When Planning for Retirement, Remove Social Security from Budget

August 17, 2012

Don't Stop Saving Money for RetirementWith all the warnings floating around about changes to social security and Medicare, it’s important to make sure you are taken care of in your advancing years. This means careful budgeting and

saving money for yourself today, because there’s no way now to tell what support you may have in the future. The Equifax Finance Blog explores more about how to protect your future in the article, “

How to Retire If Social Security Is Not Available.”

One way you can help yourself is to take full advantage of any savings perks your employer may offer, like with a 401 (k). Many employers offer programs where you can have money taken directly out of your paycheck and deposited into savings, so you won’t have to worry about the temptation of spending it. Many banks offer similar programs, and you can use this money that you won’t see (and therefore won’t miss) to fund other retirement or emergency fund accounts. You could even use it to save up for a down payment on a Chicago new home!

Another way to protect your future self is to make sure your saved money is working for you instead of just sitting in a savings account or hiding under a mattress.

Investing can yield great returns, but can also be very costly, so it is important to consult a financial advisor before you start. With diversified accounts and a solid strategy, you can safely secure a solid retirement.

Explore the Equifax Finance Blog for more ways to save money and live better through personal finance.

Categories: Economy, Education

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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