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Retirement planningThe class of 2012 will graduate with more than two-thirds of students in debt of an average of $25,000 in student loans! According to a recent article by the Wall Street Journal, this student loan debt is in addition to the average of $4,000 in credit card debt. Whether you have a job lined up […]
Many of times we don’t consider the everyday aspects of life and how they may impact our finances. There are major mistakes that people make all the time that jeopardize their financial careers. Here are five mistakes that are easily avoidable: Excessive spending and debt – Many people use credit cards to pay for items […]
Tax rates have changed this year, and many people will see a slightly smaller tax bill due to this temporary reduction in Social Security taxes. This translates into an increase in your take-home pay. Instead of spending this money, start (or increase contributions to) a retirement plan. You can also always begin a savings plan. […]
A recent study by CNN.com found that 60 percent of baby boomers are not able to fully retire due to money issues. How upsetting would it be to work a full career only to find out that you don’t have enough saved to retire? Don’t let this happen to you! The younger you are when […]
As reported on abcnews.com, here are some tips on savings for the upcoming tax season: Invest in a retirement fund – most tax experts suggest this because it is an easy deduction. Taxpayers may invest in an IRA account until April 15 or a 401k plan until December 31. Charitable giving – this is good […]
According to Employee Benefits Research Institute, many Baby Boomers and the Generation X-ers will run out of money for basic needs early in retirement– many within 10 years of going into retirement. And current studies show Millennials are on the same path. How upsetting to be ready to retire – but learn you have to […]
Last week we discussed why tax breaks are a great motivation to contribute to a 401(k). In this fourth and final week, we will discuss our last reason why you should contribute. Reason number 4: Your money can go with you, job to job – If you change jobs, you can put your money into […]
We are now on week 3 of our 4-week discussion. Last week we discussed how automatic payroll deduction makes it easy to save with your 401(k). This week we will discuss yet another reason why contributing to your plan is a great decision! Reason number 3: Tax Breaks – Contributing to your 401(k) plan can […]
Last week we discussed how your company can help your investment grow. This week we will also discuss another great reason to contribute to your 401(k). Reason number 2: Automatic Payroll Deduction – Automatic payroll deduction makes it easy to save with your 401(k) because you figure how much money you want to contribute to […]
It is never too late to start saving money through your 401(k) plan. Why not start with the New Year? In the next four weeks, we will be addressing four different motives to contribute to your 401(k), so stay posted to learn why a 401(k) is a smart idea. Reason number 1: Your company can […]