Financial Cafe Blog

Time and Money

Time never matters more than when saving for a long-term goal. Retirement is most people’s longest-term goal. Here’s why time matters.

  • Start Early
  • Lost Time
  • Early is Better
  • Begin Today

See this month’s issue of Let’s Talk Money, these tips may give you a better retirement outlook.

• The Social Security Numbers Game

When will you begin taking monthly Social Security benefits? You qualify for full benefits once you reach full retirement age. That’s age 66 if you were born in 1954, rising to age 67 for those born in 1960 or later. But drawing Social Security early will reduce your benefits, while delaying can increase them.

• Buy or Rent

If you’re young and starting out, home ownership may seem like an impossible dream. However, you can increase your chances by reducing your debt. Answer the following questions to see where you stand.

• College Tax Breaks

A college education isn’t cheap, but there are some taxadvantaged ways to save for this expense. Here are a few:

• Submit FAFSA Earlier Now

The FAFSA is the federal government’s Free Application for Federal Student Aid. Most colleges require the parents of prospective and current students to fill out the form even if they are only applying for school aid and not federal aid.

• Taxes in Retirement

As the tax filing deadline nears, talk naturally turns to the subject of reducing taxes on this year’s return. When investing for retirement, you could look at taxes in a different way: What will your total taxes be over your lifetime? A Roth IRA could help you lower the number to this question’s answer.

• Q&A Let’s Talk Retirement
All this and more in this issue of Let’s Talk Money…

 Click Here >
to read this issue of
“Let’s Talk Money”