Tag
Tag: retirement
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Best Retirement Strategies for Your 20s
Posted on June 18, 2019
Categories: Budgeting, Personal Finances, Retirement, Savings
If you’re in your twenties and thinking about retirement, you are light-years away from your peers who wait until it’s too late. You’ll be so glad you started to take serious steps towards your golden years with these straightforward strategies.
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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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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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Generational Financial Habits: Baby Boomers, Gen X, Millennials, and Gen Z.
Posted on August 30, 2016
Categories: Budgeting, Personal Finances, Retirement
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What Your Birth Order Says About Your Money Management
Posted on July 6, 2016
Categories: Personal Finances, Retirement, Savings
Every family knows there’s a difference between the various siblings, but why is that? Many psychologists agree, birth order plays a large role! Each member of your family is generally rooted in one of four personality types which help define their core behaviors and beliefs. Discover how these traits can translate to your money management style at Fairfax State Savings Bank.
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How-To Save $1,000,000 Before You Retire
Posted on May 25, 2016
Categories: Personal Finances, Retirement, Savings
Retirement may seem an eternity away; however, even if it’s a dream 20 years down the road, saving for retirement shouldn’t wait until the goal is in sight. Rule of thumb says you’ll need $1,000,000 in savings to retire comfortably. Our experts at Fairfax State Savings Bank recommend taking the following steps to save with the future in mind: