I’m just starting out

When it comes to retirement planning, it’s never too early to start saving. The earlier you start saving, the more time your retirement savings will have potential to grow. And good news – your employer’s retirement plan is one of the best places for you to save for your future. With every paycheck, you can invest money in an account designed exclusively for retirement. Plus, by saving in your retirement plan, you may lower your current income taxes.

Curb the coffee habit

Saving for retirement can sometimes be hard. After all, you have bills to pay. The truth is, many of us don’t do a very good job at saving for retirement. In fact, 34% of Americans spend more money each year on coffee than they do investing for retirement.*

Buying a cup of coffee every day may not seem like much, but over time, it adds up. The average American spends about $1,100 per year on coffee, which is approximately $92 per month. Here’s what could happen if you invested that $92 a month, starting at the ages shown below.

The value of a cup of coffee over time


Assumes savings of $92 a month until age 65 and 6% annual earnings.

These results are hypothetical and for illustrative purposes only and do not reflect the performance of any specific investment.

*Source: Acorns, Money Matters Report, 2017

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice.

WBIP-0007 (May 18)

Need help?


8 am – 4:30 pm ET

Monday - Friday


© 2017 Horace Mann Educators Corporation

CUSTOMER SERVICE Call 800-999-1030

  • Auto and Property
    M – F, 7 a.m. - 8 p.m. Central time.
  • Life, Annuity and Group
    M – F, 7 a.m. - 7 p.m. Central time.