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The best way to build a nice nest egg? Figure out how much you need and start saving as soon as possible.
Statistics show that many Americans underestimate how much they'll need to live comfortably in retirement. This doesn't have to happen to you. This calculator will help you create a smart savings plan. It's easy to plug in a few numbers and determine whether your current investments and your expected Social Security benefits will be sufficient to meet your expenses in retirement.
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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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