Economic Opportunity

First Financial Friday: IRAs

by Nancy Jones on Oct 15, 2018

On September 7, 2018 WREN hosted one of its #FirstFinancialFridays, talking about saving for retirement with Eileen Stevens of Abacus Planning Group.

The discussion answered many common questions about IRAs and 401ks and the best way to ensure that you will be able to live comfortably without working for the rest of your life.

Watch the full video here:

We are LIVE on this #FirstFinancialFriday with Eileen Stevens of Abacus Planning Group to discuss the Individual Retirement Account vs. the Roth IRA! Comment with a 💲emoji if you're watching and ask us any questions you may have! #SCWREN

Posted by Women's Rights and Empowerment Network- WREN on Friday, September 7, 2018

Some of the most important points were these:

The most important takeaway and biggest piece of advice that Eileen gave us, however, was this:

Pay Yourself First.

If you change your mindset to paying yourself a set amount first, then your bills, and then having fun with the rest of the money left over, you remove the stigma from saving. One of the best ways to do this is via direct deposit, which most employers offer: request that a specific amount be transferred directly into your retirement account from your paycheck every month, and you probably won’t even miss it.

Let us know if you found this helpful, if it inspired you to finally set up an IRA, and otherwise follow along with us on Facebook, Twitter, and Instagram.

We’re thankful to Eileen and Abacus Planning Group for talking with us today and for taking the mystery out of saving for retirement!

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