If you’re worried about the effects of inflation on your retirement, here are six tips to help you stick to your plan.
retirement
Should You Contribute to an IRA?
Many Americans are lucky enough to have a retirement savings plan through their employers. If you don’t have that option, an Individual Retirement Account – or IRA – allows anyone with earned income to save for retirement. And if you’re self-employed, you can use an IRA to create your own retirement plan. In addition, there are special rules that may allow a stay-at-home spouse to contribute to one as well. Continue reading
Which Takes Priority, Retirement or College?
Like most people, you probably have many financial goals you’d like to accomplish. If you have children, helping them pay for college may top the list. Continue reading
Get a Home Loan Without Dipping into Retirement Savings
If you’re planning to buy a home, you may be worried if you’ll have enough money saved for a down payment. You’ve probably heard that you can use retirement funds to help, but it’s important to know the restrictions, or you could be stuck paying penalties and taxes. And even though a home can be a great investment, taking out retirement funds early could hurt your long-term security.
Here’s what you should know before you make any financial moves. Continue reading
Rules of Thumb to Save for Your Future
For many of us, retirement is years away, for others it may be right in their rearview mirror. No matter where you are in life, you may wonder if you’re saving enough for when you quit working. Although each person’s situation and goals are unique, considering these simple rules of thumb can help take the guesswork out of retirement planning, so you can develop a winning savings strategy. Continue reading
Your Retirement: Smart Ways to Save for Your Future
With so many financial obligations in life, it’s easy to put your own needs on the back burner. But saving for your retirement is one of the best things you can do to achieve lasting financial well-being. It won’t seem like a struggle once you get into the savings habit and stick with it.
Member’s Story: Angela (Video)
Angela credits SchoolsFirst FCU with giving her the opportunity to save for retirement and enjoy her time after teaching. Continue reading
Bump Up Your Retirement Account This Year
Most likely you have plenty of to-dos on your list. When it comes to saving for your future, where is it on your list? Here are some tips to help you understand your options and improve your overall retirement savings picture.
SavvyMoney Minute: Hope is Not an Investment Strategy
It’s nice to think of the glass half full, but not necessarily when it comes to money. When you’re overly optimistic, it’s easy to convince yourself it will all be okay. But complacency leaves to inaction, and your financial future depends on you taking the right steps, right now. Here are three steps you can take.
SavvyMoney Minute: Financial Check-up
Once a year you go the doctor for a check-up. Twice a year you visit the dentist for a cleaning. But when was the last time you had a financial physical? Without one, you may not know if you’re financially healthy. Do you have too much debt? Are you saving enough for retirement?