Saving

Cheap 4th of July Fun-7 Great Ideas

Cheap 4th of July Fun-7 Great Ideas

By in Guest Post, Personal Finance, Saving, Tips | 0 comments

7 Ways to Enjoy the Fourth of July + Maybe Build Wealth By contributing columnist,  Alexandra Deluise The Fourth of July is one of the highlights of summer for me. The holiday almost always includes a cookout, fireworks, and time spent with family around a campfire with marshmallows. This year, July 4th is on a Wednesday. You might even take off Thursday and Friday for time to recharge, relax and have some fun. This means five full days of potential festivities and cheap 4th of July fun! However, getting crazy on this patriotic holiday can cost a lot if...

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6 Retirement Planning Tips for 50 Year Old’s

6 Retirement Planning Tips for 50 Year Old’s

By in Debt, Insurance, Retirement, Saving, Sponsored, Tips | 0 comments

Retirement Planning Action Tips for Today You’ve hit the big 5-0 and the reality that you’re not going to work forever sinks in. If you’re like most Americans, your retirement account is on the lean side. A recent Economic Policy Institute article reports that for households between ages 50 and 55, the average savings balance is $124,831. Yet, all is not lost and at age 50, there’s still a solid 15+ years to go before retirement. With targeted planning, you’ve got time to craft a successful retirement. Read on for 6 important retirement planning tips for 50 year olds: Retirement...

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Your Savings Account Stinks. Here are 5 Places to Keep Your Money Instead

Your Savings Account Stinks. Here are 5 Places to Keep Your Money Instead

By in Guest Post, Real Estate, Retirement, Saving | 0 comments

Alternatives to Savings Accounts – Not Under Your Mattress By, Greg Johnson With many banks offering an APY rate of 0.03% or less, using a savings account as a long-term investment option is not your best money move. You won’t be growing rich by watching your account grow in pennies. Bonus; Should I Pay off My Mortgage or Invest in the Stock Market? Don’t fool yourself into thinking that you are keeping your money safe in these risk-free savings accounts either. Stashing your money in a low-interest savings account means you’re just robbing yourself of potential earnings as inflation...

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Roth or 401k, Which to Max Out First?

Roth or 401k, Which to Max Out First?

By in Investing, Reader Question, Retirement, Saving | 11 comments

Roth or 401k which should I max out first? asked Buck Inspire This is an excellent question, which to max out first, a 401k or Roth IRA? The easy answer, max out both the 401K and the Roth IRA! You can’t go wrong saving and investing as much as you possibly can now. What if I Can’t Max out Both My Roth IRA and 401K? In the real world we all need to make financial choices. Most investors can’t afford to max out their 401k and their IRA. So, how to allocate retirement funds is a common question. If you can...

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Top 7 Unique Ways to Save Money – Financial Freedom Within Reach

Top 7 Unique Ways to Save Money – Financial Freedom Within Reach

By in Saving, Wealth | 0 comments

Saving is one of the most challenging aspects of “adulting.” While most people want to save, only a few accomplish it. But for those who do, the results of saving up life-changing. Look at saving money through a unique lens. Replace the “money” reference with “freedom”. The more money you save, the more freedom you have in your future life. Here are top 7 unique ways to save money and achieve financial freedom that work: 1. Unique Way to Save Money – Divvy Up Your Paycheck Adjust your thinking about your paycheck. It’s your path to freedom. Divide your...

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Fidelity’s Retirement Saving Guidelines – Are You On Track With Your Retirement Saving?

Fidelity’s Retirement Saving Guidelines – Are You On Track With Your Retirement Saving?

By in Retirement, Saving | 25 comments

Fidelity Retirement Saving Guidelines Are Aggressive – So Start Saving Now “Savings factor: Aim to save at least 1x your income at 30, 3x at 40, 7x at 55, 10x at 67.” ~”How Much Do I Need to Retire” at Fidelity.com Several years ago, Fidelity made a splash with cold hard retirement numbers. The discount brokerage powerhouse told savers and investors exactly how much they needed to save for retirement at each age milestone. For example: By age 30, you need the the equivalent of one year’s salary saved. So if you make $70,000 per year, you should have...

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