It’s Never Too Early To Start Saving

It all began about 30 years ago when I met Steven Kanner at a Chiropractors’ Convention. Steve was an experienced Certified Financial Planner. I was just starting my Chiropractor career, and he stressed the importance of saving money for the future and doing it right. But I was young and single, and the future seemed so hazy and far off. Creating a financial plan was the last thing on my mind. That was something that people did after they got married and started their families. I thought it was too early for me to start saving.

I thanked Steve and headed back to my life of healing patients. But Steve’s words stuck with me, and about two years later, I realized he was right. I needed to have a plan, even though my wife and I didn’t have children yet. So, I called Steve. He remembered me instantly and I became a client. Steve helped me put away money, not just for emergencies, but also to establish a base that would build up over time.

It grew into a sum that I could use in a tax-advantaged way. As my practice became more successful, I was able to use the money as leverage to help me expand, eventually opening 20 practices in three states. Other doctors asked me how I did this. I didn’t go into debt. I basically borrowed money from what Steve and I set up.

Save With Partners You Can Trust

After I retired, I joined Steve, and we formed Wealth Preservation Planning LLC. Our goal is to help chiropractors, business owners and individuals become successful while protecting their families. We help them build a nest egg for a comfortable retirement. I’ll bet many of you are like I was three decades ago.

A 2019 survey by Bankrate showed that only one in five Americans set aside any of their annual income. This means that 80 percent of the U.S. population has nothing saved for retirement. Those who do save put away less than they need for retirement. Only a small percentage of the people who save are saving more than 15 percent of their income, which is what experts recommend. Most people also wing it when it comes to financial planning.

You Can’t Buy Time Back

The longer you wait to develop a plan to start saving money, the more time you lose for your money to start working for you. But it’s not too late. Regardless of the business you’re in or your life stage, we can develop a customized plan that will help you save money in the most beneficial way possible. You don’t have to do this on your own. We’ll be with you every step of the way. Contact Wealth Preservation Planning LLC today at info@wppllc.net or call (866) 212-9696 or visit our website at www.wppllc.net.