40% of Americans won’t have enough money to retire, and that number hits especially hard in marginalized communities.
At TIAA, we believe in the right to retire securely. That’s why, throughout 2024, we will highlight real individuals’ success stories, showcasing diverse paths to financial goals. Swipe through their Blueprints to Believe In for unique perspectives on building a brighter future.
Per my 85-year-old grandmother’s advice, sometimes the “ugly” house in a great area is the best investment in the long run.
Before you exchange rings, exchange legal protection for your long-term financial security.
Apply for that job you’re most passionate about. It may be what allows you to leapfrog to your next goal.
Pay yourself first via investments, emergency funds and retirement. Never spend 100% and carefully consider before co-signing for friends or family.
Start early and save what you can. $100 a month adds up.
If you are OK with your current income but you get a raise, don’t spend that new money on a fancy car or a bigger house. Consider taking half of that raise and adding it to your retirement instead.
Our greatest legacy is our children and putting them in a place to be better off than us is all we can hope for.
Don’t be afraid to ask for help. Take advantage of tools that your employer offers or seek out the advice of a planner.
Regardless of who the individual is to you, make sure to set clear boundaries as it pertains to YOUR finances. It’s okay to want to help, it’s not okay to be a crutch.
You may lose your job or become ill, but having a decent savings account can make all the difference in ensuring you will be able to continue paying your bills.
The path we take can be full of twist and turns. Having a basic understanding of money and your finances can provide opportunities to help secure your future.
If you work for a company that offers benefits, start contributing as soon as possible. Even something as small as $10 per pay period is important. Contributing to your company’s retirement plan is the easiest way to access “free” money since a lot of companies have matching programs.
Establish goals, assess your situation, pay with cash, learn how to keep a budget, visualize the life you want. You do not want to be saddled with debt – it is not a great way to start your life.
We were blessed with twins, Jacob and Baylee. Initially, the cost of fertility treatments was very expensive; it was not covered by insurance. I had to shift my financial priorities.
Do everything you need to do when it comes to health and the security of your children. Do your due diligence when finding employment and pay attention to health benefits.
Learn how to budget, save and invest, and keep track of your spending. Utilize your benefits wisely, have an emergency fund, minimize debt, and seek advice from an expert!