article thumbnail

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.” At what age did you start saving for retirement and what strategies did you use?

401K 261
article thumbnail

Investment Methods

Prairie Eco-Thrifter

Digging into this formula investment technique (which is similar to dollar cost averaging), led me to the re-discovery of multiple other types of formulas and techniques which are supposed to help us make our money grow. What are some of the methods used for investing? Stock picking formulas. Technical analysis (chartists).

401K 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

Link Love Carnival #4

Prairie Eco-Thrifter

This carnival will just continue to grow and our donations to different causes will continue to grow. If you would like to join us in our fight against cancer, you can make a donation by clicking here. Suba tells us why you should not use your 401K. For the first month in doing this that’s great.

Compost 124
article thumbnail

What Makes a Saver?

Prairie Eco-Thrifter

The things that give us pleasure vary by temperament. As baby grows, we might turn back into fiendish savers – trying to get that retirement fund or college fund built up. But, in college, I spent my summer earnings – on clothes, on a used car and on school activities. Time of life.

Making 124
article thumbnail

The Best Investments For the Over 40s to Start Now

Prairie Eco-Thrifter

Basic Investment Strategies Here are some of the basic investment strategies that people use: Use the growth strategy where you buy stocks in a company that has great potential for growth. And you can invest the income tax return you’ll likely receive, and in the meantime the funds you’ve invested in your RRSP continue to grow.

Taxes 187
article thumbnail

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. Your contributions are made pre-tax, and they and your investment earnings grow tax-deferred. Why should you use a 401(k)?

article thumbnail

Seniors – Keep Your Allocations

Prairie Eco-Thrifter

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. They couldn’t afford to take any risks at all and consequently used a very conservative model, holding all money in treasuries of various sorts or in the bank. Stocks were cheap.

Money 170