Everyone knows saving for retirement is a priority, because retirement is important and compound interest is powerful — but are the tax savings for retirement accounts so great that you should use them to save extra cash, too, such as for a hypothetical future home purchase? When I was in my late 20s — unmarried, … Read More about Cash Savings vs. Retirement Savings Accounts: Where to Stash Your Money When You’re Unsure What You’re Saving For
Ladies, how much do you save for retirement? Why do you do it? There was an interesting commenter thread about feeling saving burnout and wanting to splurge a little — do you count retirement savings as something you can cut back on, absent a strong need? We’ve talked about how much to save for retirement, what kind … Read More about Tales from the Wallet: Retirement Savings
2018 Update: We still stand by this money roadmap — you may want to check out our most recent discussion of whether to invest in stocks or index funds. We’ve talked about a ton of different money issues here, but it occurred to me that it might be helpful to do a simple “roadmap” post … Read More about A Money Roadmap: Where to Go Next In Your Personal Finance Journey
2018 Update: Check out our discussion on the FIRE movement (financial independence retire early) for beginners! How much should you be saving for retirement? Are there savings benchmarks by ages? Is saving different for women? These are all questions that come up frequently (and no one really has all the answers) that I thought we … Read More about Tales From the Wallet: How Much to Save For Retirement
2017 update: See our new post about investing money in retirement accounts vs. saving cash. We’ve also made some updates below. Something I’ve been thinking a lot about since I read it is this Mint article on “The Value of Tax-Deferred Savings.” According to the article, “[u]nless you make enough money to max out all of … Read More about Tales from the Wallet: Tax-Savvy Investments
