Submitted by Eric Hutchinson on Fri, 02/07/2014 - 12:00pm
Each month, where should your money go first: 1) paying your bills, or 2) contributing to your retirement savings? The answer is 2). While keeping current on your bills is important, regularly socking away funds for your retirement is more important. If you wait until month’s end to put money into the retirement account, there won’t be enough left to make a difference in building your long-term wealth.
Call it paying yourself first. Perhaps most important for you to know: Your investment contribution rates produce your ultimate success in having the financial ability to retire.
Submitted by Manisha Thakor on Wed, 02/05/2014 - 3:00pm
You give to your kids, in one way or another, their whole lives. Your financial generosity must taper when the children grow to adults. Here’s why and how to cut back.
Speaking recently about financial literacy at a conference, I received energetic applause when I argued it was unhealthy to give kids everything they ask for. I specified that this also goes for adult children who boomerang back into their parents’ lives. The cheers grew a lot louder.
Submitted by Grant Webster on Wed, 02/05/2014 - 12:00pm
Funding a retirement account is not as hard as you may think. It takes some diligence. When was the last time you found $5,500 lying on the sidewalk? Or under your bed? Or randomly added to your bank account?
What if I told you it is relatively simple to find enough money ($5,500, to be exact) in your current budget to fully fund one of the most important retirement savings plans available to you – the Roth individual retirement account? This method works whether you are in Generation Y or older.
Submitted by Mary Beth Storjohann on Fri, 01/31/2014 - 12:00pm
You need to get financially organized for 2014. Here’s how.
Many people remain unsure where to start with their finances. Kick off with this printable financial checklist with actionable strategies, boxes to check off and spaces to fill in on your own. Stop stressing about your money and start writing down goals and checking your financial status.
Submitted by Joseph A. Clark on Wed, 01/29/2014 - 3:00pm
Thinking – and acting – long-term is not easy. It requires the resolve to be consistent and persistent into the future. More than that, though, it requires that you set the right objectives. What’s the point of expending cost and effort if the objective is ill-defined or unwise?
Submitted by Roger Wohlner on Fri, 01/24/2014 - 3:00pm
Your golden years loom. Here’s how to prepare.
The financial press bombards us with stories about the sorry state of retirement readiness in the U.S. This highlights the need for us to plan and save for our last years because nobody will do it for us. The only retirement readiness statistic that matters: yours.