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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.

Jan 1, 2020
Home Equity Loan - Lowest Rates in Years
Debt Consolidation
Been looking twice at those attractive sounding offers for a debt consolidation loan? Paying off high-interest credit card debt with a home equity loan can help financially troubled families make ends meet. And in some cases the interest on a home equity loan is tax-deductible. More info...

Dec 23, 2019
The Pros And Cons Of Using A Pocket Listing To Sell Your Home
Tara Mastroeni,
Typically, when a home is listed for sale, the listing agent will advertise it on the multiple listing service, or MLS, in order to encourage potential buyers to come take a look. The same cannot be said for a pocket listing.

If you�ve heard the term �pocket listing� and are curious to know more about how they work, keep reading. I explain what a pocket listing is, as well as the potential advantages and disadvantages of using this method to sell your home. More info...

Dec 15, 2019
The Non-Financial Benefit of Homeownership
Patrick Peters
We are a nation of homeowners. Tax benefits and government encouragement have always driven American homebuying in a way unfamiliar to most other first world nations. For most Americans, their home represent their larger investment. And in recent years, the fluctuations in value around that investment have become a cause for both deeper interest and greater concern amongst homeowners. Often they will look to the sale of this home as a foundation to funding their retirement. More info...

Dec 6, 2019
Fabulous Florida Vacations
Check out these deals at the finest hotels.
Enjoy Florida's world famous beaches from Destin, FL to the Key West. Drive on the beaches in Daytona Beach, or horseback ride on the beaches of Amelia Island. The surfs up at Cocoa Beach home of world famous Ron Jon's giant surf shop and annual surf contests.Disney World has some great deals on their best hotels. More info...

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