RetirementSavvy

Posts Tagged: savings

According to a 2016 study by NerdWallet, households with credit card debt are working themselves out of an average $16,061 hole. With respect to ridding one’s self of the debt chains and getting out of that hole, one school of thought is that credit cards with higher interest rates should be paid off first while the other… Read Article →

In order to achieve success in any endeavor, whether it is mastering an instrument or managing money, certain philosophies or beliefs must be developed and turned into actions. What follows are some of the philosophies which I have adopted and have served me well. Do Not Loan Money At first glance, that statement might strike you as… Read Article →

Last week I moved my son (Aaron) into his own space. Although being active in The Junior Reserve Officers’ Training Corps (JROTC) throughout middle and high school, he entered the workforce instead of the armed forces after graduation. He is twenty years old; witty, charismatic and technically gifted. He has a great job working in a… Read Article →

Each generation gets a little smarter than the last. As to millennials (those currently age 18-35), they understand the importance of saving for retirement at a younger age than their parents or grandparents. The problem is that millennials have greater hurdles than any recent generation. The first problem is student debt. Unlike earlier generations that… Read Article →

The following is a guest post from Rhett Ahlander, a finance writer reporter for Fusion 360, an SEO and content marketing agency. Information provided by Sanctuary Wealth Management. Making Money and Investing Wisely When it comes to making money and investing wisely, any financial advisor in Idaho and elsewhere would say that it takes a few key… Read Article →

As with mental, spiritual fitness, and physical fitness, achieving fiscal fitness pays tremendous dividends and is necessary for total well-being. The essential elements of building a solid financial foundation and reaching your desired level of fitness? Maintain a spending plan, minimize debt, establish an emergency fund, and contribute to retirement plans. Follow a Spending Plan and Limit Debt Maintaining a… Read Article →

When it comes to calculating interest, the two basic choices are simple and compound. Simple Interest is calculated one time solely as a percentage of the principal sum. As an example, if the principle is $100, and the interest rate is 4%, the value at the end of the interest period (e.g. monthly, quarterly, semi-annually, annually) would be $104… Read Article →

The following is a guest post from Rich Conley, Executive Vice President and Head of Sales of Sawtooth Solutions, a company that provides wealth management services and technology platforms that help advisors manage their clients’ total relationships. Could cash stuffed into a Mason jar and buried in the back yard be the best investment hedge against the… Read Article →

The many differences between men and women are evident even when it comes to retirement. Women, with longer life expectancies and lower average salaries, are much more concerned than men about whether they will be able to save enough money to have the kind of retirement they want, studies show. But those concerns are not necessarily… Read Article →

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