Are Your Savings Up to Par?

Are Your Savings Up to Par?

How are doing on your savings plan? According to a recent survey by MagnifyMoney, Americans are still accumulating more debt than savings. While the median savings account balance is $4,830, 29% of American households have less than $1,000 in savings. The amount saved...
Nine Tips for Seniors Living on a Fixed Income

Nine Tips for Seniors Living on a Fixed Income

Seniors who are living on a fixed income often have difficulty adhering to a budget while still living a fulfilled and active life. Because retirement should be one of the happiest and most relaxed times in your life, it always pains me to see seniors struggling with...
Why raiding your 401(k) is a bad idea

Why raiding your 401(k) is a bad idea

I recently read an article discussing PwC’s 2017 Employee Financial Wellness Survey. This study found that more folks are taking early withdrawals from their 401(k) plans, particularly millennial and GenX employees. The most common reasons for the withdrawals,...
How to take your 401(k) to your new job

How to take your 401(k) to your new job

This week we will discuss four options you have when you leave your job where you had a 401(k) or 403(b) retirement account. Leave the money where it is. If the plan of your former employer allows, you can leave your money in the plan. You money will continue to grow...
Get an IRA if you don’t have a 401(k)

Get an IRA if you don’t have a 401(k)

Last week we talked about why you should participate in your 401(k) plan. What can you do if you don’t have access to a 401(k) plan? The answer is an Individual Retirement Arrangement (IRA). Read on for three reasons why you should contribute to one if you don’t have...

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