January 13th, 2014

Credit Karma Tips & Resolutions 2014

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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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3 Comments

  1. FIRST relevant to this article – you cannot save for retirement if you are SO poorly paid at your job that you cannot even meet your basic needs – shared bare-bones rental, shared phone, old paid-off car, food supplemented with food bank trips, NO cable, NO credit cards, NO luxuries not even anything not purchased at Goodwill/SVDP. Struggle even to buy personal necessities at WalMart. SECOND I got super suspicious when I provided correct personal information on the sign-up page and when the website claimed my info “didn’t match” it suddenly wanted my full SS number. That is a HUGE red flag to me. I have never changed my name and have had the same address for over 25 years.

    Sarahkate at 9:15 am on January 14, 2014
  2. Mike

    Hey Sarahkate, I’m sorry to hear about your trouble registering. If you could email us directly at support@creditkarma.com, we’d be happy to look into this specific problem for you. Thanks!

    Mike at 10:13 am on January 14, 2014

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