Retirement – Retirement refers to the point in a person’s life at which they stop working and, hopefully, begin to live off of their savings and investments. Retirement should be foremost in the minds of any new investors, no matter how young they may be. This is because the archetypical retirement savings strategy consists of […]
It seems every day we’re bombarded with offers, enticements and pitches to get us to invest our money. It can become confusing, even disheartening after a while, especially for those just getting started in investing. One should remember that all of those companies who advertise investing strategies are businesses whose priority is to make money for them first and you, second. When it comes ...
- Personal Finance
Is College Planning Part of Your Personal Finance Objectives? College funding is one of the paramount long-term financial concerns of today’s parents, along with home savings and retirement planning. Saving can be difficult for any reason, even for a short term goal like a holiday vacation, so in the US government agencies have stepped in to provide parents and grandparents with an ...
- Personal Finance
To many who have just recently joined the workforce, retirement is a hazy term that doesn’t have much resonance with their daily lives. This is unfortunate, because now is precisely the time when one should be thinking about their retirement - or at least, planning for it. This doesn’t mean setting aside a pair of baggy shorts and looking for a Sunbelt condominium, of course, but think about ...
401(k) plan – A 401(k) plan (sometimes written “401-K”) is a type of retirement plan that in its most common variation is both employer-sponsored and participant-directed. Named for a relevant section of the U.S. Internal Revenue Code, a 401(k) plan is tax-deferred and allows employees to divert a set monetary amount from their paychecks into […]