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I would like to take a moment to introduce myself – I am Karla Leonard-David, CEO of IMI Asset Management Company. I hold a double B.A. in Business Economics and Art History. IMI Stands for Investment Management International and was originally founded in 1995. In 2012, IMI went through a complete transformation. That transformation included implementing a complete social media presence. I have designed and write an educational blog that is posted to my personal and company Facebook and LinkedIn pages. These articles are a tool to inform and educate on financial planning topics. The biggest part of that transformation occurred when IMI became a full service asset management company. IMI has partnered with Jerry Vines, MBA, EA and the Law Office of Sharon Morff, to offer a fully engaged estate planning package, designed specifically to your goals. Most people do not have a solid financial plan. A reason for this is that most lack insight into what is going on in the financial industry. I realize that the process of creating a strategy for retirement can feel pretty intimidating which is why I am constantly searching for new materials, whether they are videos, articles or just questions and answers to share with everyone. IMI Asset Management Company is focused on the belief that our customers’ needs are first. I am committed to meeting those needs. I am a firm believer of the personal touch, which is so lost in today’s world. As a result, a high percentage of IMI’s business is from repeat client business and referrals. IMI Asset Management Company was selected in 2012 by the USCA as the recipient of the Best of Rancho Cucamonga Awards in Financial Planning. We want you to be able to assess, from these insights, your financial portfolio to ascertain that it is aligned with your ultimate goals for your retirement and passing your estate probate free down to your heirs. We strive to make sure you evade the costliness that can result from poor planning. We would welcome the opportunity to earn your trust and deliver you the best individual and personalized service in the industry in helping you obtain your goals. We invite you to come “join” our IMI Family.
Seven Retirement Savings Tips for People With a Low Income
Do you struggle to stretch your low income and make ends meet? Whether you're living on unemployment, just entering the workforce or received a recent pay cut, saving for retirement might be the last thing on your mind. However, seven tips can boost your retirement savings as you plan for the future.
1. Save Automatically
Instead of feeling discouraged that you don't have enough cash every month to put toward your retirement, save automatically. Open a 401(k) through your employer and set up automatic deductions each month or set up a recurring monthly transfer from your bank account into your retirement account.
2. Invest Your Tax Refund
Because your tax refund is probably the biggest lump sum check you receive all year, designate a percentage for retirement. Use IRS Form 8888 to deposit part of your refund directly into your retirement account.
3. Increase Your Savings Rate
Every time you receive a raise, increase the percentage of money you save. You won't miss the few extra dollars each month that help your retirement account grow.
4. Open an IRA
Maybe your employer doesn't offer a 401(k) or you're a seasonal or part-time employee. Open an IRA and make regular deposits as you save cash for your future.
5. Don't Touch Your Retirement Money 
No matter what expenses arise, resist the temptation to withdrawal money from your retirement accounts. You'll end up paying a penalty, and you lose valuable retirement savings.
6. Avoid Get Rich Quick Scams
On every corner, you'll find an attractive scheme that promises to double your money in one week or pay a huge dividend for a small investment. Resist these scams and invest your money into a retirement account where it's guaranteed to grow.
7. Start Saving Today
You're never too old or too young to start saving for retirement. Right now is the best time to get your retirement savings momentum going.
Even with a low income, you can prepare for your retirement thanks to these seven tips. Your Human Resources manager or retirement account rep can also provide additional information as you invest in your future.
Karla Leonard
Other articles by: Karla Leonard
Categories: Retirement Planning, About Us, IMI Asset Management Company
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