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savingsWe realize that this is a long post, but for anyone struggling with student loan debt, it is worth the read. For recent graduates, the stress of paying off a student loan can become nerve-wracking. As we mentioned in last week’s post, some student loans are interest-free for the first six months. If your income […]
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 […]
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 the first of the “three costliest money mistakes” according to Shape Magazine. This week we will look at why not having an emergency fund set up is another big mistake you can make. If you have an emergency or get sick, how do you plan to pay for it? Or what […]
Over the next three weeks, we will be discussing the “three costliest money mistakes”, according to Shape Magazine. This week we will see why waiting to open an IRA or 401(k) can cost you. Take a look at these motives to encourage you to start your retirement account now! If you wait to start saving […]
One of the most increasingly popular New Year’s resolutions year after year is to become financially healthy, while at the same time money worries for many Americans have also steadily increased. Have you made a resolution to save money in the New Year? It is only February, but have you already started breaking it? If […]
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 […]