Pay attention to your retirement savings. As you become older, you lose the benefit of time. You have to significantly increase your contributions to “catch-up”. If you are younger, start now. Make it a habit and you’ll reap the benefits in the long run. Here are personal finance tips we tweeted last month. If you find them helpful, share with your family and friends.
If you’ve become an empty nester this fall, NOW is the time to re-evaluate your spending and retirement savings.
After your kids finish college, shift what you were spending on them to your retirement savings.
Save big ticket purchases for Black Friday – it’ll be here before you know it.
Keep updated with changes to your pension plan – benefits may change with longer life expectancies.
Follow us on Twitter for personal finance tips every Tuesday. References for our personal finance tips are listed below – click on the title to go to the link.
REFERENCES:
Financial planning 101 for empty nesters
Restart Your Retirement Savings
7 Ways You May Be Wasting Money
Rising U.S. Life Spans Spell Likely Pain for Pension Funds