Saving Strategies


The below chart will give you a baseline investment strategy depending on where you are in your career.
 

20’s

Time is on your side. Save $100 a week in your 401k starting at age 25. In 40 years your nest egg will be $1.5 million, given an 8% return on investment. Meet with your Halliday advisor to select the most appropriate investments within the 401k.

30’s

Save $200 a week in your 401k starting at age 35. In 30 years, your nest egg will be $1.3 million, given an 8% return on your investment. Meet with your Halliday advisor to select the most appropriate investments within the 401k.

40’s

Develop a high-quality, comprehensive financial plan to take action toward your goals. The plan will make sure your assets, income, expenses, and liabilities are in focus for your current and future goals. Your Halliday advisor can help you create the plan and offer timely reviews to make sure the plan remains aligned with your goals.

50’s

Your retirement goals are in sight. Understand your options for your 804 sponsored retirement income sources: pension, 401k, and annuity. Consider maxing out your 401k. Take advantage of the pre-retirement exit interviews offered by Halliday Financial. The meeting will give you a clear focus as to what your future income and expenses will look like. We will clearly identify any gaps in the plan and help you minimize the risks that all retirees will face.

60’s

Visit the social security website (ssa.gov) to review your options. Meet with your Halliday Financial advisor to discuss social security and Medicare planning. Know your full retirement age and be aware of the social security penalty! 

 

No matter where you are in your retirement plan we are here to aid you along your journey. Let’s take that first step together.


The below links are valuable resources to help you
know and understand your finances.

Set Up Your
401(k) Plan


Survival / Desired
Expense Worksheets


Important Ages
All Retirees Must Know


Why Do
We Invest?


Pension Summary
Planning


Request Current
Estimate of Benefits


Social Security
Article

If you are unsure about any of the above or have additional questions, please get in touch with us today!


Follow the below step-by-step guide. If you need assistance please feel free to Contact Us for assistance.

 

  1. Log onto www.teamsterups401kplan.com
  2. Click “I’m Interested in Joining”
  3. Click “Enroll in the 401 (k) Plan today!”
  4. This brings you to another page, the Prudential.com homepage
  5. If you are not registered click on “First time logging in?” then the Blue Registration Box
  6. Enter User Identification; fill out:
    • Social Security Number
    • Date of Birth (mm/dd/yyyy)
    • Zip Code
    • Unique Code
  7. Then click the “NEXT” button and follow the instructions