When Saving for Retirement, Persistence Pays Off

Making a retirement savings plan and sticking with it can help cushion the blow when market downturns inevitably happen.

Older woman sitting indoors at home, looking very relaxed.
(Image credit: Getty Images)

After 13 years in the minor leagues, Drew Maggi was called to play in a Major League Baseball game. While he was hitless in his first game, in a subsequent game he recorded his first hit. Sometimes sticking with things pays off, especially when it comes to retirement.

Maggi had been brought up from the minor leagues to give another player a break. He knew after his third game that he’d be going back down to the minor leagues. The pressure was on to get a hit. Maggi told the Associated Press, “It was kind of like it was do or die here. … Who knows where it goes from here. Maybe I never get back up here and that was it. That was going through my head the whole day, so it was kind of like, ‘You know what? I’m swinging. I’m going out hacking.’”

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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David C. Treece, Investment Adviser Representative
President and Founder, Clients Excel

David C. Treece is the president and founder of Clients Excel, an investment advisory firm in Spartanburg, S.C. David has helped many people understand the role annuities play in their financial planning since his start in the business 10 years ago. He writes a weekly financial newsletter that can be found on his firm’s website (www.clientsexcel.com). David is an Investment Adviser Representative, and he is insurance licensed.