Five Threats to Retirement Savings

Saving for retirement does not always go as planned. Retirement savings are subject to threats, both direct and indirect. Some of these threats are just unfortunate circumstances, while others are deliberate actions trying to take advantage of the investor. Boomerang Children These are the children of the Boomer Generation that are still being supported by … Continue reading “Five Threats to Retirement Savings”

The Balancing Act

Many younger workers have the task of balancing debt reduction with retirement savings. Often the debt they have accrued is related to student loans and credit cards. Many of these workers believe they need to pay off their debt before they begin actively saving for retirement. However, to be able to save a sufficient amount … Continue reading “The Balancing Act”

Savings Tips for Millennials

Millennials are struggling to save and pay off student debt at the same time, putting them behind in the retirement savings area. The ones that are managing to save, aren’t saving what experts consider enough. There are some things they can do about it though. Cut Costs One of the biggest expenses on Millennials’ plates … Continue reading “Savings Tips for Millennials”

Maximizing Your 401(k)

401(k) plans, whether company-sponsored or not, can be great vehicles for retirement saving. Maximize this account with a few simple steps. Get Growing – Many people can’t start contributing the maximum amount right away. To get to the maximum contribution, individuals should up their contributions by one percent each year. This is an amount that … Continue reading “Maximizing Your 401(k)”