News — Building Emergency Savings

8 Building Blocks for a Solid Retirement. Building Retirement can be a complex and daunting task.  People with small nest eggs are particularly at risk. Their retirement hopes, modest to begin with, have taken a serious beating in recent years. And no one is predicting a return to happier days anytime soon. When times are tough, however, is exactly when long-term planning and money management skills are most needed. For anyone seeking a structured approach to retirement issues, MyRetirementPaycheck.org is worth a visit. It was developed by the National Endowment for Financial Education (NEFE) in partnership with many leading retirement experts....

Easy Saving Strategies for Building Emergency Funds Some financial experts suggest consumers should be saving 10 percent of their income for unanticipated expenses.     These are essentially financial “emergencies,” such as replacing the engine in your car or repairing damage to your home. However, according to the U.S. Federal Reserve, most Americans save just 2.5 percent of their disposable personal income, which can make preparing for financial emergencies difficult. Fortunately, there are ways to build a solid emergency fund. Consider taking these steps: Get serious about repaying debt. Every dollar that you pay in interest on debt is a dollar...