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Summary of Automatic Savings and Investment Plans

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Summary of Automatic Savings and Investment Plans

When you put your savings and investing on automatic, you can save yourself a lot of thought, time and effort. It’s important to review your automatic plan periodically to make sure you are happy with the amount withdrawn and the date of withdrawal. You may find it helpful to make the withdrawal date a few days after payday so that you have adequate funds available, and to ensure you don’t spend the money on other things.

Practical Ideas I Can Start with Today

  • Set up an automatic savings plan(s) at my financial institution. Use this calculator.
  • Set up an automatic investing plan for my retirement account(s).
  • Calculate how much I will need to save for retirement. Use this calculator.

What you have learned

  1. What Are Automatic Savings and Investment Plans?
  2. Why Should You Set Up an Automatic Savings or Investment Plan?
  3. How to Set Up an Automatic Savings or Investment Program
  4. What Investments Are Suited for Automatic Savings and Investment Plans?
  5. Using Automatic Investment Programs to Help Build Your Retirement

Find out what you have learned