Yes, we work and we pay taxes and Social Security for the retirement. I found the article about the benefits of Social Security, it’s nice to know. Social Security Insurance was established in 1935 as a financial safety net for older Americans. Eight decades later, all Americans pay into the system, with Social Security the …
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Because of the poor economy, students now have more of a burden to help pay for their own college expenses. No one wants to rack up huge student loan debt to pay for it all, but nearly two-thirds of undergraduates take out student loans, and college seniors are graduating with an average loan balance close …
So you didn’t save. Maybe the costs of raising a family left you with nothing to squirrel away for your child’s higher education. Or perhaps you did save, but you’ve been hit hard by the downturn in the economy through the loss of a steady job or a sharp decline in the value of your …
The maximum amount an individual can save in a 401(k) is $16,500 a year, or $22,000 if you’re 50 or older. For 2012, it’s $17,000 or $22,500 if you’re 50 or older. If that’s attainable, go for it. If it sounds like a long shot, consider these smaller moves that can help get you to …
