How Can People on Government Assistance Save for Retirement?

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“Where are the best places for people on state assistance to start saving for retirement? I’m looking for something with low starting balances and low monthly transfers to the account. Do you recommend any financial companies, savings accounts, government-issue bonds, stock market?? I am so confused!” Submitted by Jessica L. I want to acknowledge your…

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What is the Earned Income Tax Credit (EITC)?

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Hi, I’m Dirk. I’m a tax expert with Intuit’s TurboTax and I’m here today to talk to you about the Earned Income Tax Credit. What is the Earned Income Tax Credit? It’s a tax credit available for those who are low- and moderate-income families and the benefit varies depending on whether you have children or not. If you’re…

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Do ups and downs in income make it hard for you to save?

Last month, our research showed that 70% of SaverLife Savers experience ups and downs in income. These fluctuations can make it harder to budget and save. After all, how can you plan for your financial goals when you don’t know how your income will change every month? We were shocked to learn how frequent and…

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How do you deal with ups and downs in income?

It’s in the news all the time: a record number of Americans have incomes that go up and down throughout the year. Some of these people work in the “gig economy,” driving for rideshare services like Lyft and Uber; some work seasonal construction jobs; and some perform childcare or freelance work when they can get it.…

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