Category
Category: Retirement
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Saving for Retirement: How Much Is Enough?
Posted on January 24, 2019
Categories: Budgeting, Personal Finances, Retirement, Savings
Over the years, we put away money for important events such as a baby, college tuition, a new car or house. Those tangible items make it worth the amount we set aside. However, retirement is a harder concept to grasp, as it is far off into the future. For this reason, we wanted to help shed some light on how much is actually enough when saving for retirement.
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Saving For Retirement in Your 30’s
Posted on January 7, 2019
Categories: Budgeting, Retirement, Savings
Congratulations, after your roaring twenties, you have made it to the thriving thirties. Unfortunately, with another candle added to the cake comes another responsibility. People in their thirties have a very high amount of expenses from a house payment to the cost of little ones, which is why we wanted to offer the following solutions to saving.
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FAQs about IRAs
Posted on November 27, 2018
Categories: Budgeting, General, Retirement, Savings
An IRA is an individual retirement account that is used as a tool for people to earn and earmark funds for retirement savings. Retirement may seem far away, but the earlier you start the save, the better off you’ll be! These accounts can hold more money than any other type of retirement account. You have flexibility when choosing investments and minimizing taxes, which means an IRA can play a huge role in how prepared you are for retirement. With that said, many people don’t fully...
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Retirement Savings Made Easy
Posted on October 18, 2018
Categories: Budgeting, General, Retirement, Savings
When you are in the early stage of your career, there’s usually lots of bills that add up. Things such as rent, student loans or car insurance can truly wipe out your bank account. We want to make sure you avoid excess financial stress, which is why we’re offering four simple strategies on how to start saving early for retirement.
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How Much Money Do You Need to Retire?
Posted on September 18, 2018
Categories: Budgeting, General, Retirement, Savings
Asking yourself how much money you need in order to enjoy a comfortable retirement is difficult. Although it may be a challenge to figure out how much money you’ll need, a true monetary amount is different for everyone. It depends on factors such as where you’ll live, how healthy you are, and what you want to achieve in retirement. For example: travel or try exciting, new adventures. Ultimately, it depends on your lifestyle. But, here are some general guidelines to help you refine...
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Deep Cleaning for Retirement
Posted on June 20, 2018
Categories: Personal Finances, Retirement, Savings
It’s finally time! You’re getting close to taking a new path in life - but do you know where to begin? Retirement is an ideal time to declutter, as you may be downsizing or moving locations. Fairfax State Savings Bank offers a few ways you can deep clean for retirement, so you aren’t left with a mess!
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How to Save $1,000,000 for Retirement
Posted on June 7, 2017
Categories: Personal Finances, Retirement, Savings
Retirement, 401(k), stocks and bonds, the subject matter of saving for the long term isn’t often as appealing as saving for the short term. Perhaps that’s why nearly three-quarters of Americans are underestimating how much they’ll need for retirement. The United States is on the brink, if not already in, a retirement crisis. However, at Fairfax State Savings Bank we believe retirement saving can still be easily accomplished, there are just a few steps to get started:
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How to Save for Retirement at Every Age
Posted on March 15, 2017
Categories: Personal Finances, Retirement, Savings
How much do you need to retire? Will you continue working after age 65? Do you want to travel during your retirement? These are just a handful of questions that are important for retirement preparation. Unlike saving for a home or new vehicle, saving for retirement requires long-term commitment and goal oriented benchmarks. At Fairfax State Savings Bank we want to help you succeed as you save, and offer these milestone marks:
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7 Financial Goals to Make 2017 a Success
Posted on January 4, 2017
Categories: Budgeting, Personal Finances, Retirement, Savings
Fairfax State Savings Bank challenges you to make 2017 the year of financial prosperity. Complete with an emergency fund, sound credit, and a monthly budget, you can conquer any fiscal goal so long as you keep moving towards it. To optimize your money management potential, we recommend these seven goals:
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Generational Financial Habits: Baby Boomers, Gen X, Millennials, and Gen Z.
Posted on August 30, 2016
Categories: Budgeting, Personal Finances, Retirement