Sponsor Insight: Ascensus' 3 Keys to Unlocking Retirement Security

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Sponsor Insight: Ascensus' 3 Keys to Unlocking Retirement Security

Introduction

Retirement planning is a complex and often daunting task. With so many factors to consider, it can be difficult to know where to start. That's where Ascensus comes in. As a leading provider of retirement savings and investment solutions, Ascensus has decades of experience helping people plan for their financial future. In this article, we'll share 3 key insights from Ascensus that can help you unlock retirement security.

sponsor insight ascensus

1. Start Saving Early

The sooner you start saving for retirement, the more time your money has to grow. Even small contributions made early on can make a big difference over time. According to the Employee Benefit Research Institute (EBRI), a 25-year-old who saves $1,000 each year for retirement will have accumulated over $100,000 by the time they reach age 65, assuming an average annual return of 7%.

2. Diversify Your Investments

Don't put all your eggs in one basket. Diversify your retirement savings by investing in a mix of stocks, bonds, and other assets. This will help to reduce your risk of losing money if one particular investment performs poorly. Ascensus offers a variety of investment options to help you create a diversified portfolio that meets your specific needs.

Sponsor Insight: Ascensus' 3 Keys to Unlocking Retirement Security

3. Seek Professional Advice

Don't try to go it alone. Seek professional advice from a financial advisor who can help you create a personalized retirement plan. A financial advisor can help you assess your needs, develop a savings strategy, and make investment recommendations. Ascensus offers a number of resources to help you find a financial advisor who is right for you.

Conclusion

Retirement security is within your reach. By following these 3 key insights from Ascensus, you can put yourself on the path to a comfortable and secure retirement.

Table 1: The Power of Compound Interest

Age	Annual Contribution	Total Savings at Age 65*
25	$1,000	$103,863
30	$1,000	$81,099
35	$1,000	$61,446
40	$1,000	$44,956

*Assumes an average annual return of 7%

Sponsor Insight: Ascensus' 3 Keys to Unlocking Retirement Security

Table 2: Asset Allocation by Age

Age	Stocks	Bonds	Other
20-30	70%	30%	0%
30-40	60%	40%	0%
40-50	50%	50%	0%
50-60	40%	60%	0%
60+	30%	70%	0%

Table 3: Common Mistakes to Avoid in Retirement Planning

Mistake	Impact
Not starting to save early	Reduced retirement savings
Not diversifying investments	Increased risk of losing money
Not seeking professional advice	Poor investment decisions
Withdrawing too much money from retirement accounts	Depletion of retirement savings
Not planning for long-term care costs	Financial hardship in retirement

Table 4: Effective Strategies for Retirement Planning

Strategy	Benefit
Start saving early	More time for money to grow
Diversify investments	Reduce risk of losing money
Seek professional advice	Personalized retirement plan
Maximize employer contributions	Free money for retirement
Consider additional income streams	Supplement retirement savings