Embarking on the journey of finding your dream home is an exciting and significant step in life. Whether you're a first-time homebuyer or looking to upgrade, the process of searching for a home can
How To Get Ready For Retirement
Dated: May 1 2020
Views: 179
For most people, retirement feels like a long way off. But, if you don’t start preparing as early as possible, you may find yourself in a place of financial insecurity when the time does come. To avoid this, consider implementing the following tips.
Calculate your target savings. In general, it’s recommended that you save between 10 to 15 percent of your income for retirement. However, you can always use an online savings calculator to determine the amount you need to save for your specific needs and goals.
Contribute to your employer’s retirement savings plan. Does your job offer a 401(k), traditional IRA, or Roth IRA? Sign up and start saving as soon as they allow you to. It’s recommended to set up automatic paycheck deductions and, once the money is in your retirement fund, don’t touch it.
Take advantage of employee benefits. Many employers offer matching which generally requires you contribute a certain percentage of each paycheck and your company will then contribute a matching amount with funds of their own. They might also offer health savings or flexible savings account. By contributing to these accounts, you reduce your amount of taxable income, allowing you to save more money.
Pay off your debts. Start by paying off any high-interest credit card debt first. Then look at other debts, such as student loans and car payments, and make a plan for paying those off incrementally.
Reduce daily spending. Although this feels like a no-brainer, spending your money thoughtfully now can make a big impact later. Seek out areas of your life where you can cut costs and stick to a budget.
Jeff Edwards
I’m Jeff, a dedicated real estate professional serving the Metro Detroit area. With a career built entirely within the real estate industry, I bring a deep understanding of valuations, market tr....
Latest Blog Posts
Becoming a homeowner is a significant milestone in many people's lives, but the journey to homeownership can be complex and daunting. Understanding the various mortgage types and down payment
Introduction:The age-old debate of whether to own a home or rent continues to be a significant decision for individuals and families alike. Both options have their merits, but homeownership often
Mortgage Rates On The Rise....Again!I hope you have been reading through the past months as I have tried my best to prepare you and everyone else for what is happening in the market. Today will
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 23, 2026 2:31 AM UTC
IDX provided courtesy of Realcomp II Ltd., via Soaring Eagle Realty and The Originating MLS(found above), © 2026 Realcomp II Ltd. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary
