How Arizona State Retirement Works
The Arizona State Retirement System (ASRS) was designed to ensure public and state workers contribute to a retirement savings plan so they can eventually stop working and live comfortably. The ASRS includes several pension plans that state employees qualify for depending on their occupation. Many of these pension plans also include different retirement payout options so workers […]
What Is an Actuary and What Do They Do?
While the actuary occupation isn’t listed as one of the 10 highest-paying jobs in America, they still earn hefty salaries. If you’re interested in mathematics, statistics, and finances, a job as an actuary may pique your interest. Actuaries are in charge of performing complex calculations that help to determine the likelihood of certain outcomes as […]
Can You Deduct Mortgage Interest From Your Taxes?
If you make monthly mortgage payments for your home, it’s important to learn about specific tax benefits you may qualify to receive. Between your down payment, closing costs, monthly mortgage payments, and potential home repairs, owning a home is expensive. Ensuring you’re saving money on taxes in every way possible is helpful. The mortgage interest […]
Should You Retire During a Recession? A Guide to Protecting Your Finances
You can easily identify when the economy is in a recession because you’ll see low interest rates, a volatile stock market, and other unpredictable economic conditions. If you’re planning to retire soon but a recession is in the works, you may think twice about taking the leap. According to Harvard University’s Joint Center for Housing Studies […]
5 Mistakes Retirees Make: How to Prepare and Invest for Retirement
If you’re planning to retire soon, the financial choices you make now can greatly impact your ability to stop working. If you make financial mistakes now, you may be forced to continue working or live on a tight budget when you retire. By reviewing these five common retirement mistakes, you’ll ensure you avoid them so […]
What Is a 401(k) Match?
A 401(k) match is a contribution your employer makes to your 401(k) account to match the contributions you make. If your employer offers a 401(k) retirement plan, they may also offer a 401(k) match. The Bureau of Labor Statistics’s National Compensation Survey found that the average employer 401(k) match is 3.5% of an employee’s salary. Some employers […]