How to Save for Retirement on a Low Income

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Taking each of these steps is certainly important as you begin saving for retirement. Though you also need to avoid making excuses when it comes to other ways of saving for retirement. Avoid excuses that will keep you from living the dream in your Golden Years. Read the below article to become a better saver!
http://blog.sprinklebit.com/4-lame-excuses-that-will-kill-your-retirement-savings/

Cassie of AZ 12:58PM November 23, 2012

Very nice, I think I'll put what I had left over from the $11,800 dollars from last year, the $10,000 dollars that I earned the year before that, and the $8,000 that I expect to earn this year towards some sort of retirement fund. You've made me so happy with your advice. I'll be able to live in my car in style when I hit retirement age! Heck, I might even have enough left over to launder my clothes once every six months!

One of the poor of America. of NM 1:31AM July 20, 2012

very useful and helpful, I will start on my refund to save.

alled of NJ 6:54PM June 29, 2012

I started drawing my Social Security early before I turned 65. I was still working at the time, and had talked to several people that told me I would not regret drawing it early. Well in a way I have regreted it, because I think of how much more I could be drawing now that I am 72. I got penalized what I thought was a lot back then. I live strictly on my SS now. Actually you could say that I started drawing what they call SSIS because I was only working parttime at the time. The extra money helped but still not enough after my husband passed away. I have been put on disability by my doctor now. Have bad back and legs which prevent me from standing or sitting for a long time. People have told me to apply for SS disability but did not know if I can since I am already on SSIS. Am I right or wrong? Would appreciate your input on this..is it possible for a person to do that?

Elizabeth Stout of TX 2:34PM January 24, 2012

I have been a Victim of Fraud since 2001. I had to hire a lawyer for 15 months to protect my good name against any wrong doing. And signed up with credit repair companys to rebuild my struggleing credit history. Now after so many years my credit is now aqt 642 from being 486 due to hackers and fraud people. I even signed up with Life Lock and I am also registered with the 3 credit buraeus too. My retirement that nI worked on having for my future is now gone due to the fact of being a Victim of Fraud. I am now on SS disability because of a serious accident I had during my 26 nyrs in Engineering Contracting. So now I come to you for help regarding what you can do for me and my retirement funding. Please contact me. Glenn Sandberg PS: If you need my phone number please let me know. Glenn Sandberg

Glenn Sandberg of IL 11:50AM December 24, 2011

Can you count S.S. toward this tax break that they take out supposely for us when we retire....which is already almost bankrupt. I bet not, yet it is suppose to be a retirement account, isn't it.

Nancy of GA 11:12AM December 24, 2011

well this is wonderful for the working low income families... but id like to see an article that can help / aide those of us that were business owners that lost everything to medical and funeral expensese of loved ones ... which btw put the person(s) , such as myself into the hole BIG time ... not complaining about my loved one , as id do it all over again ... but what im saying , now i have nothing , but happy memories , which are wonderful btw ... but living costs... how can ppl such as myself save with such high costs and such low SS and disability ? im a retired disabled senior .. im a widow .. i support myself , and so far make ends meet , but do without a lot of "things" including medications and enjoyable items ... im happy for what i did have .. we had ... but its all gone now .. and now i am vending for myself , solo ... any suggestions to ppl such as myself ? help, plz ..thank you ...

Terri of NC 12:00AM December 24, 2011

Will people on social security disability, and retirement be eligable for this extra money from the government?

Deborah Pollard of CA 10:06PM December 23, 2011

I am retired military small home business (sole proprietor). I have an existing Roth IRA. Can this tax apply to me?

James Ackley of FL 11:21AM December 23, 2011

With regard to the Savers Credit:
In order to get the full credit ($1000), your AGI must be less than $17K (single) for the year. If you earn even $1 more than that the credit decreses to $400. I would suggest that anyone close to the $2K contribution and $17K AGI look
closely and get below the $17K AGI if possible.
Be Carefull!!! If your AGI is more than $17K even by $1 the credit drops to $400. This year I have an AGI of$17.5K so could stand to loose $600 in credit. To get my AGI below $17K, I will open an IRA before april 17 and because I do not have the cash, will pay for it with my credit card. When my refund comes, I will pay it off.

Robert of CA 2:19PM December 21, 2011