The Importance of Building a Nest Egg

March 14, 2012

By George Tanaka
Senior Vice President, Retail Specialized Markets Division
Union Bank, N.A.

Tanaka

Whether they would like to set money aside for a down payment on a home, build an emergency fund or save for retirement, many of our clients are interested in ways to save and create a nest egg for the future.

Financial advisors agree that saving should be a part of every household budget.  Unfortunately, many Americans aren’t prepared for financial emergencies and are not saving enough for retirement.  Like most skills, saving money gets easier with commitment and practice.  Just as an artist hones his skill to master an art, consumers can develop their skills and creativity to master the art of saving.

By identifying your savings goals, creating a plan and reviewing it periodically to determine if any modifications are needed, you can start on the road to savings. Consider these tips:

The foregoing article is intended to provide general information about building a savings and is not considered financial or tax advice from Union Bank.  Please consult your financial or tax advisor.

George Tanaka is a senior vice president and head of Retail Specialized Markets division for Union Bank, N.A., a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 414 branches in California, Washington, Oregon, Texas and New York, as well as two international offices, on December 31, 2011. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. Visit www.unionbank.com for more information.