January 13th, 2014

Credit Karma Tips & Resolutions 2014

To celebrate the new year, we asked the Credit Karma team to share any resolutions they were making or tips they had to get one’s finances into shape in 2014. We got a lot of great responses and decided to share them in a week-long series on Facebook. Now we’re sharing them with you, along with our thoughts!

Credit Karma Tips & Resolutions 2014 | Credit Karma Blog

 

Isaac’s resolution is a great one—and definitely one that more people need to make. Did you know that fully one third of Americans admit to having not saved anything at all for retirement? This is shockingly sad, but relatively easy to remedy.

First off, if you think you don’t have enough money to save for retirement, try making these four tweaks, which could save you $50,000. $50k is a great start to a retirement account!

Then, begin to research retirement accounts (as Isaac wants to do), and figure out which plan(s) are best for your current situation. Our friends have SaveUp have written extensively about the topic, but one of our favorite posts breaks down which accounts may be best for you, based on your current age.

Bottom Line: Saving enough for retirement may be a daunting task, but it’s one of the most rewarding financial moves you can ever make. Start early, get into the habit of saving, and remember… any amount helps!

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September 13th, 2013

Link Roundup: Several Good Reasons to Not Contribute to Your 401(k)

Several Good Reasons to Not Contribute to Your 401(k) th

Several Good Reasons to Not Contribute to Your 401(k) "A very common piece of advice that’s given about retirement is that of maxing out a 401K plan at work. More than a few people, including professional financial advisors, will tell you that this is a way to make sure that your retirement is truly golden. While we’re not saying that, for most people, this is an sage advice, it’s not for everyone. The fact is, there is no single universal rule for retirement planning and indeed, everyone has a set of unique circumstances, goals or needs determining what their correct course of action should be. In some cases, putting all of your money into your 401(k) might not be the best idea. In fact, we’ve put together several reasons to not contribute. Enjoy." So Over This

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September 19th, 2012

How I Started A 401(k)

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When I got in to work at 8AM, there was a note on my computer: “See me. –Tom.” My first thought was: what did I do wrong now? Tom was the Editor-At-Large for Institutional Investor News, where I was working as a reporter. Editor-At-Large meant that he’d been with the company since the early 1970s and had achieved the status of elder statesman, guiding light, etc., etc. But at the same time, he didn’t really even really work there anymore. He just kept coming in every day and doing the same thing he’d been doing at the company for 30 years—terrorizing reporters.

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January 12th, 2012

4 Things You Don’t Want to Hear From Your Financial Advisor

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With today’s financial challenges, more and more people who are approaching retirement age are getting news from their financial advisor that they don’t want to hear. Earmuffs alert! As a financial advisor, some of my hardest meetings with clients or prospective clients are those where I have to “speak the truth” to them. It’s never fun, but I realize it’s a necessity if they ever want to retire successfully.

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May 25th, 2011

4 Ways to Save $50K for Retirement Now

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For most of us, retirement is a long way off (although not as far off as it used to be). Therefore, saving money for retirement may seem like an abstract topic. Many questions arise when contemplating the subject: How much do I need to retire? How soon do I need to start saving for retirement? And the list goes on.

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April 4th, 2011

Monday Roundup: Personal Finance & Credit News

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Retirees are struggling these days, even the ones who’ve been saving for retirement all their lives. Low interest rates have them in a bind, and threaten the earning potential of the rest of us looking towards retirement.

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September 14th, 2010

Meflation: What’s Next For The U.S. Economy?

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Which is the greater evil: inflation or deflation? Well, that depends who you are.

Which one should we expect to see? Depends how it goes.

The economy is full of vague answers and inaccurate predictions... and the new buzzword is "meflation".

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September 7th, 2010

Is It Okay To Crack Open Your 401(k) Nest Egg?

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When stormy economic conditions are present—like nowadays—more and more people are doing the financial equivalent by cracking open their 401(k) nest eggs, and even more people are wondering whether that’s okay. The short answer is… NO!

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April 9th, 2010

Saving For Retirement? Shave $1,000 Off Taxes With The Saver’s Credit

If you’ve been socking away retirement money, you could be eligible for the Retirement Savings Contributions Credit, aka the Saver’s Credit. This often-overlooked credit rewards you for having the good financial sense to build your nest egg early by shaving off as much as $1,000 on your tax bill, $2,000 if filing jointly. It’s simple: […]

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February 1st, 2010

Review: Retirement Rewards Credit Cards

The next wave of rewards card programs is flooding the market, offering what’s termed “retirement rewards”. These rewards offer consumers the opportunity to turn points into cash to be invested in their retirement fund. The more familiar, traditional rewards programs of airline miles and cashback offers will have to move over for the innovative programs […]

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