regrets (Photo credit: mayeesherr. (away))
I often have opportunity to speak to young folks who are just starting out with their retirement accounts – this usually happens when we’re looking at ways to reduce taxes, primarily, so we start looking at IRAs and diverting income via 401(k) accounts. One of the things I point out is that this is an activity that you aren’t likely to look back on in 20 years and say “Gee, I sure wish I hadn’t saved all that money!” We may have many things we look back on in our lives and wish we hadn’t done them, but I think you’ll agree that saving is rarely in that category.
So take the encouragement of my fellow blogging brethren and sistren (you betcha sistren’s a word, regardless of WP’s spell-checker!) and put aside at least 1% more of your income into your savings, starting right now. You won’t regret it, I promise.
Below is the list of my fellow bloggers who have written articles showing ways that you can start to increase your savings rate, as well as showing what the benefits can be. Thanks to everyone who has participated so far – and watch for more articles in the weeks to come!
Are You Part of The 1%? by Financial Fiduciaries
What’s the Worst Thing That Could Happen? by Dana Anspach, @moneyover55
Save just one percent more by Doug Nordman, @TheMilitaryGuid
1% a Small Number with Big Implications by Roger Wohlner, @rwohlner
The Journey of $1 Million Dollars Begins with 1% by Richard Feight, @RFeight
Give Yourself A Raise by Ben Rugg, @BRRCPA
The 1 Percent Solution by John Davis, @MentorCapitalMg
Friday Financial Tidbit-What increasing your retirement contributions 1% can do for your retirement account by Jonathan White, @JWFinCoaching
THE 1% MORE BLOGGING PROJECT by Robert Flach, @rdftaxpro
A Simple Strategy to Maximize Open Enrollment by Jacob Kuebler, @Jakekuebler
Take a Small Step: Increase Your Savings by 1% by Jim Blankenship, @BlankenshipFP
