Savings
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Focus on Your Spending Budget and Your Funded Status, Not on Withdrawals from Your Accumulated Savings
Mar 13 2023
It seems that every other article we read these days in the retirement media involves someone’s thoughts about how best to withdraw funds from accumulated savings to supplement income from other...
howmuchcaniaffordtospendinretirement.blogspot.com
What are my next steps?
Mar 13 2023
I’m 60, SF, no kids and starting to seriously think about my next steps. I have a good job (85k) and benies and ~$500k in my 401k. Only have ~ $2k in savings and owe $5k on CC. Car will be pd in...
reddit.com
Saving on streaming services
Mar 12 2023
I have entirely too many. How many of you cancel then resubscribe for planned binging? I’m thinking I need to start doing this. submitted by /u/Huge_Prompt_2056[visit reddit] [comments]...
reddit.com
Saving For Retirement In Your 20s And 30s? Your Future Self Will Thank You
Mar 07 2023
For many people in their early careers, saving for retirement is low on the list of priorities. By starting early, people in their 20s and 30s can create a more comfortable future for themselves....
forbes.com
How AI can help your personal finances Today
Mar 06 2023
When it comes to managing our personal finances, many of us struggle to keep track of our income, expenses, and savings. But with the rise of artificial intelligence (AI), managing our finances has be...
financiallyalert.com
SECURE 2.0 Act Helps Small Businesses Encourage Employees to Save
Mar 05 2023
Enhanced credits for small-business retirement plans, expanded 401(k) options and other provisions support businesses that give their employees a leg up on saving....
kiplinger.com
High-yield savings vs Vanguard cash reserves.
Mar 05 2023
I’ve heard so much about High-yield savings to keep your cash in that I started looking into it and they are paying 3.5 to 3.8%. It’s definitely better than a regular savings account but I...
reddit.com
Small Steps That Can Boost Your Retirement Savings
Mar 04 2023
The Secure Act 2.0 will help a lot. But there’s much more that can be done....
wsj.com
How Much Should I Have In Savings At Each Age? | Bankrate
Mar 03 2023
There are two main reasons to set money aside: Insurance against bad financial weather and provision for your retirement. But how much do you need to save?...
bankrate.com
Saving for retirement in brokerage account not 401k. Can I do this?
Mar 03 2023
Just started a new job at a great but small firm and they have no retirement plan. I have worked for 25 years and and have contributed to a 401k. I want to finish out the last 10-12 working years at t...
reddit.com
How Your Retirement Savings Compare To The National Average
Mar 02 2023
The national average for retirement savings varies depending on age, but according to the Economic Policy Institute, the median retirement savings for all working age households in the US is around $9...
forbes.com
Messed up saving when I was younger how much should i save in my 401k now?
Mar 02 2023
I just turned 34 I only have about 9k in my 401k and it’s aggressive investments (since I’m still somewhat youngish) right now I have 10 percent going into traditional (+ 6 percent match)a...
reddit.com
Caregiving can sap retirement savings. Here's how advisors can help
Mar 01 2023
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financial-planning.com
New 401(k) Rules and Benefits for 2023
Feb 28 2023
Big changes are coming to 401(k) benefits this year and the next few years. If you want to maximize your retirement savings and your retirement lifestyle, it’s critical you are aware of these ch...
401kmaneuver.com
When It Comes to Money, Your Brain Can Be Your Own Worst Enemy
Feb 26 2023
Our cognitive biases can get in the way of saving for the future, especially for retirement. Here’s how to recognize and overcome them....
nytimes.com
How to 10X Your Retirement Savings While Barely Lifting a Finger | The Motley Fool
Feb 25 2023
You don't always have to toil, sweat, and struggle to turn a little bit of money into a much bigger future sum....
fool.com
10 Ways to Retire Even If You Think You Haven’t Saved Enough
Feb 23 2023
If you think you haven’t saved enough for a truly secure retirement, think again. The impossible could become possible with any one of these 10 creative ways to retire. You see, saving diligentl...
newretirement.com
TFSA vs. RRSP: Where Should You Put Your Money?
Feb 23 2023
Back in 2009, the Tax-Free Savings Account (TFSA) was introduced to Canadians. Since then, TFSAs have grown in popularity, and as a result, there have been many great debates over the Registered Retir...
retirehappy.ca
Unrealized Potential: Savings Accounts In A Retirement Plan
Feb 21 2023
This article proposes that, as a way to encourage consumers to save for retirement, banks offer a new type of savings account that has retirement plan features, the demand for which, unlike existing s...
forbes.com
What happens when you don’t have enough for retirement?
Feb 20 2023
I have multiple family members in their 60s with very little (under 100k) in retirement and savings who rent apartments. They are talking about how to retire and I just don’t get it. What happen...
reddit.com
Rate my retirement.
Feb 19 2023
Just a working stiff here. Saving about $40,000/ year in retirement accounts. Self employed so using a SimpleIRA. Another xtra $13000/ year in a taxable Brokerage acct.,and $7500/ HSA Have 1million sa...
reddit.com
Women have better 401(k) habits than men, but still less savings
Feb 16 2023
...
financial-planning.com
What would you do?
