Saratoga Springs, NY – January 8, 2014 – Bill Losey, Retirement Intelligence publisher and Retirement Advisor, recently published a blog explaining several ways to make retirement savings “work harder.” The blog found on his website http://www.BillLosey.com, is titled “8 Simple Ways To Make Your Money Work Harder for Retirement”.
In the blog, Bill discusses how the “little things” matter when saving for retirement. Bill writes, “When planning for retirement, people naturally think about the big things – arranging sufficient income, amassing enough savings, investing so that you don’t outlive your money, managing forms of risk. All of this is essential. Still, there are also little financial adjustments you can make at mid-life that may pay off significantly for you down the road.”
The eight simple things that can be done are:
- Drop some recurring expenses
- Assign Investments to appropriate accounts
- Investigate Fees
- Ditch a zero-interest savings account
- Strategize with credit cards
- See what you are spending
- Spend less on food and clothes
- Reduce your debt
On the importance of investigating fees, Bill writes, “High fund and account fees can eat into your retirement savings effort, and most people never check on them. If your 401(k) plan charges 0.4% in annual fees and you contribute $10,000 or more to it annually over the decades, those tiny fees could shave tens of thousands of dollars off the account balance by your retirement date. Investment fees of 0.5% for index funds and 1% for actively managed funds are probably enough to make you think twice about putting up with anything greater.”
Read what Bill has to say about the other seven tips at http://www.billlosey.com/blog/8-simple-ways-to-make-your-money-work-harder-for-retirement.php
Other recent blogs written by Bill Losey include "3 Retirement Killers", "The Best Ways To Save For Retirement", and “Social Security 2014: 5 Things You Need To Know,” among others.
Bill Losey is a nationally known and respected retirement planning advisor, specializing in 401k rollover advice, self-directed IRA rollovers, 401k direct rollovers, and many other investment and retirement strategies. Bill’s company, Bill Losey Retirement Solutions, LLC, is an independent registered investment advisory firm that caters primarily to couples as well as divorced and widowed women nationwide (age 55+) who demand objective financial and retirement advice; customized, fee-only investment management; attention to detail; and impeccable service.
Each issue of Bill Losey’s award-winning free weekly email newsletter, Retirement Intelligence®, reveals how-to-articles, secrets, investment ideas, a "Joke Of The Week", fitness and diet tips, and promotes upcoming seminar dates to keep subscribers “in-the-know.” Bill and his staff seek to provide informative and entertaining information readers can use to simply and confidently enhance their health, wealth and happiness.
Bill is also a contributing author for MarketWatch Retirement – a section of MarketWatch.com launched by The Wall Street Journal Digital Network. Featuring news, advice and analysis targeted towards people saving for retirement, those who should be, and those already retired, this section brings together the expertise of MarketWatch’s retirement reporters and columnists.
About Bill Losey, CFP®, CSA
America’s Retirement Strategist®
Bill Losey, CFP®, caters to women and couples (age 50-80) who seek to reduce post-retirement risk and generate a predictable, sustainable, increasing stream of retirement income they won’t outlive. As a qualified professional in the areas of retirement strategies, personal finance and investment management, Bill has been seen and heard on hundreds of TV and radio stations such as FOX News, NPR, CBS News, CNBC, Business Week, TIME, AARP, U.S. News & World Report, and Oprah & Friends.
Bill has over 20 years experience in the financial services industry and is a Certified Financial Planner™ practitioner and Certified Retirement Coach. He is the owner of Bill Losey Retirement Solutions, LLC, a fee-based registered investment advisory firm serving a small nationwide clientele. Bill is the author of Retire in a Weekend! The Baby Boomer’s Guide to Making Work Optional and he publishes Retirement Intelligence®, a free, weekly, award-winning newsletter that reaches over 5,000 subscribers worldwide. Formerly, Bill was the “resident retirement expert” on CNBC’s “On the Money” television program.
In his leisure time, Billy, as his friends call him, loves to sing. He is an accomplished vocalist and has performed the National Anthem at Madison Square Garden, the Pepsi Arena, and other sporting venues. Currently Bill is the lead singer of a vocal duo called The New York Lounge Lizards. He has been married for nearly 25 years to his wife Tori. Together they have three sons, two dogs, and one fish.
Learn more at www.BillLosey.com or by calling 518-581-1666.