So your parents or your colleagues or maybe just your conscience is on your case to stop spending everything you earn and start saving and investing some of that hard-earned money. But where to begin?? It can seem intimidating to …
Financial To-Do’s for the Decades
In Your 20s Check out benefits that come with jobs. Consider the benefits—401(k), 403(b), pension, health, and other insurance—and not just salary. You may be surprised at how valuable benefits are when you add them up. Get into the habit …
5 Money Mistakes Women Should Avoid
Here are some common mistakes that a lot of women make and that you can learn to avoid: Debt Learn to live below your means. If you don’t have cash to back up your credit card spending, then do not …
Roth Individual Retirement Accounts (IRAs)
An Individual Retirement Account (IRA) is a convenient way for all working people to save for their retirement. You pay taxes on the money you contribute to your Roth IRA, but the money you save grows tax-free, and you do …
10 Ways Women (and Men) Can SAVE Themselves from Retirement Shortfalls
Save More. Most people do not think about financial matters from a long-term perspective so they do not estimate how much money they will need for retirement, or if they do, they vastly underestimate how much they will need. Accept …
The Working Woman’s Retirement Plan Checklist
What women need to know: Have you earned a retirement benefit(s) at any of your jobs? Do you know how much your benefit(s) will be? Do you know what happens to your benefit if you change jobs? Do you know …
Traditional Individual Retirement Accounts (IRAs)
An Individual Retirement Account or IRA provides a convenient way for all working people to save for their retirement. A traditional IRA is a tax-deferred retirement savings account; you pay taxes on the money in your account only when you …
Get Your Ducks in a Row! Adding up your sources of retirement income
WISER’s retirement income worksheet, Get Your Ducks in a Row, will help you to organize each of your sources of retirement income, so there is no guesswork as to how much retirement income you will receive each month. It is …
Spousal IRAs
What is it? A spousal IRA is a type of individual retirement account that allows a working spouse to contribute to a nonworking spouse’s retirement savings. A Spousal IRA creates an exception to the provision that an individual must have …
Retirement Planning Calculators
Preparing for retirement is not just about saving money, it’s also about knowing how much you will need in retirement and creating a plan that will help you get there. In fact, the Employee Benefit Research Institute found that workers …