Less than $25K in retirement? Don’t sweat it

Plus, you don't have to wait for your paycheck [The Penny Hoarder Daily]( [Together with EarnIn]( Worried you don't have enough cash stashed away in your retirement account? We found a few ways to accelerate your savings, starting with getting your employer to pitch in, too, by participating in a 401(k) plan. And if you're not ready to talk about retirement because you're still struggling to make ends meet today, we get it. We found a company that wants to help you [access your paycheck sooner](. You earned it, so why wait for your money?   [Never Too Young To Start Saving For Retirement]( Whether you’re just starting out or you’re already maxing out your 401(k) contributions, understanding how it works might make the difference between saving $100,000 or $1,00,000. [Here’s how 401(k) plans work]( and how to take advantage. And if your employer doesn’t offer a 401(k), we’ve got alternative options for you. [Together with EarnIn]( [Got Bills? Get Paid Today]( Money can travel around the world in seconds, but most of us can only pay our bills twice a month. Employers are stuck on the bi-weekly paycheck system, but you don’t have to be anymore. [A company called EarnIn]( can help you get your hands on your money as soon as today (and avoid paying bills late). It’s simple. You work almost every day, so you should be able to get paid almost any day. With EarnIn, you can cash out up to $100 a day from your paycheck or up to $750 per pay period.1 No, EarnIn won’t charge you interest or membership fees.2 And to keep their services affordable, there’s no set price. They just ask you to consider paying a tip.3 Half of EarnIn’s customers now say they can afford a $400 emergency, and 60% of customers state they can pay their bills on time more often. But don’t wait until you need it badly — sign up for a backup plan. [Create an EarnIn account now]( and link your bank account. When you’re done, they’ll just need to verify that you have a paycheck coming up. [Get Your Money]( [Less Than $25K in Your Retirement Account?]( With 40% of Americans with less than $25,000 saved up for retirement, you’re not alone, fellow Penny Hoarder! We’ve got ways to boost your balance and [stash away more savings for your golden years](. Bonus: You can start doing most of these things today!   [How to Retire Early (Like Rich People Do)]( [How to Retire Early (Like Rich People Do)]( Go to school, work hard, and then you retire — or die. For most of us, this path has lost its appeal. It’s time to turn to a different one. Follow these moves that some of the richest people in America are making to [save more and play more](.   [Dear Penny: Should I Borrow from My 401(k) to Pay Off Debt?]( In this episode of Dear Penny, our certified financial planner helps a 61-year-old advice-seeker determine whether borrowing $10K from their retirement account is the best option for this soon-to-be retiree. Plus, what are the advantages and [disadvantages of borrowing from your 401(k)]( Let’s find out.   [UPDATED: 50 Easy WFH Gigs for Earning Extra Cash]( From earning cash prizes on your phone to getting paid to drink beer, we’ve recently updated our 50 ways to help you [earn some quick cash](.   [Does Your 401(k) Plan Suck?]( Retirement planning is complicated. Many of us don’t simply aren’t sure if our current or new plan is a good fit or not. Fortunately, if your employer sponsors a 401(k) plan, you should have access to people who can answer questions in your best interest. Here’s what to look for in your retirement plan and what questions to ask to [ensure you’ve got the right plan set up](.   [We'll Text You More Money Tips]( 1Subject to your available earnings, Daily Max and Pay Period Max. EarnIn services may not be available in all states. Restrictions and/or third-party fees may apply, for more information review our Terms of Service available at [EarnIn's homepage](. 2Restrictions and/or third-party fees may apply. See [EarnIn.com/TOS]( for details. 3Tips go to EarnIn and do not impact the quality and availability of services, whether you tip or not. Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. [Learn more]( about how we make money and select our advertising partners. We’re letting you know because it’s what Honest Abe would do. After all, he is on our favorite coin. © 2024 The Penny Hoarder. All rights reserved. 490 1st Ave S. Suite 800 | Saint Petersburg, FL 33701 | U.S. [View in browser]( [Mailing preferences]( | [Unsubscribe]( | [Privacy Policy](