Nearly half of all employers offer some type of contribution to their employees retirement savings. Ask your employer about retirement plan options. Check out Navy Federal Financial Group s 5-minute checkup financial calculator for a quick assessment of your financial situation. One way to save on your taxes is by putting savings into an IRA or other tax-deferred account. Become a homeowner.
Home ownership is a key wealth-building strategy.
While a home mortgage is the biggest debt most individuals will ever owe, and your largest tax write-off, it is also be one of the best opportunities to pile up substantial savings. The more you own your house the more equity you have. With home values increasing in most areas, your home represents the largest growing investment you have. For most Americans, home ownership is a bigger part of their savings picture than mutual funds and other savings investments. We offer competitive interest rates and points, a variety of loan programs, low origination fees and no garbage fees.