Savings
Showing 50 results of 367
Bankrate Partners with SmallBusinessLoans on SMB Financing
Oct 23 2024
In this episode, discover retirement saving trends, financial priorities, and misconceptions…...
401kspecialistmag.com
Multiple Job Transitions Could Result in $300K Retirement Savings Loss
Oct 13 2024
Forty-four percent of workers in a Vanguard dataset either increased or maintained their…...
401kspecialistmag.com
Your Retirement: Don’t Be Another Statistic
Oct 09 2024
Americans are not saving enough for retirement. In a report entitled Americans Face Alarming Retirement Savings Shortfall, the National Institute for Retirement Security shares, “Most Americans ...
401kmaneuver.com
Are Adjustable Rate Mortgages Right for You in a High Interest Rate Environment?
Oct 08 2024
Are short-term savings using an adjustable rate mortgage worth the risk of rate hikes? In this podcast, we cover how adjustable rate mortgages (ARMs) work, how they differ from fixed-rate mortgages, a...
buzzsprout.com
Ode to the Passbook Savings Account
Oct 04 2024
On December 1st, 1986, my Mom took me to open my first bank account at the local Dollar Bank branch. I was 11 years old and a little skeptical of giving the bank teller my $21.60. I walked out with a ...
retirebeforedad.com
The Roth Conversion Sweet Spot: Maximize Retirement Savings (And Avoid Costly Mistakes)
Oct 01 2024
Listener Nael opens up a discussion about Roth conversions. There are benefits to doing Roth conversions, but can you do too many? Are there any downsides to Roth conversions? Reaping the tax benefits...
buzzsprout.com
How to Prepare for Retirement Within 5 Years: 401k, Savings & Investment Changes
Oct 01 2024
Graham and his wife are in their early 50s and plan to retire in 5 years. He wonders if they should continue maxing out their 401ks, how their investments should change, and what they should do with s...
buzzsprout.com
How to Know When You Should Stop Saving for Retirement (and What to Do Next)
Oct 01 2024
Drew, a burnt-out, financially responsible 40-something father of two, hopes he can scale back from his stressful job and still be okay when it’s time to retire. James offers a practical and phi...
buzzsprout.com
Here's How Gen Xers Are Catching Up on Retirement Savings
Sep 30 2024
Gen Xers still have time to maximize retirement contributions, educate themselves about finances and plan carefully...
money.usnews.com
Need to Save More for Retirement? You're Not Alone, Says Study
Sep 29 2024
A new Bankrate survey shows that 57% of Americans feel behind on their retirement savings. Here's what you can do....
kiplinger.com
Five Tax Strategies to Preserve Your Retirement Savings
Sep 29 2024
From Roths to HSAs to creative Social Security timing, retirees have many options to minimize their taxes. You might be surprised what a difference it can make....
kiplinger.com
Here's What The Interest Rate Cut Means For Retirees
Sep 27 2024
Find out how the Federal Reserve’s interest rate cut could affect your retirement savings, investments, and mortgage payments....
forbes.com
Age Plus 20 Rule for Retirement Contributions - 496
Sep 24 2024
How much should you save in pre-tax accounts vs. post-tax accounts? Joe Anderson, CFP® and Big Al Clopine, CPA spitball on the "age plus 20" rule for retirement savings, Roth 401(k) contributions ...
purefinancial.com
Gen Z Names Savings, Not Debt Management, as Top Financial Goal
Sep 22 2024
Yet, HR leaders and managers say reducing debt is the youngest working demographic's main goal...
401kspecialistmag.com
FinFit Partners with Sunny Day Fund on Emergency Savings
Sep 22 2024
FinFit clients will be able to add Sunny Day Fund emergency accounts to FinFit's existing…...
401kspecialistmag.com
Voluntary separation (VSP) offer has my head spinning
Sep 21 2024
I’m 60, and I’d planned to retire in 18 months at 62. Our current savings is about 20x our expenses, but I was hoping to get to 25x. Well, our company has offered many of us a voluntary se...
reddit.com
A High Savings Rate Covers a Multitude of Sins
Sep 20 2024
Saving lots of money comes with one downside. You have to spend less. But having a high savings rate can set you up for the rest of your life. The post A High Savings Rate Covers a Multitude of Sins a...
