20+ Starting Out

Congratulations on joining the MGF family! The habits you form now will set you up for the rest of your years.

First things first: make sure you understand how your Fund works, your benefits and where to see your Fund value. Contribute as much as you can each month.

Your Fund provides you with certain retirement benefits, as well as an insurance policy should you become disabled, and a death benefit. By understanding what you are entitled to, you can make the most of what your Fund offers. If you leave the Fund, you receive your Fund credit – make sure you understand the tax implications of taking a portion of this benefit in cash.

When you are younger, you can afford to take more risk, and thereby earn higher returns. Your Fund’s Life Stage Portfolio is the default investment option, and if you are invested in this portfolio, your money will be moved for you, automatically, as you reach the next age category. Be sure to consult a financial advisor should you decide to invest outside of the Life Stage Portfolio.

You can keep track of your value in your Fund at any time, simply by logging in to the secure portal. Make sure you’re on track by checking your Fund Value, and making any adjustments necessary.

It’s so much easier to save when you are young, before you have massive financial burdens and family responsibilities. Don’t let anything get in the way of your long-term financial planning, and be sure to obtain expert advice regarding your investments, so that you are sure to choose the best and most direct path to a secure retirement.