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What Can Go Wrong – Naming a Beneficiary

Prairie Eco-Thrifter

Being the smart person you are, you you sign up for a 401K with company matching and do the right thing by starting to pump as much into it as possible. In 5 years – you’ve married and had a baby, but your 401k still goes to Mom and Dad when you die. Grandchildren inherit but can’t get use of the money.

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Start Saving Early for Retirement: Tips for Young People Just Starting Out

Prairie Eco-Thrifter

.” - “I don’t earn enough to be able to put anything away for retirement.” - “With the rising cost of living, I am having trouble making ends met, let alone putting anything aside for the future.” - “My boss doesn’t have a 401K for me to join.” There may be conditions or a qualifying period for these, so get all the information.

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Carnival of Financial Planning – Money Management Edition #236 – May 11, 2012

Prairie Eco-Thrifter

Welcome to the May 11, 2012 Edition #236 of the Carnival of Financial Planning. ” Jason presents Why We Didn’t Sell Our Car on Craigslist posted at Work Save Live , saying, “Last week I detailed why we considered buying a car through CarMax, and I wanted to do a follow-up on a service of theirs that we actually used.

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What Makes a Saver?

Prairie Eco-Thrifter

A smile or a word from a parent or teacher, seeing someone enjoying their savings, a chance combination of a happy conversation, a sun shiny day and an increased amount in the piggy bank – all may result in one child’s brain being wired towards the pleasure of saving. The things that give us pleasure vary by temperament.

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10 Reasons You’re Broke

Prairie Eco-Thrifter

If you always have more month than cash and never seem to get ahead or even to even, it’s time to look at some reasons you may be broke. Instead of investing your money in education or your 401K, your money goes to clothes, gadgets, big screen TV’s or alcohol. You know you shouldn’t be using credit cards all the time.

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401(k) Calculator: Calculate Your Match & Future Balance

Savings Corner

How to use this 401(k) calculator Based on your current age, income, any current 401(k) balance and current contributions, the calculator will estimate how much you’ll have in your 401(k) by retirement. Why should you use a 401(k)? You may be able to roll a Roth 401(k) into a Roth IRA to avoid RMDs.

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4 Financial Lessons Your Parents Forgot to Teach You

Saving Cents With Sense

You might have to share your house with your roommates but, depending on your location, it may be better than being stuck in a studio apartment on your own. This is especially important if you get a 401K match from your employer, as that’s free money. You avoid a large chunk of deprecation if you purchase used. Car Buying.