|
When
money is tight, it can seem difficult to save for a long-term goal, such as
your retirement. Serious as you may be about money being tight, you can't
afford NOT to save. Being old and broke is even worse than and young and
broke. Contribute a small amount to start, and increase it once you're used
to saving. Because your contributions are pre-tax, your paycheck is not
reduced by the full amount of your contribution. It's a small sacrifice for
a better future. |
Are
you serious? You're never too young to start saving for something as real as
retirement. It's your ticket to freedom. When you look to the future, you
probably feel skeptical about the chances you'll get any benefits from
Social Security. And now that the dream of retiring at 35 on dot-com stack
options is dead, the only one you can rely on is you. So why make saving
harder than it has to be? Start yesterday already. |
|
5 Reasons
You're Not Saving For Retirement |
Wake
up, feed the dog, feed the kids, work, lunch, work, soccer practice, evening
bath, bedtime story, West Wing.... Wait! Stop right there! You don't have
time to plan for your retirement, but you can watch TV? Yes, we understand
the need for downtime, but we're pretty sure you can fill out an enrollment
form during the commercials alone. |
|
The
last few years in the U.S. stock markets have been hard for investors, but
no one says you have to put all your eggs into the stock market basket. Your
401(k) provides a rang of investments to suit almost everyone, from the
conservative investor to the daredevil. Don't turn your back on this
valuable part of your employee benefit plan just because you're unsure how
to invest. Go to
http://retirement.standard.com and take the quiz under "Develop Your
Strategy." The results will point to a strategy that suits you. |
Does
your account allow your money to grow tax deferred? Is someone matching the
contributions you make to the account? What kind of interest are you
earning? Forgive us for being so Nosy, but we had to ask the questions.
That's because many savings accounts these days are offering
bottom-of-the-barrel interest rates. You might as well drop a nickel in you
couch and see if it turns into a quarter. Give your 401(k) a try. The
benefit of tax-deferred compounding alone will beat your savings account
returns. |