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David Auer CPA Blog

Saving vs. Investing in Your Retirement

Saving vs. Investing in Your Retirement

However, saving money for the future will never allow that money to grow. The Great Recession and the coronavirus pandemic have both led to long-term periods with interest rates that are near zero. This means that a $1,000 investment in a savings account will likely get a few pennies in interest each month. Such “investments” will lose money over time because of the impact of inflation. $1,000 today will buy more than $1,002 will in a couple of years.

How You Can Retire Earlier Than Planned

How You Can Retire Earlier Than Planned

Early retirement can involve many pitfalls, especially if tax-advantaged retirement accounts like 401ks, IRAs, or 403bs are involved. A professional retirement planner can offer expert advice at maximizing tax savings. Consumers should search for financial advisors with fiduciary responsibility. According to U.S. News, these advisors are legally required to offer the most beneficial advice to consumers rather than recommending high-fee or high-commission options that only benefit the advisor.

What to Know Before Retiring Early

What to Know Before Retiring Early

Retirement in the later years of your life is the ultimate goal for most people. Save for the few people who want to do their job until they’re no longer able to—people who live for their jobs—everyone wants to be able to enjoy their twilight years doing whatever...

The Future of Retirement

The Future of Retirement

Once upon a time, retirement was a feasible part of the American dream. People saved up for retirement, had Social Security as a guaranteed income for their future, and much more. Today, however, retirement looks more like a pipe dream than something to aspire to....

How to Plan for Retirement in Your 20s

How to Plan for Retirement in Your 20s

When you think of the word retirement, chances are your mind automatically goes down the line to the later parts of your life. You’re in your 60s, no longer need to work full-time (unless you enjoy doing so), and you can finally just enjoy life. That retirement money...