article thumbnail

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

Prairie Eco-Thrifter

With the population aging, there simply won’t be enough people working and paying taxes to fund any government support of retirees. Why are so many people not saving for their own retirement? There are numerous scenarios that show the exponential growth of small amounts of savings over the working life of an individual.

401K 261
article thumbnail

The Best Investments For the Over 40s to Start Now

Prairie Eco-Thrifter

One of the best ways to invest for your retirement is taking advantage of the tax incentives of retirement accounts. For USA Investors An employer-matched 401k allows you to contribute up to $22,000 if you’re over 50; whatever amounts your employer adds to this is basically free money. I would love to hear what they are.

Taxes 187
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why We Left Traditional Health Insurance

Family Balance Sheet

In October 2003, I left a career as a department store buyer with a nice paycheck, paid vacation days, 401k match, profit sharing, and health benefits, to pursue a life of self employment with my husband where all of those things are up to us. We did take advantage of one benefit of a high deductible health plan: a Health Savings Account.

article thumbnail

Carnival of Financial Planning – Money Management Edition #231

Prairie Eco-Thrifter

PFP presents Investment Asset Tax Location posted at Pasadena Financial Planner , saying, ” As you move your cash, bond, and stock financial assets into lower cost, more broadly diversified investment mutual funds and/or ETFs, you should also consider how to “locate” your investment asset allocation with respect to more optimal taxation.

Money 133