{"id":14805,"date":"2020-02-22T09:00:32","date_gmt":"2020-02-22T14:00:32","guid":{"rendered":"https:\/\/sourcelive.hr.msu.edu\/?p=14805"},"modified":"2020-02-24T08:20:53","modified_gmt":"2020-02-24T13:20:53","slug":"tips-to-enhance-savings-during-america-saves-week","status":"publish","type":"post","link":"https:\/\/sourcelive.hr.msu.edu\/?p=14805","title":{"rendered":"Tips to Enhance Savings During America Saves Week!"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Today marks the start of America\nSaves Week, taking place February 24-29, 2020. America Saves Week is a nationally\nrecognized time to encourage individuals and families \u201cto save money, reduce\ndebt, and build wealth\u201d (America Saves, 2018). Saving money is much easier said\nthan done, so MSU\u2019s retirement vendors TIAA and Fidelity have provided tips and\ntools to make saving for retirement and (life in general) a bit easier. <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Save just 1% more<\/strong>. If you\u2019re already saving, that\u2019s great! But, did you know that increasing your 401(k) savings by just 1% can cause your savings to grow exponentially? Try the <a href=\"https:\/\/communications.fidelity.com\/wi\/powerofsmallamounts\/#\/start\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (Power of Small Amounts)\">Power of Small Amounts <\/a>tool by Fidelity to see how a small increase can have big effects on your savings. <\/li><li><strong>Utilize a financial goal planner<\/strong>. Reveal your personal financial path in just three steps: <\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">1. Map your income and expenses<a>.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2. Write\ndown each of your goals. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3. Match\neach goal to a time frame. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">4. Find an in-depth financial goal planner from TIAA <a href=\"https:\/\/www.tiaa.org\/public\/pdf\/fiscal_fitness_goal_planner.pdf?tc_mcid=em_asw2020_d1_planner\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (financial goal planner from TIAA)\">here<\/a>.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Try an online webinar<\/strong>. Both Fidelity and TIAA offer a variety of online resources. Fidelity hosts webinars on everything from managing life to saving and investment, to preparing for retirement. Fidelity is offering <a rel=\"noreferrer noopener\" aria-label=\" (live webinars)\" href=\"https:\/\/www.fidelity.com\/learning-center\/events\/overview\" target=\"_blank\">live webinars<\/a> for Fidelity members during America Saves Week; if you\u2019re not a member, you can find previous webcasts available any time on the<a rel=\"noreferrer noopener\" aria-label=\" (Fidelity)\" href=\"https:\/\/communications.fidelity.com\/tem\/WI\/webcast\/hub\/\" target=\"_blank\"> Fidelity<\/a> website. TIAA offers educational articles on saving, tools for goal setting, a retirement calculator, and free live webinars. You don\u2019t need to be a TIAA member to participate in the live webinars, simply select the \u201cGuest Login\u201d option on <a rel=\"noreferrer noopener\" aria-label=\" (their website)\" href=\"https:\/\/shared.tiaa.org\/public\/publictools\/campaign\/login\/webinar?resume=%2Fidp%2FSn09T%2FresumeSAML20%2Fidp%2FSSO.ping&amp;spentity=SAML.on24.com\" target=\"_blank\">their website<\/a> when signing up for a webinar. You can also give them a call at 800-842-2252.<\/li><li><strong>Try to follow the 50\/30\/20 rule<\/strong>. Allow 50% of your income to go towards necessities, 30% towards discretionary items, and 20% towards savings. Click <a rel=\"noreferrer noopener\" aria-label=\" (TIAA)\" href=\"https:\/\/www.tiaa.org\/public\/learn\/personal-finance-101\/how-much-of-my-income-should-i-save-every-month?tc_mcid=em_asw2020_d1_save\" target=\"_blank\">here<\/a> to learn more about monthly savings plans and the 50\/30\/20 rule from TIAA. <\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you\u2019re looking to save for retirement now or start planning for your future, Fidelity and TIAA can help you plan with webinars, online professional help and financial planners. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For general questions about retirement, contact MSU HR at SolutionsCenter@hr.msu.edu or 517-353-4434. For questions about your specific retirement plans, please contact your retirement vendor directly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today marks the start of America Saves Week, taking place February 24-29, 2020. America Saves Week is a nationally recognized time to encourage individuals and families \u201cto save money, reduce debt, and build wealth\u201d (America&hellip; <a class=\"continue\" href=\"https:\/\/sourcelive.hr.msu.edu\/?p=14805\">Continue Reading&#8230;<span> Tips to Enhance Savings During America Saves Week!<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"__cvm_playback_settings":[],"__cvm_video_id":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[6,9],"tags":[334,335,95,192,336,107],"class_list":["post-14805","post","type-post","status-publish","format-standard","hentry","category-fun-resources","category-news-flash","tag-america-saves-week","tag-fidelity","tag-retirement","tag-savings","tag-savings-plan","tag-tiaa"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pb1fcA-3QN","_links":{"self":[{"href":"https:\/\/sourcelive.hr.msu.edu\/index.php?rest_route=\/wp\/v2\/posts\/14805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sourcelive.hr.msu.edu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sourcelive.hr.msu.edu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sourcelive.hr.msu.edu\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/sourcelive.hr.msu.edu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14805"}],"version-history":[{"count":4,"href":"https:\/\/sourcelive.hr.msu.edu\/index.php?rest_route=\/wp\/v2\/posts\/14805\/revisions"}],"predecessor-version":[{"id":14907,"href":"https:\/\/sourcelive.hr.msu.edu\/index.php?rest_route=\/wp\/v2\/posts\/14805\/revisions\/14907"}],"wp:attachment":[{"href":"https:\/\/sourcelive.hr.msu.edu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sourcelive.hr.msu.edu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sourcelive.hr.msu.edu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}