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save for retirement

How to Save for Retirement

Pay Yourself First | 401K | IRA | Roth IRA

save for retirementThe trick to saving consistently is to pay yourself first. The best way to do that is by having money deducted from each paycheck and put into a 401K account or an IRA account.

Employer Contributions

401K accounts are set up by employers and allow employees to save money out of their pay check and invest the money as the 401 allows. In many cases the employer will match the employees savings which is like getting free money. Employers may match anywhere from 0-6% of an employee contribution and that contribution is tax free. All money put into a 401K account is tax free until it is taken out during retirement.

Self Employed

 

If you are self employed or your employer does not offer a 401K plan, you may set up an IRA account at your local bank or stock broker. An IRA works the same way as a 401K but is an individual plan rather than a company sponsored plan.

Investing Wisely

Companies like TD Ameritrade can help you set up an IRA account as either a standard IRA or a Roth IRA. With the Roth IRA you pay taxes on the money you save, but you can take it out tax free when you retire.

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Residential Construction Loans
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Choosing the right construction loan for building your new house is the most important part of the construction process. Note that a construction loan contains many variables that can cost you time and money or cause unwanted delays. Understand these variables before you go shopping for a loan. Lenders tilt the table in their favor so you want to find the table with the least tilt. More info...

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When Making Your Home More Sustainable, Health And Wellness Are Also Part Of The Conversation Jamie Gold
Jamie Gold
A funny thing happened on the way to sustainability: Consumers became aware that the toxins environmental groups have been warning them about for decades are not just harmful to the planet, but to their health as well, and that having an eco-friendly home is about much more than saving money on their utilities. There has always been a segment of the population that tracked these home wellness topics, but it has become much more mainstream lately. More info...

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0% Interest Credit Card
Pay off high interest rate credit cards
The best way to pay off credit card debt may be with another credit card that offers 0% interest for up to 18 months. Credit card companies include Chase, Bank of America, Wells Fargo, Cit, Capital One, and HSBC. You can choose the best card for you in terms of cash rewards and 0% interest. More info...

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Business Funding Sources
Need money to start or grow your business?
The number one issue with any new business is obtaining the funding needed for startup and operating expenses. Here an entrepreneur can find loan sources, crowd funding, angel investors, and investment bankers.

New rules for investing in crowd funding now allow smaller investors to participate and will increase the amount of money available for startups.

Check out sites like Kickstarter, Angel List, and Crowdfunder. Or got straight to the SBA site for a list of government financial resources for entrepreneurs. More info...


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