Savings
Showing 50 results of 368
Tax Savings Strategies for 2023 to Maximize Your Refund
Dec 20 2023
[168] – There are only 10 days left in the tax year. What can you do right now to maximize your refund? In this episode, Jeremy Keil discusses strategies for maximizing tax refunds and retiremen...
keilfp.com
Retirement Savings Are Growing But Not For Everyone
Dec 14 2023
While many near-retirees seem better prepared for the average costs of old age, including healthcare and long-term care, tens of millions of others are not....
forbes.com
Am I Ok to retire at 67? Will I have to work? I live frugally.
Dec 14 2023
Im 56 have $490k in a Roth, $60k in Traditional IRA will collect $1299 in pension in 10 years with an estimated $3900 a month in SS in 10 years. $75k in savings. Can I retire in 10, or will I have to ...
reddit.com
Tips for using a 'medical IRA' that offers triple the tax savings
Dec 08 2023
More working Americans have a health savings account, but many are not using them to their fullest potential....
financial-planning.com
It Is A Good Time To Address America’s Retirement Challenge
Dec 08 2023
The current strong economy is an opportunity to address the Social Security shortfall, update contribution rates, and expand retirement savings options....
forbes.com
The New 2024 Health Savings Accounts (HSA) Limits Explained
Dec 07 2023
New higher HSA contribution limits have been announced for 2024. Keep reading as we share to tips to get the most benefit from your Health Savings Account....
forbes.com
What Millionaires Know About Retirement That You Don't
Dec 06 2023
Millionaires tend to focus on protecting wealth, saving for retirement and managing volatility....
money.usnews.com
401(k) Match Game: Company Money Helps You Leverage Retirement Savings
Dec 05 2023
If you think of your 401(k) plan in the context of how to leverage your retirement savings, think about 401(k) matching....
forbes.com
Saving for Our Kid’s Education with the RESP
Dec 05 2023
Because it’s us, the first thing I did after Little Matchstick was born was apply for his passport. The second thing I did was apply for his Social Insurance Number so I could start opening new ...
millennial-revolution.com
7 Things to Help Maximize 401(k) Savings in 2024
Dec 04 2023
Contrary to popular belief, there is more to maximizing your 401(k) savings than simply contributing more. There are things you can do that don’t require you to spend a single penny. If you want...
401kmaneuver.com
To Build Retirement Savings, Leverage The Power Of Your 401(k) Plan
Dec 01 2023
If you work for a company that offers you a way to leverage your savings, it pays to learn as much as possible about how that works....
forbes.com
What do you cash in first, IRAs or non-IRAs?
Dec 01 2023
What do you cash in first, IRAs or non-IRAs? We have a gap of 4-6 years between retirement and claiming SS. We need to draw from savings, should we cash the IRAs or the non-IRAs (mainly 401k's and mon...
reddit.com
Converting your RRSP to a RRIF: What you need to know
Nov 30 2023
When planning for retirement, Canadians often turn to registered retirement savings plans (RRSP) as a tax-advantaged option to grow their money. After all, RRSPs are designed to help you accumulate re...
retirehappy.ca
Average Savings By Age: How Do You Rank?
Nov 27 2023
Find Out How Your Net Worth Ranks Compared To Average Savings By Age And How To Grow Your Money Faster Key Ideas Two quick ways to determine if you’re building enough wealth. How your “why...
financialmentor.com
27 Retirement Savings Catch-Up Strategies For Late Starters
Nov 27 2023
If Retirement Looms Large But Your Nest Egg Doesn’t, This Article WillHelp You Catch Up Key Ideas Shows how to raise your savings contributions to the next level. Six ideas to convert non-earnin...
financialmentor.com
Retirement Savings Statistics Get Uglier
Nov 27 2023
Americans Aren’t Saving Enough For Retirement: How To Avoid Being Part Of The Problem Key Ideas Retirement savings statistics suffered before the recession, but are now worse. Reveals the only s...
financialmentor.com
Save at least 15% 231127
Nov 27 2023
Episode 434: In the early stages of building wealth, the key factor is SAVING. Saving is also one of the few things that you have influence to control. Sign up for free ALERTs & Market Commentary ...
wealthsteading.com
404: Could Your Retirement Savings Withstand an 8% Withdrawal Rate?
