Saving

Helping Diligent Retirement Savers “Flip The Switch” From Saving To Spending

Most Americans are not saving sufficiently for retirement. But even those who have been diligent retirement savers during their working years may encounter difficulties when they reach retirement, with the author of today’s article cautioning that many in this financially fortunate group “find it hard to flip the switch from saving to spending.” For his advice on how ardent retirement… 

The Power Of 1% More

While he acknowledges that it may seem like a trivial amount, the author of today’s article illustrates just how much of an impact 1% more can have on your earnings, savings, investing and, when combined, on your overall net worth. For more on the power of 1% more – including how you can go about getting that extra 1% in… 

The Secret Of The Super Savers

How are so-called “super savers” – people who save 20% or more of their incomes – able to be super savers? New research has identified “the single biggest difference between what super savers spend less on, as compared to the rest of us” – something super savers spend just 14% of their incomes on compared to 23% for non-super-savers. To… 

Emergency Fund 411: How Much, How and Where?

Dipping into your 401(k), taking out a loan, or turning to high-interest credit card debt when life throws one of its unpleasant (and expensive) little surprises your way has its cost. As the author of today’s article notes, “any of these steps will set you back in growing your net worth and hinder your ability to reach your goals.” Thus… 

5 “Big Picture Principles” For Reaching Your Financial Goals

April is Financial Literacy Month, but the author of today’s article believes that an understanding of five “big picture principles” is even more important when it comes to achieving one’s financial goals (such as having enough money for a secure retirement) than knowledge of specific financial concepts and processes. The first of these big picture principles? While investing is important,… 

JPMorgan’s “Better Way” To Track Retirement Savings

Looking for a better way to keep track of whether you are saving enough to retire? Today’s article may help in that regard, outlining “a more nuanced set of guidelines” offered up by JPMorgan. Here’s what the author has to say: “The aim is to help you track your progress in a way that reflects how much you will need… 

Early Retirement: What Stands Between It And You

“A very common goal is to retire early and lead the ‘easy, good life’ [but] many… are disappointed to learn that an early retirement may not be in their future.” Today’s article outlines five reasons why early retirement is not in the cards for many, including rising health costs, mortgage payments in retirement, and the status of Social Security. To…