Retirement Statistics + Educational Money Reads
Don’t forget that money is a means to an end, not an end itself.
One of life’s biggest challenges is balancing competing demands. With work, family, leisure are all vying for our attention, it’s tough to figure out how to find time and money to save for the future. As we know, money doesn’t necessarily equal happiness, yet it does solve money problems. One of my tricks to keep things in perspective is to consider what I’m doing today that will matter in the long term. Whenever I ask myself that question, my family relationships rise to the top. After all, who remembers the email you thought was so crucial 2 months ago?
After you stop – just for a moment- to reflect on how you want your life to look today, and tomorrow, we’ll get back to our standard fare: investing and money education.
5 Retirement Statistics {Don’t let this be you}
According to Erika Rawes at Wall Street Cheat Sheet.com, here are some retirement statistics that may surprise you:
1. One third of Americans have no retirement savings. You would think that with all of the available workplace retirement options, most employees would be saving for retirement. So, if you’re saving for retirement, congratulations. If not, get started now.
2. One third of Americans over age 65 rely on Social Security for their main source of retirement income.
3. Twenty percent of retirement plan owners, use those funds before retirement. Clearly, if you decide to tap retirement accounts before age 59 1/2, you’ll be subject to a penalty, and you won’t have that money in retirement.
4. Many public pension funds have not returned to their pre recession levels. In fact, during this Governing.com study, many major state pensions are below their 2007-pre recession peak values.
5. Most millennials realize the importance of saving for retirement, in spite of the fact that only about 55 percent are actually putting that knowledge into practice, according to a Wells Fargo study.
Retirement
You Can Retire Sooner Thank You Think by Wes Moss
The Five Years Before You Retirement; Retirement Planning When You Need it Most by Emily Guy Birken
Money
Your Financial Mistakes Don’t Have to be Forever @ Moneymastermind Podcast
Money Conscious Books @ The Debt Free Guys
The Best 54 Personal Finance Tips of 2014 @ Debt Round up
16 Week end Jobs for Mom’s to do Right Now @ 1099mom
Business on a Budget: My $76 Home Office Makeover @ Careful Cents
The Top 5 Numbers You Need for Financial Success @ Stackingbenamins Podcast
How I Paid Off My Mortgage in less Than 1 Year @ Life and My Finances
How to Indentify and Cut Needless Expenses @ Frugal Rules
3 Simple Steps to Save 50% of Your Income @ Retire by Forty
Young Millionaire Series @ The College Investor
How Much Can Miss Universe Expect to be Worth? @ Go Banking Rates
Investing
How to Invest When Dividends are Expensive @ Arbor Investment Planner
Markets Get Bumpier as Fed Withdraws Safety Net @ Wall Street Journal
4 Ways to Lower Portfolio Risk in a Record Stock Market @ Money Smart Life
The Best 54 Personal Finance Tips of 2014 @ Debt Round up
16 Week end Jobs for Mom’s to do Right Now @ 1099mom
Robo Advisors-A Brave New World @ Chicago Financial Planner
These Bond ETFs Protect Your Money From Inflations Bite @ Marketwatch
Investopedia + U.S. News & World Report Articles by Barbara Friedberg
3 Investing New Years Resolutions to Build Wealth @ U.S. News & World Report
Investors Can Cut Taxes Through Smart Asset Placement @ U.S. News & World Report
The Best States to Retire for Tax Reasons @ Investopedia
Why Investors Need to Rebalance Their Portfolios @ Investopedia
