💰Lower your electricity bills

With great power comes…great electric bills! But fortunately, we’re breaking down how you can cut down on your energy consumption for a lower bill at the end of the month. We’re also throwing in some helpful tips about retirement savings and credit card rewards so read on for all the juicy details!

We’re hitting May this week already, so may this Monday bring everything you’ve been waiting for as we supercharge your money, one step at a time!

- Milan

IN THE STOCKS

• S&P 500 5,088.80 (0.035%)
• NASDAQ 15,996.82 (-0.28%)
• Dow Jones 39,131.53 (0.16%)

*Stock data as of closing on February 23rd.

THE MONEY BREAKDOWN

“Retirement Savings Accounts”

Let's unravel the mysteries of retirement accounts – your financial sidekicks on the journey to a comfortable retirement. First on the list is the 401(k), your workplace superhero. It lets you stash away pre-tax money, lowering your current tax bill while growing your future wealth. Many employers even match your contributions, doubling your financial power.

Then, we have the IRAs – the versatile warriors. Traditional IRAs offer tax-deductible contributions, while Roth IRAs provide tax-free withdrawals in retirement. Both allow your money to grow tax-deferred, playing the long game with your retirement dreams.

Lastly, say hello to the HSA, the health-conscious sidekick. While designed for health expenses, it moonlights as a retirement account. Contributions are tax-deductible, grow tax-free, and withdrawals for medical expenses are a tax-free victory. A triple threat for your financial wellness.

So, whether it's the workplace wonders of a 401(k), the individual flexibility of IRAs, or the health-savvy benefits of an HSA, these retirement accounts are your allies. Choose wisely, contribute consistently, and let them supercharge your journey to a financially abundant retirement. Learn more about each account and the best ways to use them in your own personalized money plan. Take our quiz at milansingh.co/quiz to get started!

MILAN’S HACK OF THE DAY

Energy-Saving Tips for Lower Bills

Let's turn down the heat on those bills with some quick and easy energy-saving tips. First up, let there be LED light! Swap out those old incandescent bulbs for energy-efficient LEDs. Not only do they last longer, but they also bring down your lighting costs. A bright idea for your budget 

Next, become a thermostat maestro. Lowering your thermostat by just a few degrees in the winter and bumping it up a bit in the summer can make a significant dent in your energy bills. Plus, rocking your favorite sweater or chilling with some cool drinks is a win-win to overcome your weather woes.

Lastly, give your appliances a break. Unplug chargers and devices when they're not in use, and consider upgrading to energy-efficient appliances. Small changes add up to big savings. It's not just about going green; it's about keeping more green in your wallet. Stay savvy and keep those energy bills in check!

OUR FAVORITE TOOLS

Maxing Out Your Credit Card Rewards

Great credit card deals are easy to come by but too often do we spot them a little too late. If you’ve ever seen a great card offer and noticed that it’s just past the expiration date, this one’s for you. 

We’ve teamed up with a platform that helps you track your benefits, points, and balances all in one place. It will even auto-activate your AMEX card offers and tell you which card to use and when to maximize rewards. Check it out at milansingh.co/maxrewards and use the code “MILAN” when signing up!