Feb 10 2023
I'm 38 and about 2 years away from retiring from a highly stressful job. My pension (for life) will be about 72k a year, and I will have about 1.1 million in savings. If I stay at my job 5 years past ...
reddit.com
Upcoming Retirement Savings Provisions In Secure Act 2.0
Feb 09 2023
The Secure Act 2.0 has been signed into law and brings with it several provisions aimed at increasing retirement savings and providing more Americans with a secure stream of retirement income....
forbes.com
The 4% Rule
Feb 09 2023
I see a number of people working very hard and saving in a 401(k) or IRA (or Roth IRA). Are you aware of the 4% rule? Have you spoken to your advisor about it? Google ‘The Trinity Study’ a...
reddit.com
Saving advice for 27F trying to buy a house while also saving for retirement
Feb 08 2023
Hi Reddit, Usually I just lurk but I’ve been feeling extra stressed about saving lately. Currently I am a teacher with 16k invested into my pension fund (however I may leave teaching and start o...
reddit.com
A Retirement Income Distribution Plan Is as Critical as Saving
Feb 03 2023
Designing a strategy to efficiently use your retirement savings is a critical step on your retirement planning journey to maximize your income and ensure a long-lasting retirement....
kiplinger.com
Increasing Retirement Funds By Integrating Existing Retirement Fund Sources (And By Increasing Saving For Retirement)
Feb 03 2023
Commentators on the "retirement crisis" ignore the potential for increasing the spendable funds available to existing and soon-to-be retirees by integrating existing retirement fund sources. Also igno...
forbes.com
7 Benefits of F.I.R.E. (financial independence, retire early) That Will Burn Away Your Financial Stress
Feb 02 2023
Financial stress is a burden that affects millions of people each day. From worrying about paying bills to saving for retirement, it can feel like you’re stuck in a never-ending cycle of financi...
financiallyalert.com
A New Option for Moving Retirement Savings When Switching Jobs
Feb 01 2023
Three big 401(k) administrators are making it easier for workers with accounts of less than $5,000 to transfer the money to their new employers’ plans....
nytimes.com
‘New Year’ To-Do List For Gen-Z Retirement Savers
Jan 30 2023
A new year means another chance for a new beginning. For Gen-Zers, choices today can mean the difference between a comfortable retirement or an anxious retirement tomorrow....
forbes.com
5 Ways the SECURE Act 2.0 Can Boost Your Retirement Savings
Jan 27 2023
On December 29, 2022, the SECURE Act 2.0 of 2022 was signed into law to enhance America’s retirement savings outlook. Discover 5 ways the SECURE Act 2.0 can boost your retirement savings....
forbes.com
Inflation makes saving for retirement harder. Here's what to do
Jan 27 2023
...
financial-planning.com
Masterfully Crafted: How ChatGPT Wrote a Compelling Article on the Power of Saving and Investing
Jan 24 2023
I’m both excited and scared about the concept of Artificial intelligence (AI) including ChatGPT, which is currently all over the technology news. The technical and engineering side of my brain i...
routetoretire.com
The Best High-Interest Savings Accounts for 2023
Jan 24 2023
High-interest savings accounts have garnered more attention in recent months, with inflation sending interest rates soaring. If you’re sitting on cash in a regular chequing or savings account th...
retirehappy.ca
Inflation’s Toll: Cuts to Retirement Savings and Health Care | Kiplinger
Jan 23 2023
Many consumers struggling to make ends meet amid inflation are reducing retirement saving and health care, which can have disastrous results later in life....
kiplinger.com
How Long Does Retirement Last? Many Americans Don't Know
Jan 22 2023
And that can hurt their savings plans....
money.com
To retire or to not retire; that is the question
Jan 22 2023
Sorry for the long post; I hope many can read it and comment. I'm pretty close to retiring. I'm past the Social Security age and I've been drawing and saving Social Security for a year or two while st...
reddit.com
The Real Cost of Retirement: Are You Saving Enough?
Jan 16 2023
Social Security benefits in 2023 will see the highest increase in 40 years, but will it be enough to cover the real cost of retirement? In 2023, there will be an 8.7% increase for COLA (Cost-of-Living...
401kmaneuver.com
A Tiered Approach to Emergency Funds
Jan 14 2023
Please have an emergency fund. In 2021 you might have felt good about being 100% invested. It was common for FIRE
andrenader.substack.com
How did you save for retirement and what, if anything, would you change?
Jan 14 2023
The best thing that I did for myself to prepare for retirement was automate my saving and investing....
quora.com
How Long Will $400k Last Me in Retirement?
Jan 12 2023
Data from the Federal Reserve shows that the average savings in the United States at retirement age is just $255,200. So if you find yourself with $400,000 in assets at retirement age, congratulations...
yahoo.com
Extreme Saving Method Speeds Up Early Retirement Option
Jan 12 2023
There’s growing interest in the “financial independence, retire early” FIRE movement, but fans say it takes dedication to frugal living to get results....
aarp.org
Half of America stopped saving for retirement last year amid soaring inflation
Jan 11 2023
...
financial-planning.com
SECURE Act 2.0: How It Affects Your Retirement Savings
Jan 09 2023
The SECURE 2.0 Act, which was signed into law December 29, 2022, introduces major changes to the retirement system and how you save for retirement. The Setting Every Community Up for Retirement Enhanc...
401kmaneuver.com
The economy boomed last decade, but low-income Americans' retirement savings shrank. Why?
Jan 09 2023
...
financial-planning.com
As market outlook improves, retirees may be able to withdraw more savings
Jan 09 2023
...
financial-planning.com
How to balance retirement and emergency savings in a shaky economy
Jan 06 2023
Experts cover how to decide between saving to your 401(k) for retirement versus your emergency fund in an unsteady economy....
cnbc.com
For Freelancers, New Federal Help in Saving for Retirement
Jan 06 2023
The Secure 2.0 Act provides for direct government contributions to retirement accounts for low- and moderate-income workers, though that won’t start until 2027....
nytimes.com
Calculate Retirement Savings
Jan 06 2023
Are you saving enough for retirement? This calculator will help you with retirement planning and provide you with an estimate on your future retirement savings....
bankrate.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.