whitecoatinvestor.com
How to Save More Money: 23 Smart and Mostly Easy Ways to Boost Your Savings
Sep 20 2024
Don't think you could possibly save more money for retirement? These tips will help you shift your mindset for a secure and happy future. Read now! The post How to Save More Money: 23 Smart and Mostly...
boldin.com
HSAs are ?: Health Savings Accounts for Early Retirement
Sep 19 2024
This year my family switched from our EPO health insurance plan to a High Deductible Health Plan with a Health Savings Account (HSA)....
andrenader.substack.com
Retirees Living in Someone Else’s Home See Big Savings
Sep 19 2024
More than one in five older Americans is living with other adults – adult offspring, parents, grandchildren, extended family, friends – who are not their romantic partners. A new study exa...
crr.bc.edu
12 Steps to Protect Your Retirement Savings From Market Volatility
Sep 13 2024
Even when the market ebbs and flows, you can keep your retirement investments stable with these proactive strategies....
kiplinger.com
Saving to Be a 401(k) Millionaire? Plan for Taxes Now
Sep 11 2024
Your tax bite in retirement could be excruciating. Here's why super savers need to get serious about protecting themselves....
kiplinger.com
Investors Proactively Managing Retirement Savings
Sep 10 2024
More are also taking interest in lifetime income options, notes Nationwide's new Protected…...
401kspecialistmag.com
Reduce client regrets on retirement savings with these tips
Sep 07 2024
Most Americans wish they had started saving for retirement sooner and that they hadn't withdrawn money early from retirement accounts, a recent study says....
financial-planning.com
IRS Seeks Comment On A New Savings Plan For Retirement Funded By The Treasury
Sep 06 2024
The super-charged saver’s match builds on the existing saver’s credit as an opportunity to improve the long-term financial security of low- to moderate-income Americans....
forbes.com
7 Times to Stop Saving for Retirement
Sep 06 2024
Push pause on retirement contributions to cover life events and the unexpected....
money.usnews.com
The Ideal Retirement Withdrawal Rate: How to Make Sure Your Savings Last as Long as You Need Them to
Sep 04 2024
Learn about the ideal withdrawal rate and the 4% rule. Plus, understand a more personalized approach to retirement withdrawals. The post The Ideal Retirement Withdrawal Rate: How to Make Sure Your Sav...
boldin.com
Saving for Your Future Stranger
Sep 04 2024
How do we view our future selves? For most people, it's that of a complete stranger. It could be a reason why some don't save for retirement. The post Saving for Your Future Stranger appeared first on...
whitecoatinvestor.com
How to Protect Your Retirement Savings in an Election Year
Sep 04 2024
Here’s how to stabilize your retirement portfolio and protect your savings in a volatile election year....
money.usnews.com
11 Ways To Fix Your Retirement Savings Shortfall
Aug 29 2024
A recent Bureau of Labor Statistics survey finds the median retirement savings of 55-year-olds is just 10% of the target financial experts advocate for....
forbes.com
The Ideal Retirement Withdrawal Rate: How to Make Sure Your Savings Last as Long as You Need Them to
Aug 28 2024
Learn about the ideal withdrawal rate and the 4% rule. Plus, understand a more personalized approach to retirement withdrawals. The post The Ideal Retirement Withdrawal Rate: How to Make Sure Your Sav...
newretirement.com
Is the Retirement Picture for Millennials Looking Better?
Aug 27 2024
The release of the Federal Reserve’s 2022 Survey of Consumer Finances offers a chance to catch up on the retirement saving of Millennials – those born during 1981-1999. This group, despite...
crr.bc.edu
Why Roth IRAs May Be a Good Savings Option at Any Age
Aug 26 2024
These retirement savings accounts, which are often pitched to young investors, can be a good option for older and retired workers....
nytimes.com
What to Do If You’re Behind on 401(k) Savings
Aug 22 2024
Given the increase in the cost of retirement, it’s no wonder many are worried they are behind on 401(k) savings. According to the Northwestern Mutual 2024 Planning & Progress Study, “A...
