Our last SquareOne blog covered retirement savings for individuals with defined contribution retirement plans through their employer – the 401(k) with the Employer Match. However, suppose you are one of the 36% of private industry workers whose employer does not offer a defined contribution plan. In that case, you may be looking for options on […]
In our previous SquareOne blog, we discussed the power of the time value of money. Now that we understand the benefits of compound interest, we want to look at ways to kickstart your retirement savings goals. Approximately 64% of all private industry workers have access to a defined contribution retirement plan, such as a 401(k) […]
So far in our SquareOne Financial Foundations blog, we have discovered the importance of saving for emergencies and the different options to earn better interest rates on emergency savings funds. Before we jump into saving for retirement and paying off debt, let’s take a moment to examine one of the most important lessons you can […]
Our last SquareOne blog discussed the minimum amounts of emergency funds to be saved based on your unique situation. We also established some guidelines for how much cash you should set aside for unexpected life events that can significantly impact your financial well-being. This week, we’ll discuss the types of accounts you can use to […]
In our last SquareOne blog, What’s The Deal With Emergency Funds? we discussed what an emergency fund is and what it is not, but you might be wondering how much cash you should have set aside. If you crack open a personal finance textbook, the most common answer you will see is “three to six months […]
If you spend any amount of time researching personal finance, you probably hear a lot of talk about the importance of an emergency fund. You may have even read the recent article Is Your Safety Net Sufficient? from our partner, Marshall Clay, about the importance of a safety net. According to GoBankingRates, you might be […]