Sylvester Knox discusses how you can save for retirement.

1. Rest Easy:
Saving for
Retirement,
Part Two
B Y S Y L V E S T E R K N O X

2. Saving
Today, I will move on to the
savings part of this series.
Saving for retirement requires
dedication and self-discipline. I
will explain step-by-step the
process for maximizing your
savings potential.

3. Step One:
Research
The most important part of
opening a savings account is
opening the account that best fits
you. Some banks and credit
unions offer great interest rates
on basic savings accounts. One
other option is an online-only
bank. Online-only banks can offer
better rates than traditional
banks in many cases.

4. Step Two:
Open an
Account
Many banks offer the option to
sign up online, but if you have any
questions, go to your nearest
branch to ask a representative.
Keep in mind, you will need cash
or a check for a deposit, so don’t
go empty-handed.

5. Step Three: Save Each Month
The most important factor on this list is this: saving. There are a few
ways you can do this. You can set up a direct deposit from your work,
an automatic transfer through your bank, or you can manually transfer
or deposit money into your savings account.

6. Step Four:
Other Ways
to Save
If you want to increase your
savings habits, there are many
extra options you can utilize. You
can sign up for cash back services,
such as Ebates. You can also save
your tax returns each year. Finally,
you can use an automated savings
app to save without thinking
about it.

7. Thanks for
Watching!
For more information,
please visit
SylvesterKnox.net