401kmaneuver.com
Approaching Retirement With Inadequate Savings? Try This Strategy
Aug 13 2024
If you haven’t saved enough for the retirement you want, consider downshifting as your retirement Plan B....
forbes.com
Traditional IRAs: Get Tax-Deferred Retirement Savings
Aug 12 2024
A traditional IRA is a powerful way to save for retirement. If you don't have a 401(k) it can be especially helpful....
kiplinger.com
Ditch Banks — Go With Money Market Funds and Treasuries
Aug 10 2024
Stop using banks and credit unions for cash savings. Use money market funds and Treasuries for better transparency and fairness. Learn the Nuts and Bolts I put everything I use to manage my money in a...
thefinancebuff.com
401(K) FAQS Part 1
Aug 10 2024
If you know anything about saving for retirement you probably understand at least a few things about 401(K)s. However, when exploring the details of a 401(K) there are a number of questions that are o...
retirementroadmappodcast.podbean.com
Parents Prioritize College Savings Despite Shortfall
Aug 09 2024
Sixty-seven percent of parents expect to pay at least some of their children's higher…...
401kspecialistmag.com
Bipartisan Bill to Widen Savings Access for Young Employees
Aug 09 2024
A new bill introduced by Rep. Brittany Pettersen would revise ERISA to expand retirement…...
401kspecialistmag.com
8 years left, I'm tired of working
Aug 08 2024
I worked long and hard to make it to my role now where I make $130k per year. I am 59. I'm saving 45% of income and have $225k in retirement accounts. My plan on paper is to quit working at age 67. Hu...
reddit.com
The time is right for a national retirement savings plan
Aug 04 2024
Experts on retirement saving have plenty of ideas for making 401(k) plans work better. But most agree on the top priority: get these accounts into the hands of more people. Only about half of private-...
retirementrevised.com
Are 401(k) matching contributions all that?
Aug 04 2024
When you’re saving for retirement in a 401(k) account, the standard advice is to contribute enough to capture your employer’s matching contribution. That makes sense, since the contributio...
retirementrevised.com
Nine Key Tips Self-Employed and Gig Workers Should Know About Retirement
Jul 31 2024
Taking a non-traditional path may mean thinking beyond traditional savings options....
kiplinger.com
Strategies to Maximize Your 401(k) Contributions
Jul 30 2024
Saving for your financial future requires more than the bare minimum. Given the cost of today’s retirement, it’s worth doing what you can now to maximize your 401(k) contributions. Why 401...
401kmaneuver.com
How Long Will Your Retirement Savings Last?
Jul 29 2024
Our Retirement Readiness Calculator provides a rough idea of how long your retirement savings and income will last....
money.usnews.com
A Parent’s Existential Crisis: When All Financial Obligations Are Met
Jul 26 2024
After publishing my post, “When To Stop Contributing To A 529 Plan,” I felt a sense of emptiness. For years, I had been trying to find a logical way to decide when to stop saving for my ch...
financialsamurai.com
Tax Payments and Savings
Jul 26 2024
Answering listener questions about quarterly estimated payments and the safe harbor rule, tax-loss harvesting and not letting the tax tail wag the investment dog, and what to do when you do not couple...
whitecoatinvestor.com
What Is the Average Retirement Savings for Gen X?
Jul 23 2024
It's unclear whether Generation X savers are ready for retirement, although some long-term account balances are surpassing those of boomers....
money.usnews.com
Managing Mom and Dad’s Money
Jul 19 2024
My Dad retired in 2002 with a 403(b) and lifelong teacher’s pension. Unsure of his retirement savings, some fellow retired teachers recommended a financial advisor who “specialized in reti...
retirebeforedad.com
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About Savings
Saving for retirement is an important financial goal that can help you secure your financial future and ensure that you have the resources to live comfortably after you stop working. There are many ways to save for retirement, including:
Contribute to a 401(k) or other employer-sponsored retirement plan: Many employers offer 401(k) or other retirement plans that allow you to save and invest a portion of your income for the future. These plans often offer tax advantages and may even include employer matching contributions, which can help you save more.
Open an individual retirement account (IRA): An IRA is a type of investment account that is specifically designed for retirement savings. There are several types of IRAs, including traditional IRAs, Roth IRAs, and SEP IRAs, which are designed for self-employed individuals.
Save and invest on your own: If you don't have access to a 401(k) or IRA, or if you want to save more for retirement, you can also save and invest on your own. This can be done through a brokerage account, where you can buy and sell a variety of investments, such as stocks, bonds, and mutual funds.
Save and invest in other ways: There are also other ways to save for retirement, such as through a pension plan or by purchasing an annuity. It's important to consider all of your options and choose the one that best fits your needs and financial situation.
No matter what method you choose, it's important to start saving as early as possible and to contribute as much as you can to your retirement account. The more you save and invest now, the more you'll have to live on during retirement.