Tom Meaglia photo

Tom Meaglia, ChFC®

Chartered Financial Consultant

AEP®, CLU®, MSFS

Investment Advisor Representative

CA Insurance Lic. #0567507


Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750


Toll Free: 800-386-3700

Bus: 909-593-6105

Cell: 818-681-8600

Fax: 909-593-6120


Email: meaglia@earthlink.net

Website: www.meagliafinancialconsulting.com

May/June 2021

Consistency Is Key for Retirement Investors

Consistency Is Key for Retirement Investors

Slow and steady like the tortoise or fast and furious like the hare? Which investing approach do you think offers the best chance of saving enough for a comfortable retirement? For a long-term investor, being a tortoise has its advantages.


The Hare Investor
Remember the hare in the fable? He thought he could make it to the finish line with time to spare even though he started the race late. Hare investors tend to follow his lead. Instead of starting to invest when they begin working, they wait until they’re established in their careers and earning higher wages before they set money aside for retirement. But, by not starting early they could be sacrificing years of potential growth. To compensate, hare investors may have to contribute much more to their retirement accounts to make up for their late start.

The Tortoise Investor
Like the tortoise in the fable, tortoise investors don’t wait. They start contributing to a retirement account as soon as they’re receiving a paycheck — and keep contributing steadily throughout their working years. By starting early and reaping the benefits of compounding (earning interest on interest), tortoise investors may have to contribute less of their own money to achieve their savings goals.


Want to Be a Tortoise?
Start by adding money to an investment account as soon as you begin working. Consider setting your savings on autopilot by earmarking money from each paycheck to go into your account. You may want to increase your contribution amount whenever you get a raise. But the important thing is to keep contributing.


Tips for Tortoises
What else can you do to be a smart investor? Choose an investment mix that reflects your risk tolerance and time frame. And, by adopting a buy-and-hold strategy, you may avoid fees, commissions and taxes that can lower your returns.


Ask your financial professional for guidance in creating a diversified* portfolio that may help cushion market swings.


* Diversification cannot eliminate risk of investment losses. Past performance won’t guarantee future results. An investment in stocks or mutual funds can result in a loss of principal.


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox every month.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Investment advisory services offered through Fusion Capital Management, an SEC Registered Investment Advisor. 9111 Cypress Waters Blvd., Ste 140, Dallas, TX 75019.
Meaglia Financial Consulting and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.