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Creative Ways To Save For Retirement
Most people aren’t saving enough for their retirement. Saving the recommend 15% of your income is a challenge, but it is needed. Luckily, there are ways to boost your savings for retirement so you can put aside more cash for the future. Saving more retirement doesn’t have to be hard. Try some of these creative options to increase your savings without much sacrifice on your part. Increase Your Automatic Contributions Automating your retirement savings is a great way to save enough for your retirement. You can do this by having your 401(k) contributions taken directly from your paycheck pr by setting up an automatic transfer on payday to an IRA. When you make your contributions automatically, you don’t have to force yourself to transfer your money into savings. Boosting your savings can be easy. Add a small increase to how much you save every six months. For example, if you currently save 6% of your income, increase this to 6.3%…
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Why You Might Want To Consider Releasing Equity From Your Home
Releasing equity from your home is a hot topic lately. Owning your own home is one of those watershed moments in your life that tells you that you’re doing OK. When we first move away from our parents, many of us do so on a rental basis. It’s a few years later that we buy our first property – often shortly after we’ve settled down into a long-term relationship or got married. Our homes are our security, and a house we own is a place we’ve decided to stay for the long term and put down roots. If you’ve saved, sweated, and sacrificed for years to pay off the mortgage on your home and own it outright, you’re probably very proud of yourself. You’re also probably feeling less financially stressed than you used to! For many people, mortgage payments are the single largest expense we deal with every month. Once the mortgage is paid and that financial commitment is gone,…
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Congratulations DH!!!
Congratulations DH!! After 32 years my darling husband is officially retired!! Can I get a WOOT WOOT?!?! NOW……. more importantly can he come over?! While most people who retire go on vacation. Take a trip. Go camping. Watch a movie marathon…. but, not our family. Nope…. DH celebrates by getting a pacemaker!! Did you know that a pacemaker is an OUT PATIENT surgery?? I had to look it up and see what a pacemaker even looks like!! It’s smaller than I thought it would be. The battery is good for 7 to 10 years. He can still work the microwave (One of the questions we had to ask! Thank heavens!! I use that puppy all the time! It’s funny, we are faced with a serious event and the first question we have is about a kitchen appliance??) I need to remember to ask if there is a remote control…. you know… in case I need a project done faster.…
