2019 Has Arrived. It's Time to Plan Long Term!

plan long term

For most of us, 2018 has come and gone. The year's pleasures and pains, joys, and sorrows, are all in the books. It's time, we think, to look ahead to a new year and new goals.

And when it comes to meeting your financial goals, having a long-term plan starting in 2019 is critical.

The most important part of creating a plan: being proactive. As Jeff Bezos, Amazon founder, once said, "Overnight success takes 10 years."

Here are three quick steps you can take to start yourself on the road to financial success in 2019:

Create a plan for your money

The first and most important thing to do is actually creating a financial plan.

It might be boring, it might be hard, and probably nobody will give you credit for doing it. Do it anyway. You’ll be glad you did.

Develop saving habits

Start by saving small and manageable amounts.

Even a small goal like saving $20 a week adds up to $1,040 in one year. If $1,040 invested in a Roth IRA gains 7% per year over five years, it will grow to $1,459. That’s a $419 gift to you – just for saving $20 a week in one year.*

Do it now

With compound interest, time is on your side. By starting to save today for your retirement, you’ll get greater rewards in the future. If you invest that $1,040 at age 29, when you retire at age 65, that little sum will have grown to $11,881.* That’s the power of saving and compound interest!

Finhabits makes it easy to open or roll over an IRA. And don’t worry if you don’t have much experience with this type of account. Our app is designed to guide you through the process.

To open an IRA or personal investment account, visit app.finhabits.com or download the app from the App Store or Google Play.

* The expected returns shown in the examples above are calculated using a 7% annual gain over 5 years and 36 years, respectively. The performance is hypothetical and does not represent actual performance. Actual performance may vary. Investment involves risk, including the loss of capital



This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The information and opinions contained in this post are derived from proprietary and nonproprietary sources deemed by Finhabits to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Finhabits, its officers, employees or agents. This post may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this post is at the sole discretion of the reader.

Investment advisory services offered through Finhabits Advisors LLC, an SEC registered investment adviser. Registration does not imply a certain level of skill or training. Past performance is no guarantee of future results or returns. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in loss. All information herein as well as any communications on social media is not an offer, solicitation of an offer, or advice to buy or sell securities or services. Securities offered through Apex Clearing Corporation, Member FINRA, SIPC. Securities in your account are protected up to $500,000. See SIPC.org for more details. By using this website, you hereby consent to our Terms of Use and Privacy Policy. A person shall only become a client of Finhabits when he or she has signed the advisory agreement and acknowledged receiving all disclosures from Finhabits. Exchange Traded Funds are provided by Vanguard and iShares, registered trademarks of The Vanguard Group Inc. and BlackRock Inc.

Insurance services offered through Finhabits Insurance Services LLC, a licensed producer in the following states: California (license 6001946), Florida (license L109638), Georgia (license 217713), Illinois (license 3001250376), and Texas (license 2510873). All information herein as well as any communication on social media is neither an offer to sell insurance nor an advertisement of insurance in any place except the states California, Florida, Georgia, Illinois and Texas. Finhabits Advisors LLC is not a fiduciary to insurance products or services.