retirement savings

retirement savings

Are You Behind On Your Retirement Savings?

Saving for retirement is one of the most important financial goals. In the old days, people would work for one company for thirty or forty years and then would be able to retire comfortably with a pension and social security. However, times have now changed both in retirement planning and how long people stay at their jobs throughout a career. There are many priorities that pop up during life, such as a child's college, that get in the way of retirement savings.

Should You Tap Social Security Benefits Early?

Social Security (SS) benefits belong to the workers who paid into the system. The United States government has given the citizens the ability to choose when they retire. Should you tap your Social Security benefits early?
 
In many ways, it seems like everyone would want to tap their government benefits as early as possible. So why don't they? Choosing when to retire is a very complex decision.
 

How Much Should You Save for Retirement?

Anyone that has begun to consider their options for retirement has no doubt asked themselves when they can retire and how much they will need to save up. These are two tricky questions for a variety of reasons, including the fact that the future is always unpredictable. Any number of twists can take place ranging from a dramatic shift in the economy to a serious illness, but this does not mean planning is not essential.

Should You Use Your Retirement Account to Pay Off Debt?

Using retirement funds to pay off high-interest credit cards, or outstanding financial obligations, is a common, yet less advised method of managing expenses. Liquidation of a retirement fund often does allow you to fully pay off your accounts owed. However, before making the decision to tap into your retirement savings, or transfer your assets to cash, review the terms and conditions for early withdrawal from a 401(k) or long-term investment.

Millenials, When Should You Start Saving for Retirement?

For young adults, retirement may seem like a lifetime away. You’re just now starting to build your life, and you probably have rent, utilities, necessities, and other loans to pay off. With a low income and high expenses, retiring is the least of your priorities. So, it’s very easy to forget about saving for the future.
 
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