Avoiding a savings shortfall Maximizing your retirement income Keep yourself on track by following these preventative measures:   Decide on a realistic amount to save. If your income varies or is seasonal, select an achievable amount for each month and try to save that amount. Try to follow your plan, save regularly, and increase your savings whenever you can. Think of your planned savings as a fixed obligation and set this money aside from disposable income. Practice careful shopping and resist impulse buying. Periodically review your progress toward your goals. Adjust the amount you save as old financial goals are met and new ones are set. If you receive a gift of money, an increase in salary, a tax refund, or other unexpected funds, consider applying as much of this money as possible to your savings goals. Try to build and maintain an emergency fund equal to three to six months of your salary. Try to save for your recurring expenses, such as taxes or insurance premiums. Estimate how much to set aside each month to meet those expenses. You might also consider saving money for annual vacations, household improvements, and holidays and gift giving as recurring expenses. Try to guard against borrowing money, or building credit card debt. Fund objectives, risks, charges, and expenses should be carefully considered before investing. A prospectus containing this and other important information can be obtained by calling (866) 676-7680 or by visiting this page on russell.com. Please read the prospectus carefully before investing. Copyright © Russell Investments 2005. All rights reserved. This material is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from Russell Investments. It is delivered on an as is basis without warranty. Russell Investment Group is a Washington, USA corporation, which operates through subsidiaries worldwide, including Russell Investments, and is a subsidiary of The Northwestern Mutual Life Insurance Company. Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. Securities products and services offered through Russell Financial Services, Inc., member FINRA, part of Russell Investments. For information on the Financial Industry Regulatory Authority, go to www.finra.org. First used: May 2008 RFD 08-0240			RELATED Articles Saving for Retirement Understanding Compounding Developing Your Investment Strategy Printer friendly version of this page Send feedback or comments Site Search

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