ASW2016 Savings Focus: Save for Retirement

It's officially day 3 of America Saves Week. If saving for retirement isn't among your savings goals, it's about time to start. The earlier savers contribute to their retirement savings accounts, the more they will earn over time from compound interest.

Saving now for retirement will ensure that you have enough money to have a comfortable standard of living when you stop or reduce the amount of hours you work. Participate in a work-related retirement program, open up a Roth IRA. Already saving? Increase the amount you save toward retirement by 1% in 2016. 


Participant Spotlight

  • The U.S. Department of Labor will hold a webinar for small businesses during America Saves Week 2016. In this webcast, the U.S. Department of Labor will provide practical information to help you compare the employer-based options. These retirement savings plans provide an effective way to save for a secure retirement. The U.S. Department of the Treasury will join us to discuss a new savings option – myRA. The Consumer Federation of America will focus on the use of direct deposit as a way to make saving easier.
  • Prudential Retirement has joined the annual America Saves Week campaign, and is encouraging American workers to contribute just one percent more of their annual earnings toward retirement. Read their full press release here, and visit their landing page for individuals here.
  • As a part of America Saves Week, the ABA Foundation will announce the winners of its 2015-2016 Lights, Camera, Save! video contest at 2 p.m. ET today via its YouTube channel. Tune in and learn which students will take home up to $5,000 towards their savings goal.

Organizations like yours are sharing their activities and results with America Saves throughout the week. Find out more on what others have done for America Saves Week at http://americasavesweek.org/what-others-have-done.

Wednesday's Events & Activities

Tweetchats

  • #MoreCents with Air Force Federal Credit Union
    • Date: Wednesday, February 24, 2016
    • Time: 11:00 am Central
    • Hosted by: @AirForceFCU
  • #ItPays2Wait with National Academy of Social Insurance
    • Date: Wednesday, February 24, 2016
    • Time: 10:00 am Pacific, 1:00 pm Eastern
    • Hosted by: @socialinsurance
  • #CreditChat with Experian
    • Date: Wednesday, February 24, 2016
    • Time: 12:00 pm Pacific, 3:00 pm Eastern
    • Hosted by: @Experian_US

Facebook Events 

Go Green and $ave Green — February 22-27, 2016 Air Force FCU is in the midst of a Go Green Initiative and we invite you to share how you save money by going green! The winner will receive a $100 Visa Gift Card. Visit www.facebook/AirForceFCU for more details.

Free Webinars

Saving for that BIG Purchase — Wednesday, February 24 at 12:00 p.m. Eastern
The Pennsylvania Treasury is joining with partners in the public and private sectors to host a free, five-part webinar series to help Pennsylvanians learn more about a variety of financial planning topics during America Saves Week, February 22 - 27. This 60-minute webinar is presented by Derek Nowak, director of pro bono and president-elect for the Financial Planning Association of Central Pennsylvania.

  • To register for the webinar series or learn more, visit PA529.com.

Jumpstart Your Financial Plans With Your Tax Refund - Wednesday, February 24 from 6:30 - 7:30 pm Eastern
Refund season is here. For many Americans the tax refund is the largest influx of cash received during the year. Using these funds to advance your financial goals can help you grow opportunity for yourself and your family. This webinar presents 5 key strategies you can use to employ your tax refund to its maximum benefit.

Take the Pledge

Savers who make a plan are twice as likely to save successfully. 

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Tip of the Day

  • Written by Katie Bryan | November 25, 2013

    Tip to #save when shopping: You can #save more than 10% by comparing prices at different stores.

Saver Tips and Stories View all »

Put 20 Percent Away

Written by Lindsay Ferguson | July 8, 2019

“I am a single mother, and I make ends meet for me and my daughter, but I wanted to put money away for my daughter for a college fund. So I started saving 20 percent of my paycheck every month to put it away in a savings account with a high Annual Percentage Yield (APY). By the time my daughter is 18, I will have saved nearly $90,000.”

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Challenging Herself to Save

Written by Sara Cooper | April 15, 2014

It all started when Marchale Burton overheard Alabama cooperative extension colleague Isaac Chappelle, coordinator of Alabama Saves, explaining how saving just a little bit – even change – is all it takes to become a saver. “I thought about that,” Burton said, “and wanted to see if it would work.” So, she challenged herself to see how much change she could save.

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Story of an Urban Professional

Written by Lindsay Ferguson | June 26, 2019

Elaine was inspired to create a new savings goal and plan with the America Saves Pledge after reading the “The Color of Money” column in The Washington Post by Michelle Singletary.

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