By Michael D. Lee, CPA, PFS, Financial Education Manager, Golden 1 Credit Union
April is National Financial Literacy Month, and what better way to demonstrate financial literacy than by adopting a few smart behaviors that could save money on your 2015 tax bill and set the blueprint for a solid retirement?
More than 60 percent of Americans have less than $1,000 in savings and nearly half deposit less than 5 percent of their incomes into longer-term savings. What that means is the vast majority of Americans are significantly unprepared for unexpected financial burdens in the present, let alone setting themselves up to finance their retirement. With fewer U.S. companies offering 401(k) or matching retirement plans, there has never been a more critical time to open a self-directed retirement account that offers current and future tax benefits.