Skip to main content

How to get started:

Feel like you’re at a crossroads? Ellevate 101 introduces you to the community that can give you a career kickstart.

We’ll walk you through some light intros and give you space to connect about shared career experiences. You’ll also learn how to use your Ellevate program to continuously make moves towards success at work.

Our next live welcome session is .

Register here for your chance to get started

4 women lined up supporting each other

​Retirement Primer: Focusing on the End Game

​Retirement Primer: Focusing on the End Game

What can you do today, to help your future-retiree-self?

What will make you happy tomorrow?

Susan Kazanas, the Founder and Principal of Finance Lab, led a Jam Session addressing these questions and more.

Start with defining your goal, and picturing your ideal end-state. Ask yourself questions. First one: how soon do you want to retire? Answering that will put your goal into context.

But a goal without a plan is merely a wish.

Start saving early, steadily, and master the magic of compounding. The cornerstone to your savings are your personal and retirement saving, assets and Social Security. The earlier your start saving, the more disciplined you will become with respect to your saving routine. Naturally, this diligence is also helped through tax benefits and flexible investment options, tailored to your investment style.

Determining your own equilibrium is key. You want to distribute your capital and regulate your expenses accordingly. Once again, ask yourself questions: What percentage would you want to invest in assets as stocks and bonds? How would you place yourself on the aggressive-conservative investing spectrum?

Keep in mind the key parameters of investing. Stocks are usually a more volatile than bonds. Diversification remains essential. It lowers your risk and increases your returns.

Mutual, pooled or funds of funds have been ruling the investment arena. The trick at grasping them is to figure out which one matches your investment style, best. The basic criteria relate to the funds’ type, its expenses, ratings, risks and returns. Evaluation tools are key to assess your fund selection. Often-recommended, is free and an industry-standard site that offers respected guidance in personal fund evaluations.

As you mature through life, so too should your investment style. Safeguarding, dividing up your funds to lower your potential risk of loss and guarantee your money's safety, allows you to review and rebalance your equilibrium to avoid any surprises in your portfolio. Besides the advisable annual review, life events are the most crucial safe-guarding moments: marriage, new job, a baby or more and moving.

Some tips: set up multiple accounts, linked to your investment core account. Once dividends and gains are earned, reinvest them to keep the investment-engine well-oiled and running. As returns grow, assign beneficiaries. No matter the performance of your investments, set up a time table to rebalance regularly in order to maintain the asset allocation you have chosen.

When it gets tough and messy, and it might indeed, don’t panic. Re-focus on your ultimate goal, and adjust your risk levels accordingly. Review your spending continuously, in order to save as much as you can. Take full advantage of 401K benefits. Above all, consider your assets comprehensively. When in doubt, always go back to your first wish; what will make you happy tomorrow?

Want to learn more? Listen to the full Jam Session: