April is Financial Literacy Month, so it's a good reminder to
review how much you know about managing your money. Chances are you
might be making some mistakes. For example, a recent T.Rowe Price
"Parents, Kids and Money Survey" found that more than half of the
parents surveyed mistakenly think it's more important to save for
their kids' college rather than their own retirement. Why is that a
mistake? You won't get any grants, scholarships or federally
guaranteed loans to support you in your old age, nor will you have
the income or time to catch up once you retire. And by forgoing
tax-favored retirement accounts, such as a 401(k), you not only
miss out on any employer match but also lose the tax benefit and
opportunity for long-term growth that these accounts offer.
Are You Saving Enough for Retirement?
quiz to make sure you're on track to building a nest egg that's
large enough to cover your expenses when you're no longer working.
Then read on for advice on saving for retirement from some of our
favorite personal finance bloggers.
5 Easy Investment Strategies That Build Wealth
"Whether you're thinking of investing your tax refund or pushing
your 401k or IRA to grow bigger, here are five ways to get more
from your money immediately."
Financing Your Bucket List
[Get Rich Slowly]
"The biggest mistake people make when thinking about retirement
planning is treating it as a finish line instead of a starting
point. There are four cornerstones that help you plan ahead so you
can spend time on your own bucket list, and enjoy what's
Top 6 Mistakes That Will Screw Up Your
Are You Forgetting to Include This Key Factor in
Your Retirement Plan?
"Here's how you can protect your nest egg from the destructive
power of inflation, both before and after you retire."