There’s a lot of information out there about saving for retirement using a 401(k) plan. No matter how involved you are with your finances, it’s easy to experience information overload.
This installment of Amanda’s Feed is designed to help people at all different stages in the 401(k) savings process—from a general introduction to your 401(k), to options for diversifying your plan, the resources below have got you covered!
Becoming a millionaire may seem out of reach, but saving $1 million for retirement doesn’t have to be. This MarketWatch article offers tips for adjusting your financial plan now so you won’t have to sacrifice your dreams for the future. It’s also a good reminder of the power of compound interest.
Not sure if you’re reaping all the benefits of your 401(k) plan, or even sure what a 401(k) is? You’re not alone! This DailyWorth article breaks down the crucial information everyone should have about his or her retirement plan, such as how to set up your plan or how to determine your contribution amount.
According to CNBC.com, 401(k) savers are becoming more interested in investing in companies that share their values. As a result, a recent ruling by the U.S. Labor Department made it easier for socially responsible companies to be included in retirement plans. Whether you’re passionate about protecting the environment, promoting healthy habits or something in between, you can invest in the causes you care about by investing in your retirement.
Stash is a long-term savings tool that helps you build healthy financial habits, even if you aren’t an expert investor. This app empowers you to reach your retirement goals by removing confusing financial jargon. Stash allows you to contribute as little as $5 in investments of your choice and offers guidance when you need it. Download it here.