Read the Stories

Jerry

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I’m definitely a passive investor. I have a financial advisor that manages my investments for the most part. I just try to reach my maximum input per year allowed by the government.
“My name is Jerry and I have been saving for 40 years. I started saving when I was twenty years old. I still have an old 401(k) that I left behind when switching jobs. I didn’t want to move it because it’s still making me money. When I’m retired I think I’ll probably draw from that account first and leave my main one alone for a while.
“I’m definitely a passive investor. I have a financial advisor that manages my investments for the most part. I just try to reach my maximum input per year allowed by the government. That’s my goal. So if I reach that, that’s good. But on the investment side, I’m a passive guy. I don’t know that stuff.
“When I retire I’ll have to readjust my lifestyle so I don’t have to work. I have to project how long I’m going to live, and then I’ll have to average out what I want to take out every year from my investments. Some advice I would give young people that just started saving for retirement is to put the maximum amount you can every year, and find a company that will match it at least 50%. If you put in the maximum amount, and the company puts in the maximum amount, it’ll be great for your retirement.”
Photograph & interview by Carolyn Bouso
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