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THAT CD!Earn 3.25% APY

with a GBU* Preferred 8 tax-deferred annuity.

$10,000 minimum deposit.2.0% minimum guarantee.

Call today as rates may change at any time.*GBU Financial Life is a 127 year old fraternal benefit society domiciled in PA.

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Goals. Do you have them for any area of your life? If you’re like me, the answer is yes, but are they clear and defined? Do you actually follow through with them? Be honest with yourself. If clear and realistic goals are identified, the behaviors that lead to their fulfillment can be started. These steps also apply to effective retirement planning. Without goals to direct energy and resources, results will be disappointing. With clear and realistic goals, plans can be made, energy and resources can be focused and progress can be measured over time.

Retirement savings is about establishing priorities (goals) and making choices, as difficult as that may sound—and there will always be difficult choices to make. Every stage of life has its financial challenges, whether it be saving for a down payment on a first home, paying off student debt or starting to fund college accounts for young children. There will never be a perfect time to start saving, but young people need to understand that they can’t afford to wait.

It doesn’t have to be complicated; young clients should start by investing in their company’s

401(k) and an IRA/Roth IRA. At the very least they should be investing enough to

receive the company match—what we all call “free money.” Another suggestion is to set up your plan so that the

contribution rate increases annually or with each raise. Most experts, who have done the math, place the recommended savings contribution

rates between 15% and 18% of earned income, depending on income level

HELP US GO GREEN

Join our email list today. We respect your privacy

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EMAIL: riestererfinancial@rfsadvisors.net

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Financial & Retirement Goals

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Dan Carlson

and other assumptions. That can seem like a big number, so start with something more realistic for your situation. Why? Let’s look at some of the real numbers facing many Americans today; among workers age 55 or older and nearing retirement, 48% have saved less than $100,000.

A third have less than $25,000. These statistics are both eye-opening and scary! The Center for Retirement Research estimates that individuals starting at age 25 will have to save 15% of their income until age 65 to achieve an 80% income replacement rate in retirement. That savings rate jumps to 24% for those who start at age 35, and 41% for 45-year-olds!

Certainly, it’s never too late to start. But waiting too long to start saving can make it very tough to catch up. Delaying even just a few short years can make a big difference in one’s total accumulation. Looking at it another way, assuming an average return of 6% per year compounded monthly, to reach $1 million in retirement savings by age 65, someone would need to save $363 a month beginning at age 20. Delay until age 30 and the contribution rate almost doubles to $702 a month. $1 million may or may not be enough for you, but this gives you an idea of the savings rate needed to achieve that number.

We look forward to continuing to partner with you to help you achieve your financial and retirement goals.

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HOLIDAY OFFICE HOURS

Apple ButterSpice Cake

Ingredients

Topping• 1 cup packed brown sugar• 1 teaspoon ground cinnamon• 1/2 teaspoon ground nutmeg• 1/2 cup chopped pecans

Cake• 2 cups all-purpose flour• 1 teaspoon baking powder• 1 teaspoon baking soda• 1/2 teaspoon salt• 1/2 cup butter, room temperature• 1 cup white sugar• 3/4 cup apple butter• 1 teaspoon vanilla extract• 1/2 cup whole bran cereal or wheat germ• 1 cup sour cream• 2 eggs, room temperature

Directions

1. Preheat oven to 350 degrees F (175 degrees C). Grease a 9x13-inch pan.2. Prepare the topping by mixing together the brown sugar, cinnamon, nutmeg, and chopped pecans.3. Sift together the flour, baking powder, baking soda, and salt.4. Beat butter and sugar together in a large bowl with an electric mixer until light and fluffy; add eggs one at a time, thoroughly beating each egg into the butter mixture before adding the next. Add apple butter, vanilla, and wheat germ or bran cereal. Add sifted dry ingredients alternately with sour cream; mix well after each addition.5. Pour half the batter into the prepared pan; sprinkle with half of the topping. Pour remaining batter into pan and top with the rest of the topping.6. Bake in the preheated oven until a tester inserted in the center comes out clean, about 40 minutes.

New Office HoursOur office will close at 3:30 pm on Fridays.

Hello! I’m Ruth Wasmer, and I recently became a health insurance advisor at Riesterer Financial. Many of you have already worked with me (in person or by phone) in my previous role as the customer service representative for Riesterer Financial’s health insurance department.

My health care knowledge includes experience with a hospital system, as well as a regional health insurance company. I am a licensed life and health insurance agent and help clients find health plan solutions that work, including Medicare plans as well as individual/family health plans for short or long-term needs. I can also assist clients with dental, vision and hearing coverage and final expense plans. My approach to relationships is based on respect and compassion, with a goal of providing clients the information they need to make important choices about their health care.

My husband, Tony, and I enjoy traveling and spending time with our children and grandchildren. My interests include writing, gardening and reading.

• November 28 & 29 - Thanksgiving [Closed]• December 24 - [Closing at noon]• December 25 - Christmas [Closed]• December 31 - [Closing at noon]• January 1, 2020 – New Year’s Day [Closed]

A MESSAGE FROM... Ruth Wasmer

Enjoy!

The 12th Annual Motorcycle Ride & Benefit was held on Saturday, July 27, 2019 with approximately 60 participants!

The group went on a scenic ride, stopping at Mineshaft in downtown Hartford for lunch. On the way back, we took an ice cream break at Kelly’s Country Creamery south of Fond du Lac.

All proceeds were donated to Denmark Sting Cancer, a group dedicated to helping reduce personal financial burdens that may accompany a cancer diagnosis. Thank you for your donation!

If you weren’t able to attend this year, we hope you’ll consider riding with us next summer!

12th Annual Motorcycle Ride & Benefit

Left: Riesterer Financial recently presented a $2,260 donation to Denmark Sting Cancer.

Visit us at www.rfsadvisors.net

Like us on Facebook!Search: Riesterer Financial

View upcoming seminars, events, and more!

If your family member or friend is changing jobs, losing health coverage or becoming Medicare eligible soon, I would be happy to review their health plan options. Please reach out to me at Riesterer Financial, at 920-894-7835, or rwasmer@rfsadvisors.net.

Ruth Wasmer