s appropriate to save money, when it’s better to invest, and which financial products are right for each goal. We need a clear and sustainable plan for both short-term savings and long-term wealth building. This workshop will provide you with the fundamentals of how to get started with a savings strategy and tips to build and sustain your accounts. Core topics:
- The three (3) core categories of personal savings accounts
- Savings options – CDs, HYSA, Savings Bonds, and more
- Understanding investing terminology (401K’s, IRAs, Stocks, Bonds, Mutual Funds, Risk Tolerance, Asset Allocation)
- The basics of Social Security Retirement Benefits