Save Early and Often for Retirement

by Christy McFarland

Saving for retirement might feel overwhelming at times. But, starting early can help you stay on track to reaching your goals.

Take a look at Katy and Joe

Katy started investing $4,000 a year when she was 25, and then stopped after 10 years.

Joe waited until he was 35 to start saving.

He contributed $4,000 every year for the next 30 years and contributed $84,000 more than Katy.

At age 65, Katy’s nest egg is $147,266 more than Joe’s.

So while you might be tempted to put off saving for your tomorrow, taking small steps today could end up paying off in the long run.

The purpose of this hypothetical chart is to show the potential benefits of starting an investment plan early. This chart assumes contributions were made on January 1 of each year and that the rate of return will continue unchanged for all years shown. This is not likely to occur, and actual results may be more or less favorable than those shown. Investment results shown are for illustrative purposes only and do not represent or imply the actual performance of any specific investment. The results do not reflect a tax rate nor do they reflect any fees and expenses that may apply to investments.

COUNTRY Financial® is the marketing name for the COUNTRY Financial family of affiliated companies (collectively, COUNTRY), which include COUNTRY Life Insurance Company®, COUNTRY Mutual Insurance Company®, and their respective subsidiaries, located in Bloomington, Illinois.

1 About The COUNTRY Financial Security Index®

Since 2007, the COUNTRY Financial Security Index has measured Americans' sentiments of their personal financial security. The Index also delves deeper into individual personal finance topics to better inform Americans about the issues impacting their finances. Survey data, videos and analysis are available at www.countryfinancial.com/newsroom and on Twitter at @helloCOUNTRY.

The COUNTRY Financial Security Index was created by COUNTRY Financial. This survey was conducted by EMC Research, Inc., an independent research firm, commissioned by COUNTRY Financial. Surveys were conducted using a national online research panel designed to be representative of the general population and includes responses from 1,000 U.S. adults over the age of 18 for national surveys with additional interviews completed in Georgia, Illinois, Missouri and Oregon to bring the total in each of those states to 500 completed surveys.