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Saving for retirement with the help of Arbor Financial Credit Union

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Posted at 11:42 AM, Aug 21, 2020
and last updated 2020-08-21 11:42:51-04

You can look at the long and short term goal of savings money and get some great guidance from Arbor Financial Credit Union.

Saving short term is something people struggle with the most, with four out of 10 Americans only being able to cover a one-thousand-dollar financial emergency. Try taking small steps to that goal, is their advice. Arbor has a four percent momentum checking and it will pay you 4 percent up to $15,000.

On the long term side of things, if you are in your 20s, putting at least $100 into your 401k or savings. With compounded interest, you cold have upwards of $400,000.

Watch this wonderful segment for more helpful advice. To learn more, simply visit arborfcu.org