Have you heard of "Saver Math?"

You’ve probably heard of “girl math”, “boy math” or whatever else they are mathing on Tik Tok and Instagram these days, but have you heard of “Saver Math”. Yes, “Saver Math” exists and the logic can help you justify spending money on the current and future you!

Saver Math 1: If I preload my retirement savings account by contributing to it every pay period while I work, any purchases I make in retirement using that money are basically free! For instance, I’m saving $300 a month now. When I’m in retirement and I take those contributions and earnings out of my account, I can buy those plane tickets to Hawaii, for FREE!

Saver Math 2: The state of Missouri is currently matching qualified contributions to the MO Deferred Comp Plan. Another way to look at this is that my retirement contributions are on sale! In fact, it’s save $75, get $75. If I contribute $75 to my account, the state of Missouri will put an additional $75 in my account for free. So technically I’m saving a total of $150 a month but I’m only spending $75, which means I can now spend the $75 that I’m not saving on something I really want. Of course, I can always save more than $75, and I’ll still get that matching $75 which could really help boost my future savings. Now that’s some good Saver Math.

Saver Math 3: The money I save and invest now compounds over time, meaning I can actually spend more than I contributed while working. For example, if I save $250 every month (or $8 a day) for 20 years, I could have a possible account balance of $113,360  at retirement. Then during the next 25 years in retirement, I could spend approximately $482 every month. That’s almost twice as much as I saved every month while working; doubling my spending power and the amount of stuff I can afford in retirement.

Saver Math empowers you to make smart financial decisions that benefit the current and future you. It’s really a lifestyle change full of sometimes delusional logic, but it helps you save more nevertheless. Give it a try and let us know how you’re using Saver Math to grow your MO Deferred Comp retirement savings account balance.

Disclaimers mentioned in the video.