Financial Tip of the Day
So last week’s episode of Adam Ruins Everything discussed 401K’s – how they came to be, the pros and cons of them and why they’re so challenging to use. Additionally, while 401Ks are ideally not the best retirement savings vehicles, if we do have plans available through our employers it’s wise to take advantage of them - especially if they match. Plus, we need to save much more than originally predicted in our 401ks.
Sadly, the episode stated once again how about 50% of Americans ages 32-61 have NO retirement savings - and that these individuals will experience a significant drop in their standard of living if they retire with no savings. You can catch the episode on TruTV or here “Adam Ruins the Future”
I know that so many people need support with saving money for their dreams – like retirement – which inspired me to create coaching to help you specifically save for your dreams. If you don’t want to let another year pass without saving enough and you want to head into 2018 with a saving plan designed just for you, schedule a FREE Money Mastery Discovery Session with me. This is for you if you’re ready to take action in saving for your dreams. Contact me here .