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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.” If you have no retirement fund, your quality of life could well be affected.

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5 Reasons Why You Should Invest in Gold

Prairie Eco-Thrifter

Well, some investors have turned to gold. That means, the people who invested in gold, still didn’t lose much money when the economy was doing well. Well, when the economy drops, gold prices soar. Experts Report Increase Well Into 2014. Have you looked at your 401K and almost choked because of its decline?

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What Makes a Saver?

Prairie Eco-Thrifter

Those affected by our recent Great Recession have had the benefits of saving reinforced as well. As a well salaried professional, I started spending again – on home remodeling, on college expenses for the kids and on travel. I also saved – maxing out 401K contributions to build up the retirement funds.

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Investment Methods

Prairie Eco-Thrifter

When I retired, I used this method to re-invest the proceeds from my company 401K (that I had rolled into an IRA). It caught me by surprise that the stocks/mutual funds in which I invested while in the 401K could not be transferred in kind to my IRA. Instead, they had to be sold within the 401K and the proceeds reinvested in the IRA.

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Link Love Carnival #4

Prairie Eco-Thrifter

However, due to the high demand for payday loans, payday loan scams are sprouting up as well. Suba tells us why you should not use your 401K. Heartland Frugalista interviewed Annie LeFort about composting 101. I love hearing stories about how others are doing their part to live sustainable. We also compost and we love it.

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Seniors – Keep Your Allocations

Prairie Eco-Thrifter

What YOU need in YOUR asset allocation model may well be very different from their generic recommendations. 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. Take their generic advice at your own risk! I’m keeping my allocations.

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Money and Life in Your Forties

Prairie Eco-Thrifter

Being out of the work force to raise babies put me behind on the retirement savings front, but I caught up through regular 401k contributions, and additional IRA savings and ended up with more than most people do put aside. Parenting well is a process of letting go. Be prepared by setting aside the financial resources you will need.

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