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Retirement planningWe all want to retire eventually. None of us wants to work into our eighties. We all have reasons, too, on why we don’t save for retirement. There are always good reasons. Behind them there are the real reasons. They stare us in the face, and we don’t dare to speak of them.
When you are just joining the workforce, your retirement fund might not be your first priority. Especially if you aren’t really sure what a 401(k) actually is. This article might be a helpful first step to figuring out what your options are!
Ted Talks are videos posted every week from people who want to share their passion. This video is from Shlomo Benartzi who uses behavioral economics to study how and why we plan well for the future (or fail to), and uses that to develop new programs to encourage saving for retirement. Here are his thoughts […]
The 401(k) may well be the best investment tool ever for building long-term wealth, and many people don’t take advantage of it. Is it time to take a second look at your 401(k)? Here are six ways you can maximize your retirement savings starting right now — even if your plan only offers a few […]
According to Employee Benefit Advisor, Generation X is currently most at risk for financial hardship in retirement. PricewaterhouseCoopers released results of an employee financial wellness study this week and found of employees in the generation born in the early ’60s through early ’80s say they’re likely to tap into their retirement savings. In fact, 30% […]
In today’s economy, it is not uncommon for young people to live paycheck-to-paycheck.Scrambling every month to make rent and car payments, many find it hard to think forward 40 years about retiring, much less saving for retirement. There is never an “easy” time to start saving, but it gets easier on you if you start […]
Planning and saving for retirement are among the most important aspects of personal finance. After working hard for the majority of adult life, most look forward to winding down and enjoying a comfortable lifestyle during retirement. While more people are aware of the importance of saving ahead for your retirement, there are still two general […]
With many financial obligations binding you and your family, it’s understandable that some plans and goals will need to be pushed back for others. Sometimes, it might seem intuitive to start with meeting the most urgent or frequent financial needs – like paying the bills and expenses that recently come up. After that, short-term saving […]
Over the past 3 weeks, we have discussed the importance of several key employee benefits – health insurance, the retirement plan, and disability insurance. There are MANY more possible benefits to consider, and every employer will offer a different combination. The best advice? Take your time, ask questions, and enroll in all of the benefits […]
To continue with our series, there are more benefits to look into at your first job, other than your health insurance policy (which we discussed last week). Although your working days are just beginning, it is never too early to think about your retirement. Ask about your company’s retirement plan immediately. The most common account […]