Why Few People Have the Right Savings Plan - And How to Tell if You're One of Them

Round Lake Beach, IL, January 10, 2013 --(PR.com)-- Most people will agree that saving money is hard enough. That's why when it is possible to put aside a few extra bucks, most people would like to be certain that their hard earned funds are going to be safely stored where they'll be building up interest for the future. In fact, most savers it seems, are putting their money in the wrong places and potentially losing out on valuable interest earnings every year.

"It's amazing how many of my first time clients have their money in the wrong savings plan," explains Mark Geraci Jr., an LPL Financial Advisor for Sound Strategy Estate & Retirement Specialists in Round Lake Beach who works closely with many local newlyweds, young parents and pre-retirees in Lake County. "They've either locked up their money for years when they could have paid off high interest debts, or they're keeping it liquid for easy access when they won't need it for years!"

One of the biggest problems, says Geraci, is that most people just don't know what their options are. The result can be a waste of time and money for investors who are losing out on having a more appropriate savings program for their needs.

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