Einstein's 8 th wonder was the power of compounding interest. The key to savings is the time value of compounded returns – the Rule of 72 – the number of years it takes for an investment to double your money is your annual return divided into the number 72 (i.e. a 6% annual return doubles your money every 12 years). It is important that you are saving TODAY for the Future.

Saving for Retirement :
Retirement savings is a long term plan with a goal of retiring at a certain age and having a certain lifestyle. Working with a financial planner will help you in establishing the financial requirements to achieve these goals. Helpful hint: make sure you are taking full advantage of a company's match in a retirement plan.

Saving for Your Children's College Education :
Children grow up faster than think and the only thing that grows faster is the cost of college – so the time to begin saving for their education is in their early ages. Consult your financial planner regarding the number of options available for saving money for your children's future college education.

Saving for security :
The future is never predicable and having a savings account with 6 + months of your income will help you get through those unexpected rough times that we all face from time to time.

Saving for a want or desire :
The best way to make sure that bad debt does not become part of your life is to budget and set a goal of paying cash for those want items you cannot live without.