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Bart Zandbergen, CFP

  • Meet Bart
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    • Certified Divorce Financial Analyst
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  • How to Save $1 Million for Retirement

How to Save $1 Million for Retirement

How to Save $1 Million for Retirement

by Bart Zandbergen / Thursday, 11 February 2016 / Published in Finances
How To Become a Millionaire Sign in Mission Viejo, CA

People buy lottery tickets hoping to win the big jackpot and become an instant millionaire, but most of the tickets sold in Mission Viejo ultimately end up in the trash. Winning the lottery might not be in your future, but having $1 million in your bank account at retirement is a goal you can achieve with a little planning and discipline.
How To Become a Millionaire Sign in Mission Viejo, CA

If at 25 years old you start saving toward your retirement fund, you can have $1 million by the time you reach 65 years of age. All you have to do is invest $405 a month at an annual rate of return of 7 percent while adhering to the following rules:

  • Live a modest lifestyle
  • Make stocks your primary investment choice
  • Keep control over your debt
  • Stay the course

 

Living a modest lifestyle

An easy way to ensure that you will not meet your goal of being a millionaire by the time you reach retirement age is by trying to live like one before you achieve your goal. Avoid the temptation of treating annual bonuses or tax refunds as extra spending money by immediately adding them to your retirement fund.

 

Controlling debt

Total consumer debt in the U.S. is a staggering $3.5 trillionwith credit cards accounting for at least $925.2 billion. The interest rates charged on credit card balances and other consumer debt are usually higher than you could earn on your investments, so make an effort to eliminate debt as quickly as possible.

 

Making stocks your primary investment option

Historically, the stock market has outperformed other investment options for long-term capital growth. Your 401 (k) retirement plan through your employer and mutual funds offering an investment mix composed primarily of stocks make it easy and convenient to manage the money you are putting away toward your long-term savings goal.

Mother and Daughter Saving Money in Mission Viejo, CA

Staying consistent

You may experience roadblocks on the road toward achieving your retirement goal. Unexpected unemployment, serious illness and divorce are only a few of the life-altering events that can have an effect on your finances.

 

The key to achieving your long-term financial goals is not allowing a setback in February to derail your savings and investment plan for the rest of the year. Short-term setbacks should not deter you from getting back on track with your long-term retirement planning.
If you are interested in learning more about how you can save for the future, contact Bart Zandbergen CFP® at (949) 297-8318 or visit his website.

 

Bart Zandbergen

About Bart Zandbergen

My Mission Statement: To provide my clients financial peace of mind, allowing you time to focus on creating true wealth for a purposeful life. I strive to help you realize your financial goals through integrity, commitment, and genuine caring for your well-being.

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Bart A Zandbergen, CFP® is a Registered Investment Advisor with Optivest, Inc and a Registered Representative with Gramercy Securities, Inc. Investment advisory services are offered by Optivest, Inc. under SEC Registration and securities are offered through Gramercy Securities, Inc., member FINRA & SIPC, 3949 Old Post Road, Charlestown, RI, 02813, 800-333-7450.

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Bart A Zandbergen, CFP® is a Registered Investment Advisor with Optivest, Inc and a Registered Representative with Gramercy Securities, Inc. Investment advisory services are offered by Optivest, Inc. under SEC Registration and securities are offered through Gramercy Securities, Inc., member FINRA & SIPC, 3949 Old Post Road, Charlestown, RI, 02813, 800-333-7450.

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Investment advisory services are offered by Optivest, Inc. and securities are offered through Gramercy Securities, Inc., member FINRA & SIPC. Securities are not FDIC-Insured, are not bank-guaranteed and may lose value. This website is provided solely for Optivest, Inc. clients and does not intend to provide investment, tax or legal advice. Be sure to consult with your own tax and legal advisors before taking any action that would have tax consequences. All references to Optivest on this website refer to Optivest, Inc. (a California Incorporated company) and all references to Optivest Properties refer to Optivest Properties, LLC. Optivest, Inc. does not represent that the securities, products, or services discussed in this website are suitable or appropriate for all investors. Information herein is taken from sources deemed reliable and neither Optivest, Inc. nor Gramercy Securities, Inc. is responsible for any errors that might occur. Optivest, Inc. may only transact business in those states and international jurisdictions where we are registered/filed notice or otherwise excluded or exempted from registration requirements. The information on this website is not intended for distribution to, or use by, any entity or person in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject Optivest, Inc. or Gramercy Securities to any registration requirement within such jurisdiction or country. The opinions expressed by vendors or third parties are those of the author(s) and are not necessarily those of Optivest, Gramercy or their affiliates. All links to other Internet websites (“hyperlinks”) are included as a convenience for our visitors and Optivest, Inc. assumes no liability for the content or the presentation of such linked sites. No part of this website may be reproduced in any form, or referred to in any other print or electronic publication without the express consent of Optivest, Inc. The material has been prepared and is distributed solely for information purposes and is not a solicitation or an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty is provided for any software that may be downloaded from this website. Copyright © 2016 Optivest, Inc.

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