I'm just starting out

Smiling African American woman saving with piggy bank
The hardest part of any journey is starting down the path. Where do you go? Who can help? A Horace Mann representative can help! The first step is setting up a strategy to save for your retirement, so you can have the type of retirement you dream about. Regardless of whether you are early in your career or seeing your retirement coming up fast, we are here for you.

Why do you need to save?

You may think, “Why do I need to save? Won’t I have my pension? What about Social Security?” The truth is that many people overestimate the amount of income a pension or Social Security (if applicable) could provide them in retirement.

Most states' pension plans only replace 40% to 60% of your pre-retirement income. Enrolling in a supplemental retirement plan can complement your pension and help put you on track to retire in the lifestyle you want.

With increased life expectancy, you may need to fund up to 35 years of retirement. You may also need to calculate additional income in retirement for healthcare costs.

What is a 403(b)?
What is diversification?
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Are you early in your career?

Whether you are just starting out or have been at the job a couple of years, the time to start thinking about your financial future is now. Building your savings and having financial protection are priorities.

  • Create a budget, and stick to it.
  • Build an emergency fund.
  • Enroll in your employer’s supplemental retirement plan if possible (or start a separate retirement account).
  • Pay down debt.
  • Purchase life insurance to protect you and your family.

Resources library

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Retirement Calculators
Access a number of savings and retirement calculators for smarter choices.
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Asset Allocation Worksheet
Learn how you can divide your savings allocations among different assets, such as stocks, bonds, and cash, factoring in your tolerance for risk.
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Investment & Market News
Check out our resource page with educational links to some of our fund companies.

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The information provided here is for general informational purposes only. The information should not be considered an individualized recommendation or personalized investment, tax or legal advice. Representatives of Horace Mann Investors Inc. (HMII) provide general information concerning retirement income planning. HMII and its representatives do not provide financial planning services.