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Resource Roundup: Saving for Life's Biggest Events

Resource Roundup: Saving for Life's Biggest Events

Knowing where to begin financially can be challenging if you’re ready to buy your first home, start a family, or save for retirement. Our experts can help you get on the right path. Here are six articles providing practical guidance on how to start saving for some of life’s most important occasions.

Parents’ First Steps: How to Financially Prepare for Your Baby and Their Future

“Diapers, wipes, baby food, and formula (if necessary) are all products that will begin occupying your shelves on an as-needed basis. Subscription plans, loyalty clubs, and cash-back/rewards programs can be extremely valuable for the new monthly expenses you will begin to have. Save where you can and use credit cards with cash-back rewards so the more you use them, the more you earn.”

Start Saving for College Now with a 529 Plan

“Whether you open a plan yourself or through a financial advisor, you’ll get to choose where your funds are invested. Typically there are several options, including various mutual funds and exchange-traded funds (ETFs). Saving strategies differ from person to person, so select the one that best matches your goals and comfort level.”

Recent Graduates: Now’s the Time To Start Investing for Retirement

“That can wait until you’re more established, right? It might seem far away, but the best time to start investing for retirement is now. And, it can actually be more beneficial to start saving smaller amounts now versus larger amounts later. Why? The answer is simple: compound interest.”

How to Make a Financially Savvy Car Purchase

“If you’re buying a new car from a dealership, consider purchasing in the fall. That’s when the next year’s models are released, and salespeople will be looking to sell the current year’s vehicles to make room for the new ones coming in. Holiday sales are big and can also be a great way to get a good deal.”

Does That Mortgage Down Payment Seem Daunting? You’ve Got This

“Most lenders require a certain level of down payment to qualify for a mortgage. This can range from five to 25 percent. The larger the down payment, the more comfortable they will be giving you a mortgage. That being said, think about the future — and all the things you’ll want for the house once you move in! You might want to paint, buy new furniture, or update the carpeting. Don’t stretch yourself too thin.”

7 Steps to Estimate Your Cash Flow Needs for Retirement

“If you are close to retirement and seek to maintain a standard of living in retirement that is similar to what you had while you were working, using your current salary as a baseline is reasonable. But if you are younger — say, in your 40s — it may be wise to nudge up your baseline income for retirement-planning purposes, because your current income may not be reflective of what you will want to spend when you eventually retire.”

Get the right savings account from a bank that supports you throughout your journey.

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