What You Need to Have the Perfect Day
Key takeaways Simplicity is the key to success if you want to have the perfect day. Keeping the steps to accomplish something, like the perfect day, limited to three makes it manageable. The three steps to a perfect day are: take time for yourself each week, set your sleep and wake schedule to prepare you […]
Delaying Your Leap from the Nest
Key Takeaways It might sound strange to be living with your parents at 30, but it can be a good idea to help you defray costs if you have a significant amount of student loan debt. With rent costing anywhere from 30-50% of people’s income, housing is one of the biggest costs in a person’s […]
401(k) Vesting
Key Takeaways When you’re vested in your 401(k), you’re receiving Other People’s (your employer’s) Money. There are two different types of vesting plans: safe harbor and discretionary match. At a minimum, you’ll want to contribute to your 401(k) the matching amount your employer offers. What’s a great way to grow your 401(k)? How about […]
4 Key Items in Your 401(k)
Key Takeaways A 401(k) is a smart way to save for retirement and help you reach your future financial goals. If you’re investing in your company’s 401(k), it’s important to understand the math behind it. There are four key items you’ll want to be aware of when it comes to your 401(k).
Blissfully Married
Key Takeaways For many reasons, getting married is a huge life transition. Combining incomes and budgets is a major part of that transition. Make sure you communicate with your future spouse about your spending strategy – and avoid the stress that can come from keeping money a taboo subject!
Online Purchase Installments: Good or Bad?
Key Takeaways Many online retailers offer the option to pay for items in installments. Installments may seem like a good idea, especially when there’s 0% interest on a purchase. Be careful not to jump at these offers too often, otherwise your monthly payments may become overwhelming.
Do You Know How Much You Should Be Saving For Retirement?
Key Takeaways Down the road, in retirement, you may want to abide by a safe withdrawal rate to ensure you don’t run out of money. A safe savings rate might be more relevant to you if you’re decades away from retirement. If you’re delaying saving for retirement, you might be surprised how much more you’ll […]
Do You Have a Will to Protect Your Family?
Key Takeaways A whopping 78% of millennials do not have a will or advance directives in place. Without these, your loved ones may run into legal issues if you become incapacitated or pass away. Think of a will as a love letter to your family, taking care of them after you’re gone.
The Impact of Millennials’ Spending and Saving
Key Takeaways The millennial generation is the largest part of the workforce in our country right now. As millennials age, the amounts they’re saving and spending are changing. These saving and spending changes are impacting our economy and will continue to do so for several years.
The Downfalls to Target Date Funds
Key Takeaways Target date funds are a kind of “set it and forget it” way of investing for retirement. This approach doesn’t take into consideration all the variables about an investor, outside of his/her age. A better approach is to examine one’s specific circumstances when deciding how to invest.