Most personal finance experts agree that you will need about 80% of your monthly income replaced during retirement. To make that possible, it is important to save and invest throughout your working life. Want to know where to get started? Read on.
In my second video blog post, I share a strategy to start saving for your retirement when it feels out of reach. You can get started with only $1 per work day.
How Can I Start Saving For Retirement When I Can’t Afford It? Read More »
Getting started with investing can be intimating, but it doesn’t have to be. If you start with one of the basic types of investment accounts, you have the right foundation to save for your future. Individual Investment Account The individual investment account is the most basic type of investment account. This type of account has
Everyone gets excited when they start a new job. New opportunities, new challenges, and new retirement plans. Unless there are not… Some jobs don’t offer a 401(k) or other type of retirement plan, but it is still very important to save for your future even if your employer is not helping.
How to Save for Retirement if Your Company Doesn’t Offer a 401(k) Read More »
Not so long ago, in a city not so far away… I spent a fair amount of time picking stocks and trying to beat the market. I will be honest, I was pretty good at it. However, the time and effort it took did not always justify the effort. Over time, I have moved more toward investing in ETFs and mutual funds so I don’t have to worry as much about my money. With that change, though, came new costs and fees that I have to manage.
I recently wrote about paying yourself first, and one astute commenter had a great question about the value of maxing your Roth IRA first or your company’s 401(k) plan first.
