America Saves Blog
Tips, advice, and the latest news from the savings world.
It’s the last day of America Saves Week, and while we're sorry to see it go, we're so grateful for all the participation from our partners and friends in personal finance, and savers like you!
Debts that accrue interest over time can deal a major blow to your savings. But with planning, discipline, patience, and maybe some outside help, almost anyone can reduce their debts and start to accumulate wealth.
Tax season is upon us and while we often dread the paper pushing and number crunching, let’s not forget the excitement that comes with getting back some of your own hard-earned money in the form of a tax refund.
If you were asked to visualize retirement, what would you see? You may see yourself living on a beachfront property, cruising around in your dream car or even turning your favorite hobby into a business. Regardless of what retirement looks like to you, it’s safe to say we all want to enjoy it.
Your pension plan may give you the option of taking your full pension in a lump sum when you retire. When you choose a lump-sum payout instead of a monthly pension payment, you replace a lifetime monthly payment for a one-time payout. A lump-sum payout can give you the flexibility of choosing where to invest or save your money, and when and how much money to withdraw. However, it also shifts responsibility from your employer to you for making your money last and protecting it from a variety of risks ranging from inflation to fraud.