How to Prioritize Savings To Meet Your Financial Goals
There’s a Jamaican proverb that says, “Save money, and one day money might just save you.” Valuable advice. It’s necessary to save some of what you earn for the future because you’ll need the money down the line. But, as you look to start saving, there are so many different goals and personal priorities that…
Read More6 Fast Facts About The Secure 2.0 Act & How It’ll Affect Your Retirement
Find out how saving for retirement could affect your benefits: How Can People on Government Assistance Save for Retirement? If you feel behind in your retirement savings, you’re not alone. In fact, roughly 27% of Americans over age 59 have no retirement savings at all. At the end of 2022, the federal government took steps…
Read MoreWhat Are The Best Investments If My Income Is Low?
Are you curious about investing, but you don’t know where to start, or you’re worried your income is too low? You’re not alone. Around 42% of Americans don’t have money invested in the stock market, according to a 2022 Gallup poll. We know investing has long-term benefits, but it does come with risks, and it…
Read More9 Tips to Determine Your Investment Risk Tolerance & Spot Risky Investments
If you’re ready to start investing, the process may seem both exciting and overwhelming. It can also be tricky to know where to start. As you get ready to open an investment account or look at buying stocks to add to your portfolio, it is important to keep in mind the risks involved in investing. …
Read MoreWhat are Bonds & Should I Invest in Them Instead of Stocks?
Are you new to investing? That’s ok! Now is a great time to get started. As you look to build your portfolio, you’ll see many different investment options. Two of the most common options are stocks and bonds. Often, new investors aren’t sure how each of these investment vehicles fit into their overall financial plan.…
Read MoreUnderstanding Your Retirement Savings Needs
Find out how saving for retirement could affect your benefits: How Can People on Government Assistance Save for Retirement? “Start where you are, use what you have, do what you can.” This quote by Arthur Ashe is a solid approach to retirement. It’s important to simply get started when saving for retirement. But, it can…
Read MoreWhat Can I Do if I’m Behind in Saving for Retirement
Find out how saving for retirement could affect your benefits: How Can People on Government Assistance Save for Retirement? If you’re feeling behind on your retirement goals and dreams, it might help to know that you’re not alone! 55% of working Americans say they feel behind when it comes to their retirement savings. The truth…
Read More5 Differences Between a Roth IRA and a 401K
Saving for retirement is a common goal in personal finances. Often it’s seen as a way to take care of your future self and enjoy life when you aren’t working anymore. But, when you start looking at all the different types of retirement plans and accounts you can use to reach your goals, it can…
Read More401K Break Down: What is a 401K & Why is it Important to My Financial Planning?
Find out how saving for retirement could affect your benefits: How Can People on Government Assistance Save for Retirement? Have you ever noticed how each industry seems to have its own language? Whether talking to your plumber, mechanic, or doctor, there are all kinds of terms each uses that may sound foreign to you. This…
Read MoreWhat are Series I savings bonds & should I buy them now when inflation is high?
Get free weekly tips, tricks & ideas from the SaverLife team The United States inflation rate has been higher than many of us have ever seen. I was a child when the inflation rate was this high. And while I remember having to be the person who physically got up to change the TV channel…
Read More