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Paul Scott, President, ChFC®, LUTCF

Contact Us

2115 Lafayette Blvd
Fredericksburg, VA 22401
  • Phone:
    (540) 891-9331
  • Fax:
    (540) 898-2915
  • E-mail address: paul.scott@voyafa.com
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Paul Scott, President, ChFC®, LUTCF

Printed from: www.paulscottinsurance.com
  • Scott Insurance & Financial Services Inc
  • 2115 Lafayette Blvd, Fredericksburg, VA 22401
  • (540) 891-9331 | paul.scott@voyafa.com

Savings Goals

Are You on Pace to Meet Your Savings Goals?

To determine the total value of your savings, add up your bank accounts, investments, and other liquid funds. Do not include pension plans and home equity.

Setting a goal is a crucial step in meeting your savings objectives. Do you have specific savings goals, or are you merely hoping you’ll have enough when the need arises?

This calculator is designed to help you determine how much you need to save each year to meet your savings goals.

Experts typically recommend people should have an emergency savings fund to cover 3 to 6 months of living expenses.

 

Are you able to save the annual amount needed to pursue your targeted savings goal? If not, you may need to reexamine your savings plan and make some adjustments. You can change some of the variables to see how they affect your results.

Your Results

Total value of current savings: $0
Number of years you have to save: 0
After-tax rate of return you expect on your investments: 0%
Annual savings required: $0

Are you satisfied with your savings accumulation? This graph shows the amount you would have to save each year to meet your goal at various rates of return. But remember that one of the most important steps you can take to work toward your goals is to avoid procrastination. Start saving for your goals today.

Impact of Rate of Return on Annual Savings Required

 

The information provided is not specific investment advice, a guarantee of performance, or a recommendation. Rates of return will vary over time, particularly for long-term investments. Investments offering the potential for higher rates of return also involve a higher degree of risk.

This hypothetical example is used for illustrative purposes only. Actual results will vary.

The information in this calculator is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

This material was written and prepared by Emerald Connect, LLC.
© 2019 Emerald Connect, LLC. All Rights Reserved.

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Contact Us

2115 Lafayette Blvd
Fredericksburg, VA 22401
  • Phone:
    (540) 891-9331
  • Fax:
    (540) 898-2915
  • E-mail address: paul.scott@voyafa.com

Investment adviser representative and registered representative of, and securities and investment advisory services offered through Voya Financial Advisors, Inc. (member SIPC)

Federal and state insurance and securities rules and regulations prohibit registered representative(s) and/or investment adviser representative(s) from soliciting, offering and selling any insurance or securities products or providing investment advice until they are properly registered and licensed in each state jurisdiction.

Scott Insurance & Financial Services, LLC. is not a subsidiary of nor controlled by Voya Financial Advisors, Inc.

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