A Word from Covenant Trust
After serving as one of our Financial Services Representative for eight years, Lavern Holdeman retired at the end of January. Before he left, he reflected on his time with Covenant Trust Company and the 50-plus years he spent in the workforce. Lavern made several career changes during that time: he started as an attorney after finishing school, then followed God's call to be ordained; then, eight years ago, he felt another call, this time to join CTC as an FSR. He regretted not saving for retirement earlier in life. He first started working when he landed a paper route at the age of 12 and more or less worked until he retired earlier this year. He didn't realize he needed to save for retirement until he was in his 30's, and now recognizes that he missed out on years of investment growth. Lavern also shared his plans for retirement. He wants to travel and see his children and grandkids more often. He is going to spend more time with his wife and hopes to do some skiing and biking. Lavern also plans on continuing his ministry in finance by volunteering to teach immigrants about money. Are you already retired? If so, are your finances keeping you from enjoying retirement the way you thought you would? Not knowing what you can afford in retirement can have a negative impact on your retirement, but so too can the effort of managing your finances, even if you have enough money. If you're still working, are you thinking about retirement? Lavern didn't start saving for retirement until he was in his 30's, but in retrospect, he realizes he should have started earlier. So are you planning, saving, and investing for retirement yet? Do you know what you want your retirement to look like? Even if retirement is 30-plus years away, it's never too early to start preparing for it. Whether you're still working and in need of a retirement plan, or if could use help managing your money in retirement, contact Steve Allison, your local Financial Services Representative at 218-297-7701 or email him at srallison@covenanttrust.com. Steve can talk about your retirement planning needs and discuss how Covenant Trust Company can help you. If you would like to hear more about Lavern's story, check out his podcast on our blog: www.covtrustblog.com.
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