Page 46 - The Magazine of AAA Ohio Auto Club – September 2020

PHONE
DIRECTORY
888-AAA-OHIO
• AAA credit card account information
• Approved Auto Repair
• Hotel reservations • Insurance Services • Member discounts • Travel Services
• TripTiks®, TourBooks, maps
EMERGENCY ROAD SERVICE
In Franklin County Elsewhere
614-431-3388 800-AAA-HELP
AAA OHIO LOCATIONS
For store hours, visit AAA.com/Locations
Bellefontaine
Marion
937-599-5154
740-389-3517
Canton
Medina
330-455-6761
330-725-5669
Celina
Sandusky
419-586-2460
419-625-5831
Delaware
Wadsworth
740-363-1928
330-336-4900
Fremont
West Chester
419-332-2602
513-870-0951
Hamilton
Wooster
513-863-3200
330-345-5550
Lima
Zanesville
419-228-1022
740-454-1234
Mansfield
419-529-8500
COLUMBUS AREA
Gahanna
Pickerington
614-750-8350
614-864-2224
Grandview
Westerville
614-488-2197
614-899-1222
Grove City
Worthington
614-277-1310
614-431-7901
COLUMBUS AREA
DIRECT DIAL DEPARTMENTS:
AAA Mobile Battery
Traffic Safety
800-AAA-HELP
614-431-7882
Approved Auto Repair 614-431-7908
Insurance Quotes/Service 614-431-7807
Membership/ Insurance/
Travel Call Center 888-AAA-OHIO
Monday–Friday, 8 a.m.–8 p.m.;
Saturday,
8 a.m.–5 p.m.
Public Affairs
614-431-7896
CAR CARE PLUS
Columbus SE Gahanna Powell
614-559-0000 614-750-8350 740-881-4400
Columbus NW
Grandview
Reynoldsburg
614-451-2111
614-488-2197
614-759-7777
Dublin
Polaris
Whitehall
614-336-3200 614-436-4005 614-237-6325
Visit our website at AAA.com
Continued from page 43
Photo: iStock/ Sam Edwards Photo: iStock/ GlobalStock
2. Save early and often for retirement.
The sooner you begin saving for retirement, the easier it will be – that’s the incredible power of compound interest. For example, saving as little as $300 per month from age 25 to 65, at an average return of 8%, would yield a retirement nest egg of a little more than $1 million. That same investment program started nine years later when 34 would grow to less than half that amount.
3. Keep an emergency fund.
No matter what size your household, you should have an emergency fund to help get through life’s inevitable surprises. Whether the furnace dies in the middle of the winter or you are laid off unexpectedly, an emergency fund provides a financial cushion to fall back on. Most financial experts recommend saving at least three to six months of expenses in an interest-bearing savings account.
4. Consider your potential longevity.
As a woman, you are more likely to live longer than a male partner and more likely to be single in your later years. This makes it especially important to actively participate in your finances and focus on saving to ensure you will be able to live alone comfortably later in life.
5. Be wise about investment risk.
Some people are more risk-averse than others and practicing a little risk tolerance when it comes to your investments is a proven path to growing a more significant portfolio. Investing all your retirement money in certificates of deposit probably won’t get you where you need
to be, especially at recent low interest rates. Most financial experts recommend a mix of stocks, bonds and equities with different proportions depending on your age and expected years until retirement. Educate yourself through research or talking with an advisor to find a level of risk you are comfortable with, then implement the necessary changes to your investments.
6. Be careful about financial generosity.
Women often spend their retirement savings helping children and grandchildren. Money given away to others might never be replaced, and the closer you are to retirement, the less time you have to make up for the loss. So, put your financial security first and help only if you have extra resources to do so.
44 | AAA MAGAZINE