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.” Here are some tips about starting early to save for your retirement years.

401K 261
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.

Insiders

Sign Up for our Newsletter

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

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
article thumbnail

Carnival of Financial Planning – Money Management Edition #231

Prairie Eco-Thrifter

Open a savings account and put away 10 percent as a minimum. Bob presents 401k Hardship Distributions: What you need to know posted at ChristianPF , saying, “Hopefully you don’t know what hardship distributions and hopefully you will never need to know.

Money 133