Saving
Americans Are Saving More
The household saving rate in the United States has been on an uptrend for years. And while we’ve been staying at home to help prevent the spread of COVID-19, the saving rate in the US reached a level not seen in over twenty-five years. For most of the past twelve months, we were saving at an annualized rate of 7.5% – 8%. But in March that rate increased to over 13%. And the recently released April figure hit a whopping 33%! Americans are saving more. And this trend is expected to continue throughout the summer. But why?
4 Ways to Gauge Your Saving for Retirement
Are you confident with how much you need for retirement? Here are 4 ways to gauge your saving for retirement so you can decide if you need to make changes.
To Save or Invest, That is the Question
When it comes to protecting your financial stability for retirement, you are bound to face a fork in the road when deciding how to secure your future funds.
Recent Posts
Why You Should Get a Social Security Benefit Statement
By K. Bridget Schneider, CFP®, CRPC®When was the last time you got a copy of your Social Security benefit statement? If you are like many people, you may think you got one in the mail a year or so ago. However, it may have been several years ago. While...
How to Reduce Debt Quickly
Are you struggling to keep up on paying your debts? Do you have so many payments that there is nothing left over to put towards your future?
Why You Should Consider Sending Your RMD Straight to Charity
The QCD was first introduced in the Pension Protection Act of 2006. It was repeatedly extended, sometimes retroactively, until it became permanent as part of the Consolidated Appropriations Act of 2016.
Tips for Late-Start Retirement Planning
Last month we suggested a few reasons early retirement planning is important. That’s valuable information for Millennials, but what if you’re a Gen Xer?
Self-Employed Professionals Can Save Big on Taxes
Whether you have been a self-employed professional for years, or you’ve recently become self-employed, the success of your business is in your hands. You need to take advantage of whatever assistance is available, and this includes lowering your tax bill.
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