Many Americans are lucky enough to have a retirement savings plan through their employers. If you don’t have that option, an Individual Retirement Account – or IRA – allows anyone with earned income to save for retirement. And if you’re self-employed, you can use an IRA to create your own retirement plan. In addition, there are special rules that may allow a stay-at-home spouse to contribute to one as well. Continue reading
Depending on your investment profile, you may want to consider including an annuity as part of your investment portfolio. Annuities can have features that provide a more moderate approach to help build retirement savings. They can also be used to create an income stream you can’t outlive.
Entering your 60s could mean you’re getting ready to reap your financial harvest. But, after decades of careful spending and saving, you may still be hesitant to say goodbye to full-time employment. If you’re still carrying high-interest rate debt, making a hefty mortgage payment, or wondering if you have enough money in savings, delaying retirement might be a good idea. Before you exit the workforce, reassess your finances and be prepared to reboot your retirement plan, as needed.
When it comes to your investing strategy, there are ways you can save on what you owe Uncle Sam by regularly investing for your future.
Investing in the stock market can be intimidating, even when the economy is booming. While “buy low, sell high” is sage advice for those entering the market, recent global and national events have sent otherwise confident investors on a roller coaster of emotions. It’s understandable. There have been several twists and turns in the market this year, and experts are expecting more of the same. But that doesn’t mean investors can’t protect their hard-earned money with an asset allocation strategy.
Here are ways you can spend less, save more and plan for your future.
Some people worry about their investments even during ideal stock market conditions. This is part of human nature, but you shouldn’t allow this fear to stop you from staying invested in the stock market during periods of volatility. No matter what your circumstances, or how much money you have to invest, knowing and understanding your investing personality can help when choosing investments to achieve long-term investing success and reduce your apprehension about market volatility.
If you feel like you could do more to improve your saving and investing habits, or don’t know how to get started, here are some tips to help. