Page 6 July 3, 2014 The Real Cost of Delaying Retirement Savings Will Shock You Move Up to CONTINENTAL PARK, the South Bay’s PROMINENT Business, Retail and Entertainment COMPLEX WORK & DINE ALONG THE ROSECRANS CORRIDOR IN EL SEGUNDO/MANHATTAN BEACH 310.640.1520 • Now Leasing Office Space In All Sizes Finance Do the words “math homework” strike fear in your child…or you? We can change that fear into better grades and higher self-confidence, and eliminate the frustration, tears, and fights over math homework. Discover how a better understanding of math can change your child’s attitude. Before you know it, your child could be crazy about math. New Center NOW OPEN in El Segundo at 630 N. Sepulveda Blvd. #13A, on the corner of Sepulveda and Mariposa. CONTINENTAL PARK • Professional Property Management On Site A project of CONTINENTAL • It’s Not Just a Location; It’s a Lifestyle! DEVELOPMENT CORPORATION www.continentaldevelopment.com 2ND – 12TH GRADES • SUMMER AND YEAR ROUND PROGRAMS Find out how affordable your child’s soaring self-confidence can be! 310-616-3181 MATHNASIUM.COM (BPT) - Recent graduates have a lot on their minds: moving, finding a job and the looming repayment of school loans. Retirement is typically low on the list of priorities, but ignoring the issue entirely can literally cost young professionals hundreds of thousands of dollars. “It’s difficult to think about retirement when you’re just starting your career and trying to make ends meet,” says Lule Demmissie, managing director of retirement guidance for TD Ameritrade, Inc. (“TD Ameritrade”), a broker dealer subsidiary of TD Ameritrade Holding Corporation. “It sounds counterintuitive but retirement planning should really be the first thing on a recent graduate’s mind.” Why? Demmissie offers this example of how retirement planning can unfold when funds have the longest time possible to grow: $100 a month for 20 years starting at age 21 = $468,236 A new grad invests $100 per month beginning at age 21, and continues that monthly investment for the next 20 years, stopping at age 41. Their total investment is $24,000. Assuming an 8 percent annual return, compounded monthly, that $24,000 will become $468,236 by the time the grad retires at age 67. $100 a month for 20 years starting at age 41 = $95,039 Wait until age 41 to begin investing $100 per month for the next 20 years, stopping at age 61. Their total investment is, again, $24,000. However, assuming the same 8 percent annual return, compounded monthly, the nest egg will only total $95,039 by age 67. In this scenario the total cost of delaying retirement is $373,197. “These numbers are jarring, but losing out on thousands of dollars does not have to be your reality,” says Demmissie. “No matter your age, starting to build your retirement now can help you maximize your options and retirement assets.” Demmissie shares these expert tips for new grads to get a head start on saving for retirement: Save regularly Save a portion of each paycheck. Even a minimal amount, when compounded over time, adds up. Use savings as your emergency fund or toward major purchases, such as a new car or a down payment on a house. Budget Track your monthly income and expenses and plan accordingly. Differentiate needs from wants and prioritize wants by happiness, rather than cost. Cut the items that don’t provide long-term happiness. That way, it won’t feel like as much of a sacrifice. Then, set short and long-term goals. This will show what you can realistically afford now and help you avoid racking up credit card debt that will affect your future ability to save and invest. Use employer-sponsored retirement plans If your employer offers a retirement plan, enroll as soon as you are eligible. An employer-sponsored retirement plan, like a 401(k), deducts money from your paycheck before taxes. Many employers match your contributions, so take advantage of this important benefit at the highest match possible. This is essentially “free” money, so if you don’t take it now, you’ll lose the match and the potential tax breaks. Continue your education Understanding important money topics and available resources can help you become financially savvy. Subscribe to an investing magazine or podcast, visit a financial website like www.tdameritrade.com or follow a credible financial blog. Get a reality check Ignorance is not bliss when it comes to your personal finances. Determine your longterm goals and use free calculators like TD Ameritrade’s Cost of Waiting Calculator or WealthRuler(TM) to help assess your situation and develop an action plan to pursue your financial potential. Talk it out Parents, trusted family and peers can provide great insight into financial matters based on their own successes and mistakes. Use their experience to your advantage to make smart money decisions. Of course, financial decisions today do not set in stone what will ultimately happen in the market. Rather than traced back to a good or bad decision about this stock or that industry, the final results of investing are always going to be unpredictable. If you are looking for an example of the past not predicting the future, investing is just such a place. Also, no matter your age, it’s never too soon to meet with a financial advisor to go over your goals and create a plan for retirement. Be sure to consider the tax aspects of your retirement options as well, discussing these with your tax advisor is an important part of a serious look at retirement planning. Provided by: TD Ameritrade Holding Corporation, brokerage services provided by TD Ameritrade, Inc. member FINRA/ SIPC /NFA • Classifieds The deadline for Classified Ad submission and payment is Noon on Tuesday to appear in Thursday’s paper. Advertisements must be submitted in writing by mail, fax or email. You may pay by cash, check, or credit card (Visa or M/C over the phone). Errors: Please check your advertisements immediately. Any corrections and/or changes in an ad must be requested prior to the following Tuesday deadline in order to receive a credit. A credit will be issued for only the first time the error appears. Multiple runs will only be credited for the first time the error appears. No credit will be issued for an amount greater than the cost of the advertisement. Beware: Employment offers that suggest guaranteed out-of-state or overseas positions may be deceptive or unethical in nature. If you have any doubts about the nature of a company, contact the local office of the Better Business Bureau, (213) 251-9696. Herald Publications does not guarantee that the advertiser’s claims are true nor does it take responsibility for those claims. $3200 fenced yards small pets okay (575)915-7491 Office Space for Rent Executive office space prime location in El Segundo 500 sqft $1995 a month call for more info (310)877-2374 Office Space for Rent Executive office space prime location in El Segundo 500 sqft $1895 a month call for more info (310)877-2374 Employment C O M PA N Y D R I V E R S | O W N E R O P E R AT O R S *Now Hiring CDL School Grads* Home Daily/Weekly | Midwest Runs | Great Benefits. 888-300-9935 Employment Display Ad Sales Position. We need an experienced Display Ad Salesperson for Herald Publications. Territories include Torrance, El Segundo and Hawthorne. Full or parttime positions are available. 20% commission on all sales. If interested please email your resume to management@ h e r a l d p u b l i c a t i o n s. c o m . No phone calls please. Garage Sale Office furniture, Wall Art, mirrors + much more. XLNT cond. Sat. 7/5 & 26. 9A-Noon. 523 Main, ES. 310-322-0549. House for Rent 3 Homes available center of town 1) 2 2bedroom/1bath 800 sqft $2800 2)one 2+bedroom/1.5 bath 1600 sqft Apartment For Rent 1BD/1BA. Large Apt. In ES quiet gated building. W/swimming pool, laundry facility, pond w/ water fall $1,275/mo. No pets. Call Mike at (310) 322-7166. Apartment For Rent 3 BD 2 BTH APT, Small private yard, fridge, stove, W/D, 1/2 garage $2800 310-433-4562 Busines For Sale Business opportunity to establish restaurant in El Segundo for sale for more information call (310)877-2374 Employment Part-time office worker wanted: Must be familiar with Mac computers and knowing Indesign is a plus too. Hours would be approx. 9-1:00PM. Monday – Thursday. Responsibilities will be varied. Skills required include by are not limited to: strong english speaking and writing ability, working well with public , attention to detail and meeting deadlines. Interested parties, send resume to management@heraldpublications. com. No phone calls please. To appear in next week’s paper, submit your Classifed Ad by Noon on Tuesday.
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