DealPass.com Offers Tips on How to Save (More) for Retirement
NORWALK, CONN (ContentDesk) May 23, 2006 -- Living well may be the best revenge, as the axiom goes, but living well for longer is a more useful goal.
Unfortunately, too many Americans these days arent able -- or willing -- to put money away for their retirement. DealPass, an online savings portal, offers visitors a variety of ways to save money in the short term, savings that can be redirected toward any number of options that can help pave the way toward a more comfortable post-career life.According to the Bureau of Economic Analysis (BEA) Gross Domestic Product Report from April 2006, U.S. personal savings, i.e., disposable personal income minus personal expenses, was negative $50.5 billion in the first quarter of 2006.
The personal saving rate was negative 0.5 percent, which means that, as a whole, were spending more than were earning.Given the recent hikes in gas prices and ever-increasing healthcare costs, its easy to see why many household budgets have been stretched very thin.
However, even in difficult economic times, its imperative that you sock some money away for your retirement.
DealPass, which offers grocery coupons, special deals, membership savings programs and more, is a great place to find ways to reduce your monthly expenses.To help send you off into retirement (whenever that day comes) with more than just a watch and a handshake, DealPass offers a few suggestions on building a nest egg:--Start now.
Procrastination is not a viable savings strategy.
Pick an amount or a percentage of your current paycheck that you can afford to divert into an individual retirement account (IRA), a 401(k) or even just a savings account.
It doesnt have to be a large amount (although the bigger, the better holds true); even $25 per paycheck is better than nothing.--Give at the office.
If your company offers a 401(k) plan, ask for details, consult with a financial expert, and sign up if the plan works to your benefit.
If you can make your contributions through an automatic payroll deduction, do so; that way, you wont be tempted to spend the money elsewhere.
Also, many companies match a certain percentage of their employees contributions, which is essentially free savings, but the only way to receive it is to contribute yourself.
(FYI:
The 2006 maximum for 401(k) contributions is $15,000 for people under 50; if youre 50 or older in 2006, you can contribute up to $20,000.)--Open an IRA. IRAs are easy to open, and your options are plentiful.
Whether you choose a traditional IRA, a Roth IRA or both, you can save on taxes even as youre saving for retirement.
Contact your local bank or a financial consultant for more information.--Track your Social Security earnings.
While Social Security was never intended to be the sole source of income for retired workers, it can and does offer a dependable monthly check to retirees and disabled citizens -- and it can and will continue to do so for the foreseeable future.
If youre already contributing to Social Security (and you probably are), you should be receiving a Social Security Statement every year that provides an ongoing summary of your estimated retirement benefits.
Be sure to check your statement so you can forecast your retirement income and calculate how much more you may need to save in order to enjoy your golden years.Ideally, your retirement will be spent in the company of friends and loved ones, comfortably passing the time in a manner of your choosing.
The best way to make that happen is to start planning -- and saving -- immediately, notes DealPass.About DealPass.comDealPass.com is an online portal for Adaptive Marketing LLC's membership programs. Adaptive Marketing LLC is a leading provider of membership discount programs. Headquartered in Norwalk, Conn., Adaptive Marketing is a category leader in both membership and loyalty programs, bringing value direct to consumers through an array of benefits in healthcare, discounts, security, personal property and personals available through DealPass..
A Roth IRA, Is It For You?
Roth IRA's are some of the most sought after investments. But, why? What are they? Why should you invest in them? For many people, the investment world is somewhat of a mystery. We just do not know what it is all about. But, we can easily learn by taking the time to understand all the various aspects of investing. We can start here with learning about Roth IRA and how it can benefit you.First, Roth IRA was named after the man who helped push through legislation for it.
His name was William Roth. He was a United States Senator. He was known as a conservative and helped to pass other tax cuts as well in the 1980's. But, we want to know about his specific contribution to the Roth IRA. The Roth IRA is an individual retirement account.
It is used throughout the United States. This plan is meant to help individuals save money for retirement by giving them tax advantages for doing so. But, there are a number of different retirement accounts. Some of these retirement plans can...
A Roth IRA, Is It For You?
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WHAT IS A TRADITIONAL IRA?
With a traditional Investment Retirement Account (IRA) you pay taxes when you take the money out at retirement in the future. Make sure that this account is really worth opening in your situation because what you put in the account today may be fully deductible, partially deductible or non deductible, depending upon your income and other retirement coverage. If you contributions are not fully deductible then this account is probably not for you. The traditional (and Roth IRAs) allow you to save $3,000.00 in 2004 and $4,000.00 in 2005. If you are over 50 years old you can save an additional $500.00 as catch-up.
You put the maximum amount in if you (or your spouse) are not covered at any time during the tax year by a retirement plan, including a 401(k) account, at work. If you can't afford to save the maximum then just do the best that you can.If you are single or a head-of-household taxpayer with annual adjusted gross income (AGI) between $40,000 and $50,000 and are eligible for...
WHAT IS A TRADITIONAL IRA?
Ira > WHAT IS A TRADITIONAL IRA?
SAFELY FINANCE YOUR CHILD?S UNIVERSITY STUDIES USING AN EDUCATION IRA!
This investment retirement account (IRA) is useful to you as an investor to understand because it may be a good way for you to save for your kid's education AND save on taxes. These plans are now called Coverdell Education Savings Accounts in honor of the late U.S. Sen. Paul Coverdell. Individuals can make annual contributions of up to $2,000 per child into an account that's exclusively for helping to pay higher education costs.
