Vying for a promotion, meeting tight deadlines, navigating office politics and job insecurity. Work stress can arise from these and many other circumstances. And while some bouts may be temporary, others can have more lasting effects. Chronic stress can eventually start taking a toll on an your productivity, health and well-being.
It’s rarely the plan, but it happens — you’re faced with a financial crisis and have to find extra funds fast. The need may arise from many circumstances including a medical emergency, costly home repairs, job loss or escalating credit card debt.
Saving for retirement is very important, but many people feel that they can’t spare the money to participate in a retirement plan or even create a basic savings account. Retirement plan consultants suggest that the first step is to create a budget. Once you figure out where your money is going, you can look for ways to save more.
Track your spending
When planning for retirement, we typically focus on things like asset allocation, 401(k) performance, Social Security and the like. However, there are many nonfinancial aspects to preparing for this exciting phase that can greatly impact your quality of life. Here are some tips and strategies for a happy, healthy and well-rounded retirement.
Credit card debt left unchecked can significantly hamper your efforts toward securing a comfortable retirement. Instead of contributing to your 401(k), you end up forking out precious dollars toward interest payments on revolving credit lines each month. Having an actionable debt pay-down plan can make the difference between a relaxing retirement and feeling the pinch.
It’s rarely the plan, but it happens — you’re faced with a financial crisis and have to find extra funds fast. The need may arise from many circumstances including a medical emergency, costly home repairs, job loss or escalating credit card debt.
Perhaps you’ve lost a job, faced an illness or have been delt a family crisis that emptied out your emergency fund. What are your next steps?
You’re eyeing center-hall colonials in your neighborhood and dreaming about the garden you want to plant in the backyard and all the holiday celebrations you’ll host. You’ve saved toward this goal and think you’re ready to pull the trigger. But the real question is: How much house can I afford?
Or is it?
Social Security’s financial cliff is coming closer into view. Experts project that the fund that pays for government retirement benefits through FICA taxes will be depleted within the next 15 years.
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