13 Reasons You’re Still Not Investing For Retirement…and How to Fix It!

still not investing for retirement

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1 in 3 Americans have $0 saved for retirement. Well that’s a pretty scary stat! Unfortunately, there’s more where that came from! Did you know that 56% of Americans have less than $10,000 in their retirement?? 56%??? Yikes!

It seems like no matter how many financial advisors scream from the rooftops about the importance of investing, there are still plenty of people that are just not saving for their retirement.

13 Reasons You’re Still Not Investing For Retirement…

So what gives?

What is so important that people can’t scrounge up a few bucks a month to put toward their retirement funds?

1) Believe They Don’t Earn Enough to Invest

The median household income is $57,617 per year. After you take out living . . . → Read More: 13 Reasons You’re Still Not Investing For Retirement…and How to Fix It!

When Can You Withdraw From Your 401k? (…and When Should You?)

withdraw from your 401k

You’re smart. You’ve been putting money away into your 401k for years and it’s actually starting to turn into quite the pot of gold! But…then life happened and you could really use some money…and fast. You don’t have much in your savings, and you probably don’t have enough time to earn the money….so it’s leaving your wondering, “When can you withdraw from your 401k?…and should you??”

When Can You Withdraw From Your 401k?

You’ve heard it again and again:

If you withdraw money from your 401k before the age of 59 1/2, you’ll be taxed and penalized.

But is that really true??

Not always.

In fact, there are quite a few circumstances where you can withdraw from your 401k without penalty (but of course, you’ll still have to pay the income tax). Take a look at all the scenarios below where the government actually can’t penalize you . . . → Read More: When Can You Withdraw From Your 401k? (…and When Should You?)

Life And My Finances Gift Card Giveaway!!!

gift card giveaway lifeandmyfinances.com

Hi LifeAndMyFinances readers!

This blog often helps you by:

simplifying complex personal finance situations offering free tools to get you out of debt and win with your finances providing free help for those of you that reach out to me by email

All that stuff is great…but you know what else is helpful??

Money!!

Hahaha. As a way of saying thanks to all you readers, I figured it’d be nice to give away a few gift cards. I’m sure you don’t mind, right?

So here’s what we’re giving away this month: $50 Visa gift card (1 of these) $25 Amazon gift card (2 of these) $25 Wal-Mart gift card (2 of these)

That’s a total of $150 given away this month! Nice!! So, you’ve got 5 chances to win and the rules of entry are super simple!

How to Enter the Giveaway for Your Chance to Win!

Here are . . . → Read More: Life And My Finances Gift Card Giveaway!!!

Investing After 50: How and Why to Start

investing after 50

When you think about retirement, you may think of living it up on a nice beach, volunteering when you want to, sleeping in, and just relaxing. However, would you believe that 45% of Americans, and 40% of baby boomers have $0 saved for retirement? If you are investing after 50, it may seem hopeless to retire well, but all is not lost. Let’s learn how you can still prepare for retirement, even your later years.

Investing After 50: How and Why to Start

This post has been written by our talented staff writer, Kimberly Studdard. It may contain affiliate links.

Sure, you’re over 50, but you can still build up a nice chunk of change in retirement! Check it out!

1) Know Where You’re At

When you are investing after 50, the most important numbers to know are:

how much you currently have saved, and how much you will need . . . → Read More: Investing After 50: How and Why to Start

What’s the Difference Between a Bear Market and a Stock Market Correction?

stock market correction

When it comes to stocks, investors tend to want to see one thing: the price of their shares going up and up. Unfortunately, continuous upwards growth isn’t always possible, and sometimes the market takes a dip.

In some cases, that dip will cause a fair amount of panic among investors. But those who are in it for the long turn should know that a drop in the market isn’t always a reason to panic. In fact, the occasional fall isn’t just typical, it’s to be expected.

Related: What Happens if the Stock Market Crashes? Is Your Money Safe?

Difference Between a Bear Market and a Stock Market Correction?

Whether you are working with a professional advisor or not, part of smart financial planning involves being able to recognize the differences between a natural correction in the stock market and an actual bear market. Here’s what you need to know.

. . . → Read More: What’s the Difference Between a Bear Market and a Stock Market Correction?

