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IRAs: Understanding Retirement Saving Options

By: American Heritage02.22.24 Investing & Retirement
Retirement is the long-awaited reward after a life of hard work—a time to devote to yourself, your loved ones, and your dreams. An individual retirement account can be an essential tool in your retirement savings strategy, helping ensure your finances can support you throughout your golden years.
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Make the Most of Your Money With a High-Yield Savings Account

By: American Heritage12.21.23 Investing & Retirement Savings & Budgeting
It’s no secret that interest rates on everything from auto loans to home loans have risen significantly over the past year. But there’s a bright side to rising rates: Savings accounts have also increased their interest rates, making it easier to grow your savings. Whether you’re stashing cash to boost your emergency fund, buy a new car, or save for a down payment on a house, consider opening a high-yield savings account. It’s an excellent option for anyone looking to stay ahead of inflation and watch their money grow effortlessly.

Retirement or College: Which Savings Goal Comes First?

By: American Heritage06.15.23 Education Investing & Retirement
As every parent knows, juggling is part of the job. When it comes to financial matters, though, knowing which ball to keep airborne is not always clear. Case in point: Should you prioritize saving for retirement or for your child's college education? Financial planning is similar to parenting in that the decisions are complex and not always straightforward. While the best choice for you will depend upon your unique situation and needs, a few general considerations can help you create an informed strategy.
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Investing Safely: Recognizing Ponzi Schemes

By: Holly Benedetto12.08.22 Security Investing & Retirement
If it sounds too good to be true, it probably is. If someone asks you to invest and promises impossible returns on your money, such as guaranteeing that your money will be doubled or tripled with no risk, it’s probably a Ponzi scheme. Knowing how to recognize different types of fraud is a key component to financial literacy. There are many types of investment scams, but one of the most famous is known as the Ponzi scheme.
Blog Dont Wait to Get Your Estate

Don't Wait to Get Your Estate Plan in Order

By: American Heritage10.14.21 Investing & Retirement
When should you start thinking about your estate plan? According to many experts, the answer is as soon as you’re an adult. However, only 1 out of 3 adults has taken care of estate planning essentials like creating a will. If you’re not one of them, it’s time to start thinking about your estate plan.

6 Ways to Make the Most of Your Retirement

By: American Heritage06.04.20 Investing & Retirement
You want to enjoy your retirement. You’ve earned it! So, the last thing you want to do is worry about your finances. If you’re recently retired or soon will be, you want to make sure your money will last, especially during these uncertain times. Here are six keys to saving money and simplifying your finances in retirement.

Roth vs. Traditional: Which IRA is best for me?

By: American Heritage02.18.20 Investing & Retirement
We have all heard it before — start saving now, so you can enjoy retirement on your terms. Unfortunately, if you’re like most 20-somethings, contributing to a retirement account is a task that tends to fall down your ever-growing list of to-dos. From student loans to rent and bills, it’s easy to understand how retirement planning, like selecting a Roth vs. traditional IRA, can be neglected.
Retirement Plan

Build a Better Retirement with IRA Certificates

By: American Heritage01.10.20 Investing & Retirement
If you’re looking for a simple solution that offers both steady earnings and protection for your funds, an IRA certificate could be right for you. While you may not have heard of this type of account, you’re probably familiar with the two accounts it combines: an individual retirement account (IRA) and a certificate (the credit union equivalent of a bank CD). Here’s why an IRA certificate could be a smart approach to your retirement savings.

5 Important Facts You Should Know About Social Security & Retirement

By: American Heritage12.23.19 Investing & Retirement
Whether you’re a few years or a few decades away from retirement, you want to make sure you can live comfortably when you do retire. First enacted in the 1930s, America’s Social Security program protects people against the loss of earnings due to retirement, death, or disability. But Social Security was meant to be a foundational element of planning for retirement, not the only source of income after retirement. Here are five important facts about the program.
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Want a Comfortable Retirement? Start Saving Now.

By: American Heritage10.10.19 Savings & Budgeting Investing & Retirement
It’s easy to put off saving for retirement. Everyday expenses like rent and groceries take precedence over something that’s decades away. And other savings goals like a new car or a down payment on a house are more exciting (and feel more tangible) than retirement. But starting to save for retirement when you’re young will make saving enough money to enjoy a comfortable retirement much easier. Here's why.
Certificate vs. MMA

Certificates vs. Money Market Accounts: What’s Right for You?

By: American Heritage03.21.19 Investing & Retirement
A certificate or money market account (MMA) from your local credit union can be a smart, safe way to grow your money faster – and reach your savings goals sooner. Unlike stocks, both account options are federally insured, and they often pay much higher dividends than typical savings accounts. Certificates and MMAs are both good options, but they have some key difference you should know about when deciding which to choose.

 

 

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