![]() ![]() You may be embarking on your peak earning years and may also have changed jobs more than once - or you may be returning after time away from the workforce. Consider establishing non-retirement brokerage accounts so you can take advantage of other investment opportunities to help build your overall net worth.Make smart decisions with any cash flow surpluses resulting from changes in your financial responsibilities or unexpected windfalls like a tax refund, pay increase, or bonus. Consider opening a 529 savings plan for your children's future education expenses - but not at the cost of your own retirement savings.Establish automatic contributions to your savings and retirement accounts from each paycheck so you’re committed to paying yourself first.Try to add an additional $50-$100 to your principal payment if you can. ![]() Be more aggressive with your debt payments, especially on student loans and credit cards to create more fiscal momentum. ![]() Note: If you're starting a family and considering taking time away from the workforce, a Spousal IRA can help you stay on track, or consider increasing your retirement contributions prior to leave. Using both can help maximize your retirement savings.
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