Accumulation
Maximize Your Savings and Enjoy Life’s Prime
You’re in your prime earning years, and now is the time to build on the foundation you’ve created. Whether you’re aiming to retire early, invest wisely, or simply maximize your surplus savings, Nelson Murphy is here to help you achieve your financial goals while still enjoying life to the fullest.
Max Out Retirement Savings
Retirement may still be a few years away, but now’s the time to get strategic and maximize your contributions. If you’re not already maxing out your 401(k) or IRA, this is the stage where you should aim to do so.
401(k) Catch-Up Contributions: For those over 50, the IRS allows extra contributions to your 401(k) and IRA accounts. These “catch-up” contributions give you the opportunity to ramp up your retirement savings in the final stretch.
Diversify Your Retirement Accounts: In addition to employer-sponsored 401(k)s, it’s a good idea to explore other retirement savings options like Roth IRAs or self-employed retirement accounts, if applicable. Nelson Murphy will help you optimize your retirement plan to take full advantage of tax benefits and growth opportunities.
Surplus Savings:
Make Your Extra Cash Work For You
High-Yield Savings Account
For emergency savings or short-term goals, we recommend high-yield savings accounts. They offer liquidity and flexibility, but with a higher return than traditional savings accounts.
Tax-Efficient Investment Planning
Nelson Murphy focuses on tax-efficient strategies to help you maximize investment opportunities through stocks, bonds, mutual funds and/or ETFs without unnecessary tax burdens.
Strategic Investment Planning: Grow and Protect Your Wealth
Accumulation isn’t just about saving—it’s about growing your wealth and protecting what you’ve worked hard to build. We’ll help you develop an investment strategy that fits your lifestyle and future plans, balancing growth with stability.
Diversify Your Investments:
We’ll review your portfolio and ensure it’s diversified across different asset classes to reduce risk and maximize returns. Whether you’re focused on growth stocks, dividend-paying companies, or bonds for stability, our team will help you strike the right balance.
The Power of Compound Growth:
As your wealth grows, so do your risks. We’ll work with you to ensure you’re covered with the right insurances and protections to secure your financial future. From long-term care insurance to estate planning, we’re here to ensure your legacy is preserved.
How Nelson Murphy Helps You Thrive in Your Prime?
In this stage of life, you’re juggling your highest earning potential with family, career growth, and personal goals. Our team at Nelson Murphy is here to provide expert advice and a tailored plan so you can make the most of your hard-earned money.
Maximize Contributions
We’ll guide you on how to get the most out of your retirement plans, including taking advantage of catch-up contributions and diversifying your accounts.
Surplus Cash Management
From high-yield savings to smart, tax-efficient investing, we’ll help you make the most of your surplus savings.
Strategic Investment Planning
We’ll ensure your investments are aligned with your goals and risk tolerance while protecting your assets as you build wealth.
Diversification does not assure a profit or protect against loss in declining markets, and diversification cannot guarantee that any objective or goal will be achieved. Nelson Murphy Insurance & Investments does not provide legal or tax advice. You should consult a legal or tax professional regarding your individual situation.
Get Started Today
Ready to maximize your financial potential? Whether you’re saving for retirement, planning for a major life event, or just looking to grow your wealth, Nelson Murphy is here to help. Contact us today to start building a strategy that allows you to enjoy the present while preparing for the future.
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