Tom Meaglia photo

Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

July/August 2023

Financial Security Begins When You're Young

composition of portraits of business people of all ethnicities.

When you tossed your mortarboard in the air at graduation, you probably weren’t thinking about the day you would retire. But planning for retirement starts decades before you ever leave the workforce. Ideally, it begins with your first adult job and continues throughout your career. Taking steps to ensure your success should be a priority.


Defining Goals
You can’t get where you want to be if you don’t know where you’re going. Setting goals should be your first step once you start working, even though some of those goals may change over time. Set short-term goals for wants that are a few months or years away, such as saving for a car or starting an emergency fund. Mid-term goals have a longer time frame. They might include paying off student loans or saving for the down payment on a house.


Long-term goals are far in the future. Saving for retirement is the goal that will take the longest and require the most money. Starting to save early in your career is your best route to success.


Choosing a Career
Earning potential is important when you’re choosing a career, but it isn’t the only thing to consider. Job satisfaction is just as important if you hope to thrive. Start by researching jobs in a field that interests you and look at the long-term career prospects.


Consider whether there are opportunities for travel if that is important to you — or the ability to stay local if it’s not.


Saving Smart
Take advantage of any tax-advantaged savings opportunities for which you’re eligible. Your employer’s 401(k) plan, traditional and Roth individual retirement accounts, and health savings accounts (HSAs) offer tax benefits that can help you accumulate savings.

Networking
Joining professional organizations will help you meet people in your field. Interacting with others who have similar interests could lead to new career opportunities.


Managing Finances
Your success at saving enough for a secure retirement will ultimately depend on your ability to prudently manage your finances. By living within your means and keeping your spending in line with your financial obligations, you will have the best chance for achieving your retirement goals.


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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
Meaglia Financial Consulting and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

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