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The #1 Tip to Help Maximize Your 401(k) Investing

Investing is the most important element of our financial future.  Tony Robbins and Clark Howard recommend that people who have yet to invest in the stock market should ‘get in the game.’  Experts believe the financial market is still ‘winnable’. We agree.  Don’t wait to invest. Get started with whatever you have.

You can put off some small things in life without consequence, but when it comes to investing, sticking your head in the sand simply won’t cut it. If you don’t know how to start investing, when to start investing or why you should invest, now’s the time to learn. The sooner you get started, the more time and interest can help grow your money.

To learn more click here.

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When Is It Time to Cut Your Kids Off From Your Finances?

Deciding when to let your children stand on their own can be tough, especially when they’re contending with student loans, underpaying jobs, or sky-high rents. But easing your kid’s entry into adulthood could be undermining your own financial security.

According to a December survey from CreditCards.com, three-quarters of parents are providing financial support for their adult kids.

But at a time when the majority of Americans haven’t socked away nearly enough for retirement—the median retirement savings for all working families in the US is just $5,000, according to the Economic Policy Institute—it makes sense to do a little less for our offspring, so we can think a little more about ourselves.

So, how do you figure out when and how to cut your kids off financially?  Learn more below.

Source: https://www.thebalance.com/when-to-cut-your-kids-off-from-your-finances

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Social Security’s Full Retirement Age Will Rise in 2018

The arrival of 2018 will bring with it several changes on the Social Security front.

This slow increase in the full retirement age presents a challenge now that Americans are living longer and saving less.  If Social Security is important in your life — or the life of someone you love — you should know about some key changes that will be made to the program coming in 2018.  Click below to learn more.

Source: http://clark.com/personal-finance-credit/social-security-full-retirement-age-rising-to-67

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4 Post-Work Life Tips

How to have a long and healthy retirement:

It’s a time when we’re supposed to find happiness, but post-work life is often associated with severe health problems. Below are some tips to help you live long and prosper.

Source: https://www.theguardian.com/lifeandstyle/2017/may/15/how-to-have-long-and-healthy-retirement

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Test Your Retirement IQ

What’s the biggest threat to a comfortable retirement? Ignorance. The decisions you make leading up to retirement, including how much to save, how to allocate your investments, when to take Social Security and how to anticipate your retirement expenses can make a big difference in your old age.

And the decisions don’t stop on day one of your post-career life. Once you’re in retirement, you’ll need smart strategies for taking withdrawals and investing your resources so they last as long as you do.

So how well-versed are you on this critical subject of RETIREMENT?   Take this quiz to find out.

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How Much Money You Need To Save Each Day To Become A Millionaire By Age 65

Becoming rich is nothing more than a matter of committing and sticking to a systematic savings and investment plan.

If you want to get rich, start investing- and start as early as you possibly can.

To illustrate the simplicity of building wealth over time, Bach created a chart detailing how much money you need to set aside each day, month, or year in order to have $1 million saved by the time you’re 65.

Next time you consider running to Starbucks for a $4 latte, think about this chart and consider redirecting that coffee cash to your savings.  Check it out here.

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When Will I Be Retirement Ready?

How do we know when we have enough for retirement?  Given it’s National Save for Retirement Week, there’s no better time than now to take the mystery out of saving for retirement.  The objective is that when you arrive at the golden years and find that they are truly golden-  It’s called FINANCIAL FREEDOM.   And it’s easier to get there with a little planning-  even in your 20s- Because it’s closer than you think!

 

Click the here to learn when you will be “Retirement Ready.”

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In Your 20s? 30s? 40s? 50s? 60s? The Best Financial Goals for Every Age

We’ve devised a little roadmap of goals that everyone can follow to make sure they are meeting the right financial goals for their age.  Of course, you can accomplish any of these goals sooner, but this is a good general map of where you should be at any given age:

Learn more here.

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6 ‘Must’ Things To Have Before You Turn 40

Thus they say “life begins at 40.” It is true in a sense that most people should be stable, ideally, in all aspects of their life when they turn 40—the “prime” stage in a person’s life.

It is when you are 40 when you can do and be in your greatest potential—and at least, have already achieved the following:

Click here to learn the 6 “Must” Things To Have Before You Turn 40…

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When Should You Start Saving for College?

So when should you start saving for your kid’s college? The short answer is, as soon as possible.  However, you must fund your retirement first!  If you’re already putting enough away for retirement, start saving for your child’s college fund as soon as you can.

Click here to learn more about saving for your children’s college.  

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