Money Savers: Retirement Strategies

 Your strategy for saving for your golden years all depends on how old you are right now. 

We sat down with KARK's resident financial advisor, Asset Wealth Managment's Gary Garrison, to get some tips for each phase of life.

In Your 20's:

"Often times, people don't think they have the money to get started," said Garrison.  "But you want to get started in a company 401K if they have it or start your own IRA.  But get the program started even if you can only do $50 or $100 a month."

Enterring Middle Age:

 "Middle age, you want to maximize and put as much as you can in your 401K or IRA or any other savings account you might have," Garrison said.  "That's the time you really want to start building wealth.  You also want to cut back on a little of the risk, maybe have a 50/50 position, where you have half at risk and half not at risk."

5 Years Out From Retiring:

Garrison said, "At that point, you want to really significantly reduce the risk you have in your portfolio, yet, while still funding your retirement."

If you'd like to talk with a professional about your retirement planning, Garrison says you should look for a registered investment advisor. 
You can find more about Garrison's services here- http://www.apwealthmanagement.com/