Disciplined investing is only part of a successful long-term plan. Equally important is knowing what you'll need as family, then determining a savings rate that can help support that need.
Communication can be key
85% of couples who communicate openly about money tend to feel more comfortable with their plans for retirement and other long-term goals.1
Know where your money's going
When it comes to spending and saving, a good guideline to follow is to dedicate 50% of income on essentials, 15% on retirement savings, including any company matches, and 5% on short-term savings.2 We can help you find the mix that can help you feel more in control over your financial life.
What you spend matters too
Looking for a withdrawal rate that can sustain your savings? While a 4% withdrawal rate is a good starting point,3 we can work together to find a rate that your plan can support.
We provide guidance designed to enhance your financial picture, collaborating with you on a plan designed to help you achieve your vision.
Go beyond banking
A Fidelity Cash Management account offers you ways to spend and save, plus all the features of a traditional checking account. In addition, the Fidelity® Rewards Visa Signature® Credit Card, available exclusively to Fidelity customers, allows you to earn rewards through everyday spending that can be deposited in any eligible Fidelity account.4
Extending what you’ve built
In retirement, it's important to consider not just how much you withdraw, but how tax efficient your withdrawal strategy is. We can help you develop a strategy around which accounts to withdraw from, including the timing of those withdrawals, potentially helping to extend the life of your nest egg.
Harness the power of your portfolio
Planning a major purchase? That doesn't have to mean selling assets. We can help you tap into the borrowing potential of your portfolio, keeping your investment strategy on track and helping you take advantage of your portfolio's growth potential.
Fidelity's rule of thumb is to split your after-tax income into three "buckets:"
50%
Essential expenses
15%
Retirement savings
5%
Short-term savings
A more comprehensive approach to effectively managing your financial life starts with a conversation between you and your Fidelity advisor.5 Here's some of what we can discuss:
Do you have a firm grip on your spending? Is your spending compatible with what you expect to have saved for retirement?
Do you have a sense of where your money goes each month? You don't have to be able to track every dollar, but having a sense of the relationship between what you earn and what you spend can create a sound foundation for your plan.
Are you considering a major purchase that you're not sure how to pay for, like college, a wedding, or a second home?
I'm ready to discuss your saving, spending, and borrowing needs as well as a range of other topics. Let's talk about your plan.
Additional resources
Insights and perspectives
Learn more about what both Fidelity and outside professionals are saying about managing your day-to-day finances.
Learn more
Take a moment to learn more about some of the different ways Fidelity can help you get more from your money.
