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Viewing posts tagged with: Warning Signs That You Aren’t Saving Enough for Retirement

9 Warning Signs That You Aren’t Saving Enough for Retirement

by Jenny Smedraon January 11, 2023 ~ Leave a Comment

x Warning Signs That You Aren't Saving Enough for Retirement

Although most people hope to retire in their 60s, it is becoming a less realistic goal in today’s economic climate. Increasing inflation rates, the greater cost of living, and heavier financial burdens have made it more difficult to reach these savings goals. According to financial experts, it takes approximately 70% of your annual salary to […]

Filed Under: Retirement
Tagged With: Warning Signs That You Aren't Saving Enough for Retirement

Bees Finance Rules

HERE ARE SOME SIMPLE GUIDELINES THAT WILL HELP YOU BUILD WEALTH:  

PAY OFF HIGH INTEREST DEBT: DON’T CARRY A BALANCE ON YOUR CREDIT CARDS

TAKE WHAT UNCLE SAM GIVES YOU: MAXIMIZE YOUR CONTRIBUTIONS TO TAX ADVANTAGED RETIREMENT ACCOUNTS

DON’T PROCRASTINATE: WEALTH TAKES TIME TO ACCUMULATE, SO DON’T WAIT

SAVE, INVEST AND REINVEST: LET COMPOUNDING WORK FOR YOU. SAVE YOUR MONEY, THEN INVEST AND REINVEST IT

SAVE AND INVEST AT LEAST 5 TO 10%: PUT ASIDE AT LEAST A MINIMUM SO YOU’RE STUCK WHEN YOU’RE AT RETIREMENT AGE

HAVE AN EMERGENCY FUND: IF YOU CAN’T SAVE 6 MONTHS OF EXPENSES, GET AT LEAST $1,000 SAVED UP

OWN: OWNING ASSETS IS GENERALLY TO YOUR ADVANTAGE. GET AS MANY AS YOU REASONABLY CAN

IF YOU ARE MARRIED, BUILD YOUR PARTNERSHIP: HAVING A STRONG MARRIAGE CAN BE AN EXCELLENT ACCELERATOR. WORK ON YOUR MARRIAGE AND CARE FOR YOUR SPOUSE.

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