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Decisions that you make today can pay big dividends down the line.
You probably know to within a few dollars how much you make monthly or annually at your current job. But how much will you have to live on in retirement? It's important to know that as well. Your annual savings, expected rate of return, inflation and your current age all will have an impact on your eventual monthly retirement income. Use this calculator to see where you stand and whether you need to step up your current savings and investment totals. You probably know to within a few dollars how much you make monthly or annually at your current job. But how much will you have to live on in retirement? It's important to know that as well. Your annual savings, expected rate of return, inflation and your current age all will have an impact on your eventual monthly retirement income. Use this calculator to see where you stand and whether you need to step up your current savings and investment totals.
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If you're between the ages of 14 and 17, you and a parent/legal guardian can open your Student Rewards Checking by visiting your nearby TCU branch. Be sure you each bring two forms of valid ID. You can find a list of acceptable IDs here.
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Developing a budget based on your monthly income, expenses and savings is the first step.
Even a small, regular contribution toward your retirement has the potential to grow into a large nest egg.
It is important to build up your savings to cover emergencies and to plan for your future. As a general rule, you should maintain enough savings to cover three to six months of your regular expenses.
Want to know more? Call or visit your local TCU service center or book an appointment when it's convenient for you.
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