Start Now

There's no better time than the present to start saving for retirement. That rule applies whether you're age 22 or 52. Time is an investor's best friend. The sooner you start the more you can accumulate. Just be consistent.

Consider a systematic investment program. Even a modest amount invested consistently over time can grow into a meaningful nest egg. The reason is compound interest. Your investment earns a return – and then that return earns a return!

Plan Ahead

It's okay to start saving without a concrete plan in place. But get started on your long-term goal planning soon thereafter.

Planning helps translate the future cost of your retirement goals into today's dollars. Figure out what you'll need and walk it backward. Use that to inform your current strategy.

This can also help you see if you're on track, have a shortfall, or a surplus toward reaching future targets.

Compound interest can help you estimate what your future investment balances might be – and what you need to do to now attain them.

Understand Your Funding Options

Tailor your retirement savings plan based on how you work. If you're like most Americans, your employer probably has a 401(k). Use it!

Many employers match a portion of their employees' 401(k) contributions. Take advantage of this. Your employer's match could provide a meaningful enhancement to your lifetime contributions.

Outside of work, IRA's provide the opportunity for to save for retirement with significant tax savings. Make annual contributions to a Traditional or Roth IRA in addition to the retirement plan you have at work.[1]

There are still many tax-advantaged retirement savings options if your employer does not offer a 401(k).

Self-employed individuals and some business owners can establish their own Solo 401(k) plans.

Other qualified retirement plan options include SEP-IRAs, SIMPLE-IRAs, Profit Sharing Plans, and Money Purchase Plans.

This document does not provide tax, legal, or investment advice. Please consult with a qualified tax advisor to determine your eligibility for retirement account contributions and tax deductability.

[1] Income limitations apply. Consult a professional tax advisor for guidance on the deductibility of Traditional IRA contributions and your eligibility to contribute to a Roth IRA.

Don't Take Social Security For Granted

• Including Social Security in your retirement planning can help you optimize its benefits.
• The Social Security benefits you ultimately receive are directly tied to how much you earn and how long you've paid into the system.
• Check with Social Security annually to review your estimated retirement benefit.
• Your full benefit is available when you reach age 67.
• You can apply for benefits early – but there's a penalty if you do.
• There is also a credit if you delay taking benefits until age 70.
• So plan carefully!
• Tools and calculators are available on the Social Security website and information is available by calling (800) 772-1213.

Pro Tip: Plan For Your Money To Outlive You

Your life expectancy should be factored into your retirement plan. The order and timing of withdrawals from your retirement and taxable accounts could have tax consequences and might impact how much you have to pay in taxes and for Medicare.

Work With Professionals

• The primary benefit of working with a professional advisor like PCM Encore is unbiased advice. We are fiduciaries focused on your best interest.
• Building a durable retirement plan depends on reliable trustworthy guidance.
• Retirement planning includes lots of components. It is a complex endeavor, spanning many years – often decades. Lots of changes can take place in that time.
• Working with an advisor can help you mitigate many potential errors that could result by reacting to those changes.
• We help you stay on course. We help you remain steady when markets are uncertain.

We can't wait to talk to you!

We're eager to meet you and are prepared to demonstrate the many ways Encore can help make your aspirations a reality. Our process starts by getting to know you and understanding your unique circumstances and personal financial goals. Then we compile an experienced team to help you optimize each of those components.

hello@encoreinvestment.com | (888) 697-0204 | encoreinvestment.com

10900 NE 4th Street, Suite 2406
Bellevue, Washington 98004

520 E Cooper Avenue, Suite 7C

Aspen, Colorado 81611

This guide is for informational purposes only and does not constitute personalized investment, legal, or tax advice. Please consult a licensed financial advisor, attorney or tax professional for advice tailored to your specific circumstances.