Your first job. Such a big milestone. For the first time ever, you are financially independent. You have moved on from being a broke college student to a successful young professional. Don’t get too comfy with that big paycheck, though, it is time to start investing.[Read more…] about How Should a Young Person Get Started with Investing
My wife and I were having a conversation the other day about saving for retirement and what regrets, if any, that I had. I had accumulated a fair share of debt early in life and when I finally decided it was time to repay that debt I ignored saving or investing. Sure, I had a laser like focus on paying down that debt, but did I do myself a disservice by not also saving for retirement at the same time? Believe it or not, a variation of this issue is dealt with by quite a number of individuals in various stages of life.[Read more…] about Can I Really Afford to Save For Retirement?
Have you ever taken a look at your 401(k) plan and thought to yourself, “These options are terrible. The historical rate of return is low and the fees seem higher than normal.” Typically, those of us that say this just shrug our shoulders in defeat and sign up for the funds that look the best to us.
Millions of people in the United States work at public companies with stock available for purchase. Some of these companies give employees stock for free, others offer company stock to employees at a discount, many commonly offer company stock as a portion of 401(k) plans. While many of us are loyal and believe in the companies we work for, is it a good idea to invest in our company's stock?[Read more…] about Should I Buy Stock in the Company I Work For?
How often do you think about retirement? If you are anything like me, you think about the future quite a lot to ensure a long, stress free life. If, however, you are like most of the U.S., then you are probably saving something for the future, but it is very little in comparison to your current earnings. And also, if you are like the majority, you have no idea if what you're saving will even be enough once you retire!
How many places have you worked? Did you have a clear understanding of the benefits before you accepted each job? If I had to wager a guess, I would say that many of you knew what your starting salary would be, you knew if there was a 401(k) match, and if you have a family, you most likely asked if there was health insurance provided, but that was the full extent of your knowledge.