The money contributed to a Coverdell account doesn't count against the $3,000 ($3,500 if 50 and older) annual total individuals may contribute to their combined personal individual IRAs. The earnings and withdrawals from a Coverdell account are tax-free, but you can't deduct the contributions from your income tax because the account is for the benefit of the child, not the contributor. This is great for parents who are good savers and investors who want to make an annual tax-saving contribution that they can invest in the stock market toward the education...
SAFELY FINANCE YOUR CHILD?S UNIVERSITY STUDIES USING AN EDUCATION IRA!
Ira > SAFELY FINANCE YOUR CHILD?S UNIVERSITY STUDIES USING AN EDUCATION IRA!
Asset Exchange Strategies, LLC Announces Key Partnership with Lifestyles Unlimited, INC. for Investing in Real Estate with IRAs
(ContentDesk) December 19, 2005 -- Asset Exchange Strategies, LLC, a leading self-directed IRA advisory firm that enables investors to purchase real estate and other non-traditional assets with an IRA, today announced that it has entered into a key partnership with leading Houston real estate investment and mentor group Lifestyles Unlimited, Inc. (http://www.luinc.com).
As a result of the strategic partnership, Asset Exchange Strategies will be the only company currently providing IRA LLC and other self-directed advisory services to Lifestyles Unlimiteds 4000+ members. With the exceptional tax and retirement benefits that alternative investments enable, especially using an IRA LLC, it is no wonder that their popularity is becoming more mainstream.
Asset Exchange welcomes the opportunity to work with an organization noted as the premier investing club throughout all of Texas, said Daniel Cordoba, Certified Estate Advisor,...
Ira > Asset Exchange Strategies, LLC Announces Key Partnership with Lifestyles Unlimited, INC. for Investing in Real Estate with IRAs
For Entrepreneurs A SIMPLE Plan May Be Best
Q: I own a small decorating business and I'll be the first to admit that I don't know anything about taxes or retirement plans. I'd like to set up a 401(k) or an IRA or some other kind of retirement plan for me and my three employees. What are the various retirement plan options available for a small business owner and in your opinion, which would work best for me?
-- Wanda S.
A: Wanda, I appreciate your confidence in my humble opinion, but asking me for financial advice is like asking Donald Trump for a recommendation on hair care products. I can tell you what works best for me and my business, but you'll need to do your homework and seek professional advice to figure out what would work best for you. As a side note, I hear that Donald Trump is coming out with his own line of hair care product soon to be called "Big Head." The formula is 1% mousse, 1% liquid nails, and 98% hot air.
It should be a big seller among the high brow, comb-over crowd.
Ira > For Entrepreneurs A SIMPLE Plan May Be Best
Boomer Cape Cod Teacher Creates Internet Birthday Card
Sandwich, MA (ContentDesk) May 16, 2006 -- Can pixel advertising be aimed directly at a certain group? Will pixel birthday cards be a new Internet phenomenon? A school teacher from Cape Cod thinks so and has created what she considers to be an Internet birthday card aimed at one of the largest generations, those born between the years 1946 to 1964. She calls her website: www.happybirthdayboomer.com.The idea of pixel advertising was first conceived last August by a British student, Alex Tews...
DealPass.com Offers Tips on How to Save (More) for Retirement Ira socks Boomer Cape Cod Teacher Creates Internet Birthday Card
Ira > Boomer Cape Cod Teacher Creates Internet Birthday Card
The History Of Perfume
This article isn't going to give you some magic formula for the world's best fragrance; I am not even going to talk about the best perfumes on the market today. Perhaps even more interesting is a subject that few would think of, and even fewer know about.In this article I will discuss the origins of perfume and how it came to be the industry that it is today.Egyptians pioneered the use of many things and fragrances are no exception. The Egyptians used perfume mainly for religious purposes, but...
The History Of Perfume DealPass.com Offers Tips on How to Save (More) for Retirement perfume Ira
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Color-- The Pathway To The Soul
Copyright 2006 Mary Desaulniers
You are what you eat, and you are what you think, but do you know that you are also the color that you choose? The fact that colors have psychological significance and that meditating on them can heal old, emotional wounds is the basis of Dr. John Diamond's breakthrough in Meditative therapy?The Diamond Color Meditation. Working with Dr. Max Luscher and the Luscher Color Schematics, Dr. Diamond has produced a meditation that allows us to access the...
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DIGITAL PHOTOS A SWITCH FROM MODERN RENAISSANCE A dramatic artist reveals the development of photo expressionism.
In 1980 Pola completed over 50,000 photographs for art direction research for the famous art director, Danilo Donati. Donati won five academy awards for art direction, costume and set design work. He inspired the young actress to incorporate her art with her talent for drama. As a result, Pola began to study painting, first at Sara Lawrence College in Bronxville, NY and a few years later at Pierce College in Wennetka, CA, but she had not succeeded in fulfilling the challenge to incorporate her...
DealPass.com Offers Tips on How to Save (More) for Retirement DIGITAL PHOTOS A SWITCH FROM MODERN RENAISSANCE A dramatic artist reveals the development of photo expressionism. incorporate
Ira > DIGITAL PHOTOS A SWITCH FROM MODERN RENAISSANCE A dramatic artist reveals the development of photo expressionism.