Kaleigh Price, CFP, Financial Advisor, Lincoln Investment

Teachers! It’s that time of year again! While this year’s back to school season is much different than it has been in the past, it is still the perfect time to start thinking about opening or increasing contributions to your 403(b). If you have questions regarding your 403(b) and/or PSERS, please let me know. I’m here to help you understand all of your options!

There are many options when it comes to saving for college for your children. No matter what option you choose, it is typically better to start saving early. This article will give you an overview of some of your options, but I am here to answer your questions and help get you started.

I usually hear more about how much someone is investing than when they started. Below is an illustration of two clients, investing the same amount and experiencing the same return. The difference in their accumulated values can be explained by compounding. Compounding is the cumulative effect that reinvesting an investment’s earnings can have by generating additional earnings on their own. The earlier you start investing, the sooner you may be able to experience the benefits of compounding. Let me know if you are interested in starting to save for retirement or saving towards additional goals you may have!