Local financial professional provides retirement assistance There are many options to start saving for retirement. Dedicated savings accounts are one way to set aside funds and allow them to grow during your working years. There are several types retirement accounts. Depending on your work situation and life stage, one or more option might fit your needs. As a financial adviser with Modern Woodmen of America, I’ve helped many people find the right retirement accounts for their needs. As a native of the Easy Bay area, I take pride in helping people in my community reach their financial goals through services, including retirement planning, investments and many other options. Below, I outline some benefits of retirement accounts and how they can help you build wealth and retire on your own time. Make pretax contributions The ability to make pretax contributions is one of the biggest advantages many retirement accounts offer. A portion of your paycheck is deposited directly into the account before taxes are deducted. The downside is these accounts are only available through employer-sponsored plans. If you have this option, it’s likely your employer will match a percentage of your contribution, allowing you to accumulate funds even faster. Access other tax advantages If your company doesn’t offer a retirement plan or you want to open another account on your own, there are other tax advantages you can enjoy. For example, many accounts allow tax deferrals or other options avoid being double taxed on gains. To understand what type of account might be right for you, consider partnering with an experienced financial adviser to evaluate your needs and retirement goals. Build wealth through compounding interest Most retirement savings accounts are tied to a fund with a varying degree of risk. For people looking to build long-term wealth, mutual funds may be a good fit. Over time, their seemingly small contributions compound and grow into sizable sums of retirement wealth. Set aside savings Inability to remove money from a retirement account can also be an advantage for some people. Most accounts have penalties to access funds before certain age. You can have peace of mind knowing your money is set aside. I help my clients by advising them how a retirement savings account can fit into their unique financial picture, and I can do the same for you. To learn more about the services I offer, browse my website or call today to schedule a meeting. * Securities and advisory services offered through MWA Financial Services, Inc., a wholly owned subsidiary of Modern Woodmen of America. Member: FINRA, SIPC. All investing involves risk, including the possible loss of principal invested.