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Learn This Simple Rule for Saving and Spending

9/1/2015

It’s human nature to put off annual checkups — ones for your physical health and ones for your financial well-being. Savers who participate in plans like the Retirement Savings Plan of the Presbyterian Church (U.S.A.) (RSP) rarely change the amount they’re saving or their investment choices after they enroll for the first time.

Annual savings checkups are important because life changes. Frequently. So, Fidelity Investments, our RSP record keeper, has launched a site for participants to help them to check up on a variety of retirement savings approaches that may need tweaking as life throws those changes at us. Read A Simple Rule for Saving & Spending on Fidelity’s Let’s get down to basics site. Or, find a specific topic below that interests you:

  • Do you know how your RSP savings are invested? The market changes over time, so it’s important that your savings are invested appropriately. View “Let’s talk investing” to find out what kind of investor you are and how you’ll be most comfortable investing your RSP savings to meet your long-term goals.
  • Feeling like you’ll never see the end of those loan or credit card payments? Fidelity offers help balancing the financial priorities of today with saving for your future. View “Let’s talk debt management” to get started.
  • If you’re still saving the same amount as you did when you first enrolled in the RSP, view “Let’s talk budgeting” and find out how to save more while you spend what you need to.

Visit pensions.org to learn more about the plan’s many popular features, including target date (lifecycle) funds, socially responsible investment options, portability, competitive annual administrative fees, professional fund management, and highly regarded customer service. And keep in mind that regular payroll deductions make saving a convenient and rewarding habit.

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