In a recent CNN Money article, I read that upwards of 60% of workers have less than $25,000 saved for…
Tag: save for retirement
Certified Financial Planner Heidi Davis explains what an Individual Retirement Account is, how it might benefit you and how to choose which kind of IRA is right for you.
It’s best to start saving for retirement as soon as you start working. Even if you’re only part-time, you should put away what you can from each paycheck. Every little bit helps and will add up over time. If you weren’t able to start saving early like this, however, it’s not too late to get back on track and begin saving now. You may need to make some adjustments in your lifestyle today to accommodate for tomorrow, but there’s still time.
It’s typically a joke you hear your parents say: “We’re spending your inheritance, but we’re having fun while doing it!” Couples and individuals of all ages contemplate whether they should focus on putting away money for their retirement years or spending the money now on things they love doing, like traveling, charity or buying a dream home. We cover ways to strike the balance and how to figure out if you’re saving enough.
Everyone has different priorities in life, but your finances should take a front seat rather than a back seat in these priorities. Organizing your financial life and deciding what’s important doesn’t have to be a burden if you learn how to do it right the first time. We show you how.
It’s one of the fundamental rules of financial planning: you must save for retirement. But what is the best way to do it? Most people have access to a “defined contribution” retirement savings plan through their employers, like a 401(k). Here’s what it is, if you should contribute to one and other retirement savings options.
Many parents find themselves with extra money when their kids leave for college. But instead of hunkering down and putting those extra funds toward retirement, more than half of adults increase their spending and ignore the future. We give you helpful tips that will allow you to have fun with your hard-earned money and even splurge a little bit, but also save for retirement and secure the days ahead.
The Rolling Stones are one of the world’s most famous and longest-lived rock bands. They’ve sold over 200 million albums, grossed over $2 billion since 1989 and even as members of the band approach the age of 70, they continue to perform to millions of adoring fans worldwide. (Their most recent concert tour earned over $500 million.) Although most of us will never be rock stars, there are some valuable personal finance lessons to be learned from the Rolling Stones.
Historically, Americans aren’t big savers. Pile on top a global recession, lost jobs and wage cuts, saving for the future is challenging. But saving for retirement AND your child’s college education? That may seem downright impossible. We help you prioritize and offer suggestions about how to make the most of your money so you can save for all of life’s biggest events.
Whether you’re ignoring major savings on your largest bill or you’re neglecting to sock money away for a rainy day, you’re putting yourself and your finances at risk. Keep your costs manageable – now and in the future – by avoiding these five common money mistakes.