Archive for Retirement

Three ways to Increase 401K Contributions without hurting your budget

Three ways to Increase 401K Contributions without hurting your budget

You know you need to either start contributing to your 401k plan or increase the amount you are contributing but where do the funds come from? It can be hard to pull money out of your normal budget to invest for retirement especially if you are a little older. The more financial responsibilities you have in life the harder it is to take any money out of pocket each month or week. Here are a couple of solutions to this problem….

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Contribute to your 401K

Contribute to your 401K

Planning for retirement is one of the most important financial decisions you can make. There will always be debates over which investments are better and how you should save your money, but one fact will always be agreed on and that is to start planning and saving early. There is nothing better than having time and compounding interest on your side.

 Many times people ask if it is better to contribute to your employee sponsored 401K program or contribute to a Roth IRA. The simple answer to this question is if your employee sponsored 401K program offers any type of match benefit then you should take advantage of this free interest. However I would suggest only contributing the maximum amount that they match.

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Millions for Retirement

How to save millions of dollars for retirement

Want to know the secret of how to make a million dollars? Well, it’s really no secret but if you start early in life it can be the easiest money you could ever make. No, I’m not going to tell you one of those get rich quick schemes, this is the real deal. Everyone hopes they can live long enough to see retirement age; however, many of us don’t plan for retirement or don’t save enough to live comfortably after retirement. That’s why today you see thousands of retirement age people still working everyday in order to make ends meet.

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