Posts tagged "Woman’s"

Retiring at 50: Could You Follow This Woman’s Extreme Savings Plan?

Americans may be living longer, but our retirement plans aren’t keeping up. Which means people are living longer with smaller bank accounts. But Marlene Konkoly will retire at age 50. How did she do it? She contributes a whopping 45 percent of the gross annual income she earns as a procurement officer for an automotive finance company to her retirement—all while owning a home and remaining debt-free. Konkoly is actually well ahead of the retirement savings curve compared to many of her fellow Americans. According to the U.S. Department of Labor, fewer than half of Americans even know how much money they would need to retire. And nearly a third of employees who had access to a defined contribution plan such as a 401(k) did not participate in it. “Save at least what your employer matches in your 401(k),” Konkoly said. “It’s like saying no to free money if you don’t.” Konkoly, who lives in Royal Oak, MI, said she started saving at 22—but only because other people said she should. She saved a mere 2 percent at her first job out of college.  “I didn’t think I could afford much. I didn’t have any understanding of savings and how it would affect my future,” she said. $ 17,000 in Debt At 27, she had $ 17,000 in credit card debt—but this became a turning point in her financial history. “I made the decision right then to get myself out of debt,” she said. “I took on extra work where I could. I started to learn how to research purchases before I bought items, and I began budgeting for the first time ever. I successfully eliminated my debt five years later.” Once she was out of credit card debt, Konkoly, who is single and has no children, turned her focus to her golden years. “I started to see people around me who simply could not afford to ever retire,” she said. “I knew I didn’t want to be in that position, so I started applying the same principles which got me out of debt toward saving more for retirement.” How She Got Smart Konkoly decided to get smart: She took graduate classes in personal finance to understand her portfolio and learn about retirement savings. She reads books, researches on the Internet and follows blogs about saving and investing. And she works with a financial adviser she trusts. “Just because I can do it myself doesn’t mean I have to,” Konkoly said. “Having a professional adviser allows me to focus on other parts of my life without the time commitment of constantly researching the market.” Maxing Out Her 401K Konkoly “maxes […]

Read more...

Posted by Massachusetts Legal Resources - May 16, 2013 at 4:46 pm

Categories: Arrests   Tags: , , , , , , ,

tamoxwhere.com metalrockmusicpodcast.com techwebwolf.com mitchellscoffeetime.com 4n10store.com crayphoto.com registeredpuppiess.com leafbosscbd.com salonuniqat.com alphaproject-skiteam.com indimembrane.com escuelamasquemarketing.com chicagocityscusl.com helpweightoff.com shinylive.net fullbodychiro.net haxcommunity.org kursovaya.org theinvincibles.org aspekindonesia.org alphabiocbd.org javabluetooth.org veadotrading.com chrisamentas.com tattooartpedia.com vj0shii.info novels80.net sportinggoodindoor.net vinnysvinylsidinggreensboronc.com viewfrombangladesh.com pipiproductions.com alikhwaneplatre.com sslabs.info expressaktiv.info artistvisual.com cepatmasuk.com urutrain.com villasatmontanavista.org gularavincent.com pantaufilm.com dramabarat.com fotominsk.com kedaibilal.com martaloptiklens.com kamielis.com hariberry.com cateringmarketsquare.com nobleinternationalhotel.com erdemliotokiralama.com persongolf.com arsipskripsi.com jamesmalvern.com cryptomarketbd.com sehriart.com mrofficialonline.com roberthomestaging.com ennzcoupon.com authentik-immo.com distribuidoraconnect.com dreamydrawdesign.com muwilp.com nationalbattleleague.com maverickgrowshop.com sinansplace.com globalstreetfoods.com rollsroc.com conforthogarok.com christmastreedresses.com thetechlives.com borisvolfman.com roninindonesia.com nokritalash.com perfecthomeworkhelp.com orimeili.com elektrikci06.com toolzsource.com wellfedcreatives.com achomeandgarden.com brawnywriter.com petsfoodio.com tropisgarden.com belibibitikanmurah.com khabarbot.com goraah.com baudara.com sengelsted.com campingelrefugio.comwp-admin frankkelsoauthor.com reutovstudio.comwp-admin hunterbelgium.com terrabloggers.com tcirelocations.com parfoiswebshop.com ovofrance.com brooksmagyarorszaghu.com stilkostum.com stephenoney.com whimsypk.com sdnjunrejo1batu.com ibaethiopia.com yashikaresort.com terangindonesia.org mobilhondabogor.com patibannister.com mentaridunia.org irishadam.com davidallanhamilton.com teknik-mesin.com solarahail.com nukeradio.com stpetersmp.org shanala.com brixtonatwood.com itotecobag.com cricketlinesguru.com ioguardoilmare.com eldridgehometeam.com ngoomelarab.com birracapri.com srilankaescapes.com ranchoaromadelmar.com zamzamestates.com laluna-gard.com batunisanprasasti.com pabrikpipa.com suarasragen.com pleinairsocial.com kacafilmyogyakarta.com berasenak.com sampaiakhir.com criticalpointtheatre.com mybounceworld.comwp narinnakliyat.com charlottehornetsclub.com raahitrekkers.com verdantgardenia.com balonjakartaku.com jasabikinjersey.com tokocipta.com medicaltimes.org puertoricolimpio.org ingoodcowellness.com papisolutions.com greekgirlbeauty.com alexanderrarebooks.com watertreefulshear.com demorrosconel20.com boardgamesoftheworld.com bigscreenlab.com foundationsystemsrepair.com surveyinfoz.com juebejue.com tickedit.com rabbikushner.org bossdroid.org lepanierdegermaine.org gospelpage.net paucek.net storiyoh.com cacciamotorworx.com canceltimesharenow.travel cinediscount.com daubandbauble.com davefilms.us egy-greek.com f-1asp.com gazettemailrealestate.com greylogic.uswp-admin heirhunters-association.org.uk hf-emu.com inuyasha.us iqsoft.co.in istitutopertini.net justanotherlovestory.com lemondedeslions.com lowvisionary.com machupicchutours.travel maicoakiba.com naruto-pictures.us net9k.com pondok.app quazar-millenium.net slotonlinepgcasino.com techtv101.com thechronicleindia.com thekantaloupe.com tonyperkinsshow.com tuberadioforum.com vcsdk9.org videoprosys.com whytheyhate.us yeezystatic.org airstrike.co.za drsindi.co.za aeroklub-liberec.cz istob.cz double-aye.com uscreativebooks.com livingcolorut.com eaglepressurewasherservice.com electroauthor.com iowansformiller.com rainycamping.com expectthegreatutah.com what-is-bpm.com bniembarcadero.com coldcutsproductions.com latestcouponportal.com parentingplus.org calvinluo.us hop-cast.com goteammaria.com newproductivity.org 100randomtasks.com firstbaptistchurchchillicothe.com free-itv.com jointcontact.com natural-body.org valleyscene.com centralfloridaconcierge.org couchslobs.com iplaysims.com woollenhulls.com autourdemusil.net bradgrace.com czech100.com jetharrismemorialfund.org abunchofcrock.com americanmugandsteincompany.com quenchsa.com byrunners.com sharkberg.com