Today’s Financial Message Just for you, {{ first name | friend}}
Start by setting clear investment goals. Knowing what you want to achieve is crucial. Craft your investment strategy plan, and how you’ll divide your assets, taking into account... Continue Reading
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No Retirement Savings? Get Back on Track With These 5 Solid Tips
What do you do if you have no retirement savings?
Most studies on retirement planning come to similar conclusions.
One oft-quoted Fidelity study determined that to retire by 67, you should have your annual income x 10 saved. That’s an easy benchmark to look at; if you earn $60,000, you need to have $600,000 saved.
Of course, there are far more experts who recommend you save more than twice that amount.
When it comes to what individuals say, 58% of retirement savers (including retirees) stated that outliving their retirement savings was their greatest retirement fear.
So, what do you do when you’re already sure you’ll have problems meeting even that 10x your income threshold?
What if you’re also already approaching age 50?
Recent Salary Increase? 4 Smart Things You Should Do to Get Ahead
So, you just got a salary increase. Congratulations!
With a promotion or increase, you have more disposable income to do as you please. You know what you want to do, but what is the smartest financial course of action?
A salary increase is definitely a cause for celebration. But once that celebration is over, it’s time to consider what the increase means for your financial future. In many cases, it means surprisingly little.
But of course mistakes can be made, leading to issues such as forgoing responsibilities or suffering from lifestyle inflation.
In this article, we will investigate how you can best reevaluate your budget after a salary increase to get the best financial results down the road…
Today’s Affirmation
I feel empowered when it comes to my finances. I trust myself to make the best financial choices for my future. I have a good handle on money management... Continue Reading