Everyone wants to save money, but as we all have learned one way or another, saving is a lot easier said than done.
One of your New Year’s resolutions may have been to save more money for your retirement plan. But the first month of the year may not have gone according to plan. But you still have a little under 11 months to fix any problems you have had earlier. If you want to get back on track (or get on the track in the first place) here are a few tips on how to wisely invest for 2017.
Money Saving Tips
- Take a real look at your investments. It’s time to take things seriously. If you have a financial advisor through which you invest, make an appointment with them to review your retirement plan.
- Adjust your tax withholdings. Part of the investment process is doing the right thing with your money at the right time. If you receive a rather large tax refund every year, you may want to consider adjusting your withholdings on your W-2 form.
- Increase your effort about finding extra money to invest. In order to invest seriously, you need the funds to do so. Try to find extra money any way you can (within the law, of course). One way to find extra funds is to review your insurance premiums and your deductibles.
- Stock market should not make you flinch. Not even the best economists in the world know what the stock market will do tomorrow, so don’t overreact to the stock market. Talk to your financial advisor about any doubts you may have.
Saving for your retirement is important, and your insurance policies are important too! For all of your general insurance needs in California, be sure to contact Stromsoe Insurance Agency. We are more than happy to help you get the coverage you deserve!
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