Thanks to social media keeping track of our past activities, I was recently reminded that this summer marks the 5th anniversary of getting my bachelor's degree. I would love to tell you that all of my student loans are paid off, but I'm not quite there yet. Instead, I will share the 5 things that I have learned about student loans since graduating.
An employer plan like a 401k or 403b is the most common way to save for retirement. But what if you aren't offered a retirement plan through your work?
Planning for retirement is one of those things that we tend to leave for an older version of ourselves... but the effects of starting young can have an amazing result for producing extra digits in your retirement account! So, regardless of age, getting clued in on how you should be saving for retirement is important, and you can learn more in this free course.
The most common way to save for retirement is through an employer sponsored plan, like a 401k or a 403b. For many, this is their sole source of retirement savings.
But what happens if you don’t have access to a 401k or 403b?
According to 2018 research by Congressional Research Service, only 64% of workers in the U.S have access to a Defined Contribution Plan (401k, 403b or 457b) and of that, only 47% are participating.
Does this mean the majority of Americans are not saving anything for retirement?
These three financial components are crucial to starting your business and taking advantage of perks like self-employed retirement accounts.
Thanks to the internet, it is now easier than ever to start your own business. A few google searches will tell you everything you need to know to get your business up and running. There are an abundance of free, online courses to guide you through specific topics, and social media has created an affordable place to market your business to your target audience. We often hear about the perks of being self-employed, “Oh, the freedom, the creativity, setting your own hours, pursuing your dream!” Yes, those are all great things, but what about the less glamorous aspects of running a business?