Money Matters: Retirement 101

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Hey! No matter how old you are, every day brings you closer to retirement. It’s never too soon to plan. Here are three steps to help you with your retirement strategy.

Step 1: Set your goals. Decide when you want to retire and how much money you will need by estimating the monthly expenses you’ll have down the road.

Step 2: Develop your strategy. Open a retirement savings account or accounts. Talk to an advisor to help you decide how to invest based on how much time you have and how much risk you are willing to take.

Step 3: Implement your plan. Put your strategy into action as early as possible to take advantage of compounding interest and make your money work for you.

For more information about saving for retirement, visit southernbank.com/getwell. See you next time on Money Matters!

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