Nov 24 2023
This week's retirement reading is from Of Dollars And Data titled, How Safe is an 8% Withdrawal Rate? Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can al...
retirewithpurpose.com
What Is The Average Retirement Savings By Age?
Nov 21 2023
If you are trying to see if you are on track for a secure retirement, you may wonder how much others your age have saved. How much do you need for retirement by age....
forbes.com
Procrastinating on Retirement Saving Leads to Trouble
Nov 21 2023
This is a fun TED talk on a topic all of us can relate to: procrastination. It is relevant to a central theme of this blog: retirement. Research shows that procrastination plays at least a small role ...
crr.bc.edu
8 Year – End Strategies That Could Significantly Grow Your Retirement Savings
Nov 20 2023
For most Americans….it will be business as usual between now and the end of the year. But a smart and savvy few … will take advantage of a handful of strategies over the next couple of m...
bossretirement.com
7 Things Retirees Should Be Thankful for This Year
Nov 20 2023
A market rebound, new 401(k) withdrawal rules and higher savings rates can make retirees' lives easier....
money.usnews.com
Envestnet announces new retirement savings program
Nov 17 2023
The wealthtech firm joins forces with Empower to launch a new 401(k) solution for advisors called Envestnet Retire Complete....
financial-planning.com
A Recipe for Financial Success: It’s as Easy as Pumpkin Pie
Nov 16 2023
While it can be, financial success doesn’t have to be the equivalent of a fancy French pastry: millions in savings, lavish spending, complicated investment schemes, and expensive guidance. The k...
newretirement.com
Corporate Roundup: OneDigital and Principal Partnership; New Director Joins Diversitas
Nov 12 2023
OneDigital and Principal offer a new retirement savings tool aimed at small businesses, and…...
401kspecialistmag.com
Younger baby boomers face deep shortfall in retirement savings
Nov 09 2023
Baby boomers tend to be viewed as one group. But thanks to the Great Recession, younger boomers have had a much harder time saving for retirement....
financial-planning.com
Is Our Retirement Savings Enough to Ever Retire? - 454
Nov 07 2023
Will Ron and Candy in Connecticut ever be able to retire, and are Bruce and Selina in Philly saving enough to retire? That’s today on Your Money, Your Wealth® podcast 454 with Joe Anderson, ...
purefinancial.com
FAFSA Changes Could Inspire Additional Retirement Savings
Nov 02 2023
Among the many new alterations to the federal student aid application include the removal of…...
401kspecialistmag.com
Three Fun Ways to Boost Your Wallet! #002
Oct 31 2023
Hey, Money-Makers! We've all been in that spot where an extra $100 would make life a little brighter. Whether it's treating yourself to a fancy dinner, tackling a bill, or just adding to your savings,...
thinksaveretire.com
The Surprisingly Hardest Part of Retirement
Oct 30 2023
For countless retirees, the greatest challenge isn't saving money, but spending it. After years of diligent saving, the transition to drawing down those hard-earned funds can be fraught with anxiety a...
sites.libsyn.com
Ask Before Quitting
Oct 27 2023
As we approach retirement, we often find ourselves immersed in a sea of financial considerations, pondering our savings, Social Security ... Read more...
physicianonfire.com
American’s Retirement Savings Falls Short By Nearly $500,000
Oct 27 2023
America’s retirement system is failing, reveals the new Fed Survey of Consumer Finances. Americans aged 55-64 have just $185k in their retirement accounts....
forbes.com
Americans’ Retirement Savings Fall Short By Nearly $500,000
Oct 27 2023
America’s retirement system is failing, reveals the new Fed Survey of Consumer Finances. Americans aged 55-64 have just $185,000 in their retirement accounts....
forbes.com
Wisdom for Our Children - Spending, Saving, and Investing
Oct 26 2023
We often try to overcomplicate finances, but simplicity is the key. That’s not to say simplistic: simple doesn’t equal simplistic. On this episode, we wrap up our Wisdom for Our Children s...
rogerwhitney.libsyn.com
Retirees Tend to Be Happier than Younger People – Even If Their Finances Aren’t Great
Oct 24 2023
Older people have a great ability to adapt and cope. Much of the work we do suggests that people are not saving enough for retirement. More specifically, since 2006 we have published our National Reti...
crr.bc.edu
A Better Alternative to Budgeting
Oct 24 2023
Last week we discussed how to understand your monthly budget, your cash flow, and how to automate your savings. We started out with what is usually considered to be the most boring part of managing yo...
thomaskopelman.com
Why Would a Tax Advisor Discourage 529 Plan College Savings? - 452
Oct 24 2023
Why does Becca in Florida’s advisor "poo-poo" her strategy for funding 529 plans for education? Keith, commenting on Spotify, wants to know about reimbursing yourself from a 529 plan for the sch...
purefinancial.com
Controversial ‘Retirement Savings for Americans Act’ Reintroduced in Congress
Oct 22 2023
The reestablished bill is now backed by large-scale institutions and tech corporations…...
401kspecialistmag.com
Inflation-Proof Your Retirement Savings Now
Oct 20 2023
Many of Uncle Sam’s bonds linked to inflation, called TIPS, performed horribly last year. It’s time to give them another look....
wsj.com
Retiree Medical Savings Account (RMSA). Is it worthwhile or should I just save on my own?
Oct 19 2023
I just realized that my employer offers a Retiree Medical Savings Account (RMSA). They do NOT contribute at all, but guarantee at least 5 percent interest. There appears to be some tax benefits, but I...
reddit.com
How to prepare for retirement at 49 and no savings or 401k
Oct 18 2023
Well as the title said I’m F49. I’ve never been married and I don’t have any children. I do not own a house and have about $2000 in my checking account. I make about $58K a year. I&r...
reddit.com
Can You Retire at 65 With $0 Saved?
Oct 17 2023
Here's how to retire at age 65 with nothing in your savings account....
money.usnews.com
13 Grocery Stores With Senior Discounts
Oct 12 2023
Learn which supermarkets offer special savings to older shoppers....
money.usnews.com
Amazon Prime Big Deals Today!
Oct 08 2023
October 11, 2023 — Some unbelievable deals are here today, Oct. 11, for Amazon Prime members. They will find savings of 60% or more on items like 50″ TVs, Phillips air fryers, Roomba vacuu...
topretirements.com
First Home Savings Account: How the FHSA Helps You Save Tax-Free in Canada
Oct 05 2023
The First Home Savings Account (FHSA) is the best new financial tool/account to be introduced since the introduction of the Tax-Free Savings Account (TFSA) back in 2009. The FHSA is designed for a spe...
retirehappy.ca
Budgeting Time: You Probably Know Your Net Worth but How Are You Measuring Your Time?
Oct 05 2023
At NewRetirement we talk a lot about spending and saving money. But, arguably the most important currency in life is time. If you are reading this blog, you probably subscribe to the idea that some de...
newretirement.com
Why I Sold Our Target Date Retirement Funds
Sep 28 2023
If you’ve been saving for retirement, you’re likely familiar with target date retirement funds. These funds allow you to choose your expected retirement year (e.g., 2025) and they automati...
theretirementmanifesto.com
Should You Save More to Retire Earlier?
May 09 2023
Ramit Sethi recently tweeted: Making the single decision to increase your savings rate and investment rate by 1% each year will make you more money than all the coffee you will ever buy in your lifeti...
ofdollarsanddata.com
Filling the Gap
Mar 23 2023
For those retiring early: assuming you are waiting until 65 for a pension, and 70 for full SS benefits, how are you filling the gap until then? Are you tapping into savings? Skimming off interest? Wor...
reddit.com
Q&A: Does Secure 2.0 Go Far Enough To Really Expand Retirement Savings?
Mar 22 2023
The sorry truth is that most, over 63 million workers, have no retirement plan that will supplement their Social Security....
forbes.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.