Tag: IRAs

Posted on by — 2 Comments

Your Child’s Future Just Got a $1,000 Boost: See Which Companies Are Matching Trump Account Funds!

17121704418 96da23412f b

Massive Momentum: Companies Pour Billions into Trump Accounts – Will it Reshape American Savings?

the staff of the Ridgewood blog

Ridgewood NJ, The landscape of American family savings is undergoing a significant shift with the introduction of “Trump accounts,” a new initiative designed to empower children with a financial head start. These IRA-like savings accounts for children are not just gaining traction, but they’re attracting substantial support from a diverse array of companies and philanthropists, pledging billions in matching funds. The big question on everyone’s mind: Will this influx of matching money truly spark a new era of American savings for the next generation?

Continue reading Your Child’s Future Just Got a $1,000 Boost: See Which Companies Are Matching Trump Account Funds!

Posted on by — Leave a comment

SHOCKER : NJ State Senate Proposes Ways to Enhance Retirement Savings

people

state of New Jersey attempts to help people who work for a living , what gives????

the staff of the Ridgewood blog

Trenton NJ,  in an effort to encourage and help more New Jersey workers have secure retirements, the Senate Budget and Appropriations Committee approved legislation that would provide taxpayers a gross income tax exclusion in the amount of contributions made to a qualified retirement plan.

Continue reading SHOCKER : NJ State Senate Proposes Ways to Enhance Retirement Savings

Posted on by — Leave a comment

ALMOST A THIRD OF THOSE WITH SAVINGS HAVE LESS THAN $1,000 FOR RETIREMENT

wimpy

by WARNER TODD HUSTON 22 Apr 2015

Study after study shows that Americans are not saving for retirement like they should, and a new survey finds that nearly one third of people who have some sort of savings plan have amassed less than $1,000 for retirement.

The survey titled “Preparing for Retirement in America,” by Employee Benefit Research Institute (EBRI) and Greenwald and Associates, finds that only 65 percent of workers have any savings for retirement, a number that fell below the 75 percent figure from 2009.

But 28 percent of workers report that they have saved less than $1,000 for retirement, and almost 6 in 10 Americans say that their financial planning needs improvement.

Additionally, 34 percent say they have made no effort at all to saving anything or make a retirement plan. Still, most say that they intend to start saving at some point.

But intentions may not be enough. “Intending one thing and doing another is human, but it’s an impulse we should all fight hard to resist,” Rebekah Barsch, vice president of planning and sales at Northwestern Mutual, said in a press statement. “Intentions only get us so far. And when the stakes are high, it’s taking action that’s critical.”

https://www.breitbart.com/big-government/2015/04/22/almost-a-third-of-savers-have-banked-less-than-1000-for-retirement/