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Investment Services at Space Coast Credit Union

When is the Best Time to Start Saving for Retirement?

April 11, 2018 by Brian Kent

While saving for retirement might not be the most exciting thing you do with your hard-earned money, it will potentially give you more options and control over your lifestyle in the future. Since compounding interest can increase the value of your savings, the hardship of saving a dollar now rather than spending it can potentially reward you later. We’re not suggesting that you save more than you can handle, or make yourself miserable while doing it; we all need vacations, time away from work, and to enjoy the things we value most. But there is a solace you can find with knowing you will potentially be comfortable in retirement when your employment paycheck goes away (while still spending your hard-earned money on a few frivolous things here and there). Click here to find a list of the calculators offered by SCCU that show just how powerful saving now can be for you and your family moving forward.

You’ll Likely Need More Than Social Security

When Social Security was created in the 1930’s, it was never meant to be your sole source of income in retirement. On average, Social Security payments make up only about 38% of an American’s retirement income. Source. Pensions used to be a solid offset to this income disparity, but pension plans are not often utilized by employers anymore. At Investment Services at Space Coast Credit Union, an LPL Financial Advisor can help you create a financial plan that will assist you upon retirement so your Social Security income is not the only source of funds for you. Click here to find a brief list of the type of accounts offered by our LPL Financial Advisors. 

Put Your Future in Your Own Hands

When it’s all said and done, almost all economic forces are out of your hands: Social Security, tax rate changes from year to year, inflation, Medicare, etc. However, there is one thing that only you can completely control: how much you save, and when you start. If you start small and incrementally, you might be pleasantly surprised at how little it affects your day to day life. If you’re having any difficulties figuring out the best approach to take, or need guidance on where to begin, please feel free to contact our team at

Meet Your Local Team

At Investment Services at Space Coast Credit Union, we have a dedicated team of LPL Financial Advisors that can assist you every step of the way: the beginning stages of saving, helping with a life change (like switching employers), and easing into retirement. Click here for more information.

Securities and advisory services offered through LPL Financial, a registered investment advisor.  Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Space Coast Credit Union and Investment Services at Space Coast Credit Union are not a registered broker/dealer and is not affiliated with LPL Financial.

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following state: Florida.
This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financial U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

Brian Kent
Program Manager, LPL Financial Advisor



  • SCCU Routing Number: 263177903

Space Coast Credit Union membership is open to all who work or live in Brevard, Broward, Flagler, Indian River, Martin, Miami-Dade, Monroe, Orange, Osceola, Palm Beach, Seminole, St. Johns, St. Lucie, or Volusia Counties in Florida.

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