Facebook Week in Review: 04/13/11

16 05 2011

May 9

Happy Monday Savers! Finding it hard sticking to your budget? Many do the first month trying. Stick with it – your money doesn’t control you, you control it. Step up, it’s go time! Let’s continue the saving!

Did you know? Roth IRAs have no Minimum Distribution requirement. On the flip side, Required Minimum Distributions (RMD) must be made on Traditional IRAs — meaning, you must begin withdrawing money by April 1 of the year following the year that you turn 70½. Just how much has to be withdrawn? Use Kiplinger’s RMD calculator to find out. http://www.kiplinger.com/php/ira/question.htm

May 10

Let’s play the numbers game. We’ve all seen it, co-workers spending money each day on lunch. How much do YOU save each week/month/year by packing your own lunch from home?

Did you know that you can transfer or roll over your traditional IRAs, SIMPLE IRAs or other eligible employer plans into your TSP account?

May 11

What does wealth mean to you? Everyone has their own definition of the word. Some may feel wealth is having paid off their mortgage. Others think wealth occurs by refusing to live paycheck to paycheck. Think about what wealth means to you and set goals to achieve it!

Many workers think they could save more than they are currently saving for retirement. 68% of savers and 48% of nonsavers say they think it is reasonably possible for them to save $25/week (or more) for retirement—Ebri 3/2011 Retirement Confidence Survey.

May 12

It takes under $3 per day to save up $1,000 by the end of the year! Save like a champion today! You can do it!

Watch the ATM fees. They can add up quickly.

May 13

Energy costs can really take a chunk out of your household’s budget. Visit the U.S. Dept. of Energy’s website for tips on how to save money and energy at home. In addition, see their section on rebates and tax credits. There is money to be saved here! What will you do with the savings.

Should we say HAPPY Friday the 13th? Many superstitions follow today – don’t let a black cat cross your path, stay away from ladders. Without further ado, let’s talk “money superstitions” – find a penny on heads, pick it up have good luck all day; an itchy palm means money is coming your way; on Jan. 1 be sure to eat greens and black-eyed peas to ensure prosperity for the coming year. Which ones have you heard?




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