Your financial legacy is about more than the assets you leave behind. Learn how family legacy planning can help you communicate your values, teach financial responsibility and create a meaningful plan for the next generation.
Starting your first investment account can feel overwhelming.
Questions like:
Where do I start?
What should I invest in?
How much should I contribute?
Am I doing this correctly?
are completely normal.
The good news is you do not need to have everything figured out to begin building wealth.
Questions like:
are completely normal.
The good news is you do not need to have everything figured out to begin building wealth.
At Plumb Financial, we believe the most important step is simply getting started.
Before opening a separate investment account, the first place to look is your employer retirement plan.
This may include:
Why start there?
Because your employer may be offering free money through a company match.
Many employers encourage retirement saving by matching a portion of what employees contribute.
For example:
That means additional money is being added to your retirement account without you working extra hours.
Even if you are on vacation during that pay period, the contribution still happens.
That match is part of your compensation, and taking advantage of it can be one of the smartest first steps in investing.
Once you understand your company match, the next step is building those contributions into your monthly cash flow.
Even starting small can make a difference over time.
Consistency matters more than perfection.
The earlier you begin saving and investing, the more time your money has to potentially grow.
After deciding how much to contribute, the next question is usually:
“What should I actually invest in?”
There are many investment options available, but one common Wall Street guideline is this:
A traditional rule of thumb is:
For example:
This approach generally becomes more conservative as people get older.
Younger investors often have one major advantage: time.
If retirement is still 20, 30, or even 40 years away, there may be more opportunity to ride out market ups and downs over time.
Because of that, some younger investors may choose to take on more growth exposure within their portfolios.
On the other hand, investors closer to retirement may prioritize stability and income over aggressive growth.
Everyone’s comfort level with risk is different, which is why investment strategies should be personalized.
Many people delay investing because they feel they need a large amount of money to begin.
That is not true.
Starting with even a small contribution can help build good financial habits and long-term momentum.
The goal is not to be perfect on day one.
The goal is to begin building a foundation for your future self.
Investing is not only about growing wealth.
It is about creating future opportunities, flexibility, and financial confidence.
Whether you are opening your first 401(k), IRA, or investment account, taking that first step can have a major impact over time.
At Plumb Financial, we help individuals and families create investment and retirement strategies designed around their goals, timeline, and comfort level.
If you are ready to start saving and investing for your future, we would love to help you take the next step.
Your financial legacy is about more than the assets you leave behind. Learn how family legacy planning can help you communicate your values, teach financial responsibility and create a meaningful plan for the next generation.
Now here is the real question:
Can your business actually function without you?
At Plumb Financial, we work with many business owners who have built successful companies—but often, the business still depends entirely on them to operate every day.
If every decision flows through you, your clients only want to work with you, and the business cannot run when you step away, then you may not truly own a business yet.
You may own a job.
One of the biggest concerns many retirees have is taxes.
After years of saving into retirement accounts, many people are surprised to learn that taxes can still play a major role in retirement income planning.
One strategy that may help reduce taxes later in life is a Roth conversion.