How to Make Money Blogging Immediately

keep your small business finances in check

Here’s what I see new bloggers do all the time:

They buy a domain name, spend a month setting it up so it looks just right, then spend another month or two adding content, and then they figure it’s time to start earning money, so they put up Google Ads and earn $0.05 that month.

…not very exciting…

And quite honestly, it really kills people’s motivation that want to make it big in the blogging world!

If you’ve thought about starting a blog and are curious how to make money blogging immediately, I wrote this article exactly for you, my friend! 🙂

How to Make Money Blogging Immediately

“How I Made $129,834 Blogging Last Month!”

“Earn $10,000 a Month Blogging from Home!”

For some of you, these titles are motivational and you read every one of these posts that you can get your hands on. . . . → Read More: How to Make Money Blogging Immediately

7 Ways to Save Money in the Garage

save money in the garage

Whether you’ve got a bad case of cabin fever or are in the mood for spring cleaning, getting out into the garage can be a bright spot in your day. Whether you use this man cave to build things, tune up the car, get some exercise, or just get away from it all, you can make your garage a great place to hang without spending a fortune. (And, you can actually save money in the garage, too!!)

7 Ways to Save Money in the Garage

This post is written by our fabulous staff writer, Jamie Jeffers!!

Save money on getting the garage in shape so you can spend it on the things you really want! (Like that classic car you’ve had your eye on for years.) Here are 7 ways to save money in the garage.

1) Insulation

Your garage may or may not be heated, but it can . . . → Read More: 7 Ways to Save Money in the Garage

5 Cost-Effective Tips For Starting an Ecommerce Store

starting an ecommerce store

Starting an ecommerce store is no easy feat, and it certainly takes dedication and thorough preparation. But that doesn’t mean it can’t be done efficiently.

5 Cost-Effective Tips For Starting an Ecommerce Store

With the right tools and tips, you can set up your ecommerce store in less than hour. And unlike businesses with brick and mortar locations, you don’t have to spend an arm and a leg to do it. Here are our tips for setting up a cost-effective ecommerce store without breaking the bank.

Choose The Right Platform

The platform you choose for your ecommerce store can stifle or ignite your growth. If money is a major concern factor, it’s important to choose a budget-conscious platform. And there are plenty to choose from:

Shopify, WooCommerce, Volusion, BigCommerce, Squarespace, and Magento

Each come with their own set of perks, but when it comes to lean budgets, you have to . . . → Read More: 5 Cost-Effective Tips For Starting an Ecommerce Store

Is It Better to Be an Employee or Entrepreneur?

employee or entrepreneur

The percentage of freelancers and entrepreneurs in the workforce in 2016 was 34%. That number is expected to increase to at least half the workforce in a decade with 50% of millennials already active in the “gig economy”. But that begs a question of “Is it better to be an employee or entrepreneur?”.

Is It Better to Be an Employee or Entrepreneur?

This post has been written by our talented staff writer, Kimberly Studdard!

If you’ve been wondering whether it’s better to be an employee or entrepreneur, here are the pros and cons to both, and which one may be the better option for you.

Work the 9-to-5

What’s so wrong with having a 9-to-5 job (which typically means 8-6…) anyways? Being an employee has its benefits and it even offers benefits that you wouldn’t receive as a full-time entrepreneur. For example, working a 9-to-5 offers you the ability . . . → Read More: Is It Better to Be an Employee or Entrepreneur?

7 Ways to Settle Tax Debt

settle tax debt

We’re in the thick of tax season, and if you’re currently in debt with the IRS, or if you know that you won’t be able to pay what you owe this April, it’s time to consider your settlement options. There are multiple strategies to settle tax debt, but not all of these strategies are created equal—and not all will suit your needs. Learn which route might be the best-suited to your current financial situation and take steps towards a debt-free financial standing.

7 Ways to Settle Tax Debt

I get it. You’re freaked out because you can’t pay your taxes. To be honest with you, yes, this is a big deal. The good news is, you’ve got options. Let’s walk through them and see what’s best for you.

1) Installment Agreement

If you’re unable to pay off your tax debt in full, the IRS government may agree to an Installment . . . → Read More: 7 Ways to Settle Tax Debt