Saving for retirement can be one of life’s toughest challenges, especially if you’re self-employed. Let’s take a look at how other entrepreneurs from around the country are preparing their finances so you can make the most of your golden years.
No matter how old you are, financial analysts will likely encourage you to start preparing for retirement now. Sure, most folks will qualify for social security benefits, but if you want to be as comfortable as possible during your retirement there are a few things you can do right now.
Your retirement date might not be any time in the near future, but that doesn’t mean you shouldn’t review your retirement goals regularly. Although there are many questions to answer during the review process, we focus on three: employer-sponsored plans, like 401(k) and 403(b).
Is it too late to start saving if you’re 50 or older? Not so, says Carrie Schwab-Pomerantz in a great article we’re sharing from the Detroit News. In fact, she claims that there is no time like today to get started. Check out her great savings tips for people over 50.
What would you do if you received a $1,000 in tax refunds? Would you use it for something fun like taking a vacation or put it toward your retirement?
Whether it’s getting laid off at work or a pricey car repair, there comes a time when we’re all a little short on money. If only there was a way to avoid such a situation, right? Actually, there is! It’s called an automatic savings plan.
Start saving for retirement now! Young people need to push past that “I’ll save later” mentality and make an effort to sock away some of our hard-earned pennies in a bank.
Great article yesterday in the Detroit News about some things to do (and not do) regarding your finances and your child’s education. This is exactly what I need to read, as I just had a little baby girl seven weeks ago. I must remember that I’m not getting any younger and need to put cash away for my retirement, while making sure that my little baby girl will have some duckets to attend college.
Think you’re too young to start planning for retirement? Think again! Check out the many reasons why (and how) you should start saving now!
Should you borrow from your 401(k)? Learn reasons why borrowing from a 401(k) is a bad idea. You shouldn’t have to risk your future for your lifestyle today.