Article: What a difference 1% makes.

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Puthan(VJ) Vijayan is the Principal member of PMV Investment Advisors, LLC. The firm is a Registered Investment Advisor. VJ is a Certified Estate Planner and Registered Financial Consultant, with over 15 years of planning and investment experience.

Many of us find that there is little left, each month, for savings.  Also, most of us participate in employer sponsored retirement plans, and many of us are searching for ways to save more without hurting our lifestyles.  But there is a silver lining.

For example-say you earn an annual sum of $50,000 and when you increase your contribution into the employer sponsored retirement plan by 1%, retirement savings can increase by $39,500, after 25 years.  Most plans have an employer match  to a portion of  your contributions, which  increases your total contributions annually.  In this example, the 1% increment translates to little over $19,every two weeks.  Remember your contributions are pretax dollars. It goes to show what a difference 1% makes.

Puthan(VJ) Vijayan
PMV Investment Advisors,LLC

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