Efforts to require automatic workplace retirement savings in Oregon, California, and Illinois were so successful that now the pressure is on Congress to include mandatory coverage and a tax credit in a broad retirement savings proposal for the U.S. Nearly one in four working-age Americans aren’t saving for retirement, and those who are say they aren’t saving enough, according … [Read more...] about Support Builds to Make Every U.S. Worker Save for Retirement
Self-Directed IRA Misconceptions: Fact or Fake
There is often a lot of confusion and misinformation circulating around that muddles the perception of self-directed IRA (SDIRA) custodians and accounts. Unfortunately, this perception can steer investors away from what could be a beneficial wealth-building tool to bolster their retirement strategy. Preferred Trust Company is here to debunk a few of those common … [Read more...] about Self-Directed IRA Misconceptions: Fact or Fake
South Portland, Maine day care faces worker shortage
A shortage of workers has forced a Maine day care center to turn away parents who want to send their children there. “We have the children. We have the space. We don’t have the employees,” Creative Beginnings co-owner Nichole Page said.During the pandemic, the South Portland child care center moved to a larger building to create more classrooms to accept more children.Page said … [Read more...] about South Portland, Maine day care faces worker shortage
Should You Buy An Annuity in Your 20’s?
Conventional wisdom says that the sooner you start saving and planning for retirement, the better. And that totally makes sense. Thanks to compound interest, the earlier you start stashing away money, the easier it will be to build a stronger and more studier nest egg for retirement. And, if you experience a financial setback, you have more time to bounce back. Annuities are … [Read more...] about Should You Buy An Annuity in Your 20’s?
3 Unusual Tactics to Retire Wealthy
Saving enough for retirement can be a struggle. And if your goal isn't just to scrape by but to retire wealthy, you'll need to do much more than invest 10% of your income for your later years. The good news is, there are a few tactics to try out that can maximize your chances of being in great financial shape when you're ready to leave the working world. Check out these three … [Read more...] about 3 Unusual Tactics to Retire Wealthy