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Chart of the Day: 1% Increase Annually to 10%

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Mar 22, 2023
10% contribution in purple, increasing contribution in green, 3% contribution in blue

Contents

Today’s Chart supports the idea of, “Save early; save often.”

Always start at the amount to get your full employer 401K match, say 3%, and then increase the amount every year after your raise by 1%, until you get to 10%. This strategy, shown as green, does not put you too far behind someone who started off at 10%, shown as purple. Just don’t stay on the blue line.
Chart of the Day

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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