Savings Corner
DECEMBER 27, 2023
For example, many employers match 50% of your contributions, up to 6% of your salary. If your employer offers up this free money, a good rule of thumb is to do everything you can to contribute enough to take advantage of it. Tax-advantaged: Tax benefits offered by a retirement account.
Prairie Eco-Thrifter
JUNE 11, 2012
Each one comes with advantages and disadvantages; the trick is to limit the disadvantages to achieve the best result. Another advantage with bonds is that you can get started with a relatively small amount of money. One of the best ways to invest for your retirement is taking advantage of the tax incentives of retirement accounts.
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Prairie Eco-Thrifter
JANUARY 12, 2014
Examples of financial advisor suggestions that would have steered my family wrong: An estate trustee at a bank recommended selling off Chevron stock that my Aunt owned “because it is too risky”. Vanguard’s Personal Financial Planner thought I should change invest all my retirement money in bonds when I moved it from my 401K to an IRA.
Prairie Eco-Thrifter
OCTOBER 15, 2011
Stock Market Basics: How Does 401k work Understanding 401k is a must to help you save money for retirement purposes plus it also helps you save taxes and get more cash in your hands. Here is a real life example. Sometimes it works to its advantage to give products or services away.
The Frugal Girl
NOVEMBER 20, 2023
We never would have been able to afford it in normal times, but we had spent many years making frugal choices that put us in a position where we could take advantage of the opportunity. We also have many small examples just through letting people know that we are open to accepting used items (definitely not the norm in our affluent suburb).
Family Balance Sheet
MARCH 15, 2017
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. For example, at that time, maternity was not included in any individual plan.
Prairie Eco-Thrifter
APRIL 6, 2012
Darwin presents Pairs Trade: Real Examples and Profit Potential posted at Darwin’s Money , saying, “Here’s a way to invest and profit with zero dollars out of pocket! For most people, contributions to traditional tax-advantaged plans will probably provide a higher net present value over their lifetimes.”
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