While it may seem like retirement is the furthest from you mind, and sure, it could be decades away, but that doesn’t mean that saving should be on hold until down the road.  In fact, the earlier you start saving, the more you have for your nest egg to grow over time.  Whether you decide that a 401(k) or IRA is in your best interest based on your current and future income, by making a few money moves now, you can free up the most money you can and really maximize retirement savings. Check Your Credit Report If you have applied for a home purchase or refinance, a personal loan, or even your credit card, you know that not only is your … [Read more...]

Certainly there is more to live than spending all of your hard-earned money on nice cars and entertainment, and the fact that retirement will come a lot sooner than you expect, the earlier you are to start saving, the better.  Sure, money can be tight once you pay the monthly bills, but between reducing necessary and unnecessary expenses, sometimes you have to make some sacrifices in order to free up extra money.  When it comes to some of your monthly bills such as the mortgage, loans, and even insurance, could be even higher because of your credit score. Check Your Credit Report Make sure you do a thorough and total credit check at least … [Read more...]

New Year’s resolutions are easy to come up with, it’s carrying them out that is the problem.  Sure, everyone wants to lose a few pounds, so in January the gyms are packed with all those with new memberships and continues to be crowded for a few months, and then slowly you see more and more room and no wait for the machines as priorities change.  By summer, those January signups have disappeared and the gyms can look forward to payments continued to be made without showing up, able to sign up more members.  Same goes for your finances, as if you are looking to focus on retirement, you need to fully commit. Look for Company Matching … [Read more...]

In addition to monthly bills that likely eat away at your entire paycheck, the next most important piece is saving for your future.  Whether that is an employer 401k account, or an IRA, your retirement should be a priority early on, because even though it may even be decades before you retire, that time will go by so fast that you don’t want to miss out on funding your account when it’s already too late.  By freeing up money you can increase the funding of your retirement account. Follow a Budget Creating a budget, a budget is the easy part, it’s actually following it is the difficult part, so much in fact that most Americans actually … [Read more...]