Cut back now, and you'll have more to look forward to later. Everyone knows day-to-day life is expensive. Those expenses will still be there when you retire, but you won't have a salary coming in to cover them. That's why it makes sense to cut back now and then, and pour more money into your Individual Retirement Account. This calculator could give you some incentive, as it shows how dollars diverted to your IRA can grow to an impressive amount.
Strike the right balance between current spending and long-term savings.
Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., Maryland, Virginia and New Jersey, as well as overseas locations in the Netherlands, Belgium and Germany.