How to Save Money for Travel

How to Save Money for Travel According to NationalDebtRelief.com, the average American consumer racks up over $1,000 in additional debt after a typical summer vacation. I don’t want that to happen to you, so here are 6 ways to save for vacation!   1. Create a Travel Account: This is a separate bank account designated

401(k)

401(k) An employer sponsored retirement plan with automated contributions through your paycheck. Many employers offer to match a portion of what you save (=free money). Maximum contribution for 2019 is $19,000, and $25,000 if you are 50 years or older. Many plans offer a Traditional and a Roth option. The Roth 401(k) is not limited

Solo 401(k)

SOLO 401(k) May be suitable for self-employed individuals or business owners with no full time employees except for a spouse. Allows you to save as both employer and employee.  Maximum contributions limits for 2019 are $19,000/$25,000 (if 50 or older) as employee, AND up to 25% of income as employer, up to a total of