Join our weekly #CreditChat on Twitter & Blab every Wednesday at 3 p.m. ET. The panel included: Walter Updegrave: Former CNNMoney Ask the Expert columnist and Founder of RealDealRetirement.com, Kiplinger Retirement Report, Rod Griffin- Director of Public Education at Experian and Mike Delgado- Social Media Community Manager at Experian. This deck features tips from: @taynelawgroup, @KOFETIME, @kevincswanson, @JustOnePay, @SFCUNews, @FedChoiceFCU, @LeslieHTayneEsq, @AirForceFCU, @care4yourfuture, @StopFraudCo, @KiplingerRetire, and @FrogskinU.

1. Investing 101
How to Prepare for Retirement
#CreditChatWednesday | 3 p.m. ET

2. Join our #CreditChat every Wednesday at 3 p.m. ET.
This week, we talked about how to prepare for retirement.
ex.pn/retire

3. When should we start putting money toward
retirement?
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Wednesday | 3 p.m. ET

4. #CreditChat
Wednesday | 3 p.m. ET
“Retirement is a lifelong investment.
It is never too early or too late to start
planning and saving at any age!”
- @taynelawgroup

5. #CreditChat
Wednesday | 3 p.m. ET
“Ideally, start saving for retirement
in your 20s - you want as much time
as possible for your money to grow.”
- @kevincswanson

6. #CreditChat
Wednesday | 3 p.m. ET
“Small investments made sooner do better
than big investments for less time.”
- @JustOnePay

7. #CreditChat
Wednesday | 3 p.m. ET
“Employ good savings habits as early
as possible regardless of income! Or
start a Family 401(k)!”
- @KOFETIME

8. What factors should be included in a retirement
planning strategy?
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Wednesday | 3 p.m. ET

9. #CreditChat
Wednesday | 3 p.m. ET
“When planning for retirement, you
should take into account how old you
are now and at what age you want to
retire.”
- Southeast Financial
@SFCUNews

10. #CreditChat
Wednesday | 3 p.m. ET
“There are several, but debt, income,
long-term living arrangements, and
estate planning are all factors to
consider.”
- @LeslieHTayneEsq

11. #CreditChat
Wednesday | 3 p.m. ET
“When starting out, if your company offers a
401(k) with a match, save at least that much.”
- @Rod_Griffin

12. #CreditChat
Wednesday | 3 p.m. ET
“Start with the basics; income vs
expenses and how long you will need
income. You don’t want to outlive
your money.”
- @kevincswanson

13. How much should you save for retirement?
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14. #CreditChat
Wednesday | 3 p.m. ET
“You have to look at how much you
spend, and how much debt you’re in
to determine your ‘number’.”
- @FedChoiceFCU

15. #CreditChat
Wednesday | 3 p.m. ET
“Would be easy to say as much as possible, but
really it’s as much as you need to live the life
you want. Not as simple.”
- @Rod_Griffin

16. #CreditChat
Wednesday | 3 p.m. ET
“Retirement savings: treat it like a
bill in your current budget so you’re
covered monthly and saving for your
future.”
- @KOFETIME

17. What options are available for investing for
retirement?
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Wednesday | 3 p.m. ET

18. #CreditChat
Wednesday | 3 p.m. ET
“Look for tax-efficient options for
retirement savings, dependent on
your situation. 401(k) versus Roth
IRA.”
- @kevincswanson

19. #CreditChat
Wednesday | 3 p.m. ET
“Check with your employer to see if they will
match your 401(k) contributions.”
- @LeslieHTayneEsq

20. #CreditChat
Wednesday | 3 p.m. ET
“Thrift Savings Plans, 401 (k) plans,
and IRAs are popular ways to save
and invest for retirement.”
- @FedChoiceFCU

21. How are a 401(k), a 403(b) and an IRA
different?
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22. #CreditChat
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“401(k) is from a for-profit company,
403(b) is from a tax-exempt
nonprofit, and IRA is from personal
retirement savings.”
- @AirForceFCU

23. #CreditChat
Wednesday | 3 p.m. ET
“A 401(k) has a matching
contribution from your employer.
Which means ½ of the contributions
are free money, take advantage!”
- @KOFETIME

24. #CreditChat
Wednesday | 3 p.m. ET
“401(k)s are employee-sponsored with limited
investment choices; an IRA has access to many
more security investment choices.”
- @kevincswanson

25. #CreditChat
Wednesday | 3 p.m. ET
“Think of it like: 401(k) through
employers, 401(b) for public ed/tax
exempt, and IRA for individuals.”
- @JustOnePay

26. What is the difference between a traditional
plan and a Roth plan?
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Wednesday | 3 p.m. ET

27. #CreditChat
Wednesday | 3 p.m. ET
“With a traditional plan,
contributions are taxed when they
withdraw. With Roth, contributions
have already been taxed.”
- Southeast Financial
@SFCUNews

28. #CreditChat
Wednesday | 3 p.m. ET
“With traditional IRA you pay taxes when you
withdraw the money in retirement. With Roth
IRA you pay the taxes on the front end.”
- @LeslieHTayneEsq

29. #CreditChat
Wednesday | 3 p.m. ET
“Both Roth and traditional IRA grow
tax free in your account; IRA is taxed
when you withdraw and Roth when
you contribute money.”
- @KOFETIME

30. Should asset allocations change as we get
older?
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Wednesday | 3 p.m. ET

31. #CreditChat
Wednesday | 3 p.m. ET
“As you get older, shift your portfolio
to bonds and money-market funds.
Your tolerance for risks decreases as
you age.”
- @care4yourfuture

32. #CreditChat
Wednesday | 3 p.m. ET
“As you get older, look to gradually increase
your retirement contributions each year.”
- @taynelawgroup

33. #CreditChat
Wednesday | 3 p.m. ET
“Reevaluating your investment
strategy as you age is important.
Researching is important at any
age.”
- @StopFraudCo

34. What should we know about taxes and
retirement?
#CreditChat
Wednesday | 3 p.m. ET

35. #CreditChat
Wednesday | 3 p.m. ET
“Benefit from tax diversification by
holding traditional retirement
accounts, Roth accounts and taxable
accounts.”
- @KiplingerRetire

36. #CreditChat
Wednesday | 3 p.m. ET
“Remember, your accounts are going to be
taxed; the question is do you want to be taxed
now or later?”
- @care4yourfuture

37. #CreditChat
Wednesday | 3 p.m. ET
“Taxes and retirement: know your
tax bracket so you choose wisely,
Roth or IRA, and pay less taxes either
now or later.”
- @KOFETIME

38. How often should you review your retirement
investments?
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Wednesday | 3 p.m. ET

39. #CreditChat
Wednesday | 3 p.m. ET
“It’s good to touch base with your
retirement goals once a year, see if
they align with your budget saving.”
- @FrogskinU

40. #CreditChat
Wednesday | 3 p.m. ET
“As a general rule, once a year so you can make
sure your asset allocation still makes sense for
your age and goals.”
- @LeslieHTayneEsq

41. #CreditChat
Wednesday | 3 p.m. ET
“It’s good to assess your retirement
plan at least once a year and make
any adjustments based on what you
see.”
- Southeast Financial
@SFCUNews

42. Any final tips for those trying to invest for
retirement?
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Wednesday | 3 p.m. ET

43. #CreditChat
Wednesday | 3 p.m. ET
“It can be intimidating to start, but
it’s easier than you think! Save
yourself stress in the future and start
today.”
- @JustOnePay

44. #CreditChat
Wednesday | 3 p.m. ET
“Contribute early and regularly. Let
compounding interest work for you by starting
asap. Remember, time is money!”
- @care4yourfuture

45. #CreditChat
Wednesday | 3 p.m. ET
“Start saving early so that time is on
your side. Try to increase the
percentage you save with every raise
you get.”
- @KiplingerRetire

46. #CreditChat
Wednesday | 3 p.m. ET
“Retirement is the reward of a lifetime of work,
make sure you prepare for it as best as you can
so you can enjoy it!”
- @taynelawgroup

47. #CreditChat
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Check out all the resources and tips shared:
ex.pn/retire

48. #CreditChat
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