Tag "retirement savings"
Everyone hopes to one day own their dream home, but some want it so badly that they are willing to use their 401(k) for a down payment.
Being self-employed gives you a certain degree of freedom but it shouldn’t give you a reason not to save for retirement. Since you don’t have the benefit of an employer helping you save for retirement, you need to do most of the legwork yourself.
More and more, women are delaying marriage and many women are deciding to forego it altogether.
Three out of four individuals are said to have a solid retirement saving plan by the time they hit their 40’s. They understand that they are getting to their peak years and they should employ the lessons they learned on long-range saving goals.
The thought of spending more hours thinking about how to make two ends meet is scary indeed. But retirement need not be so terrifying. Here are a few simple steps that have been followed by those who are not homeless.
Retirement is a time when an individual stops employment completely. However, semi-retirement (reducing work hours) is still an option.
Many retirees have some kind of savings that were accumulated over the years; but for low income workers, they may retire with little or no savings, leaving them to rely mainly on Social Security benefits and financial help from loved ones.
When it comes time to retire, no one wants to worry about their finances as they make the transition to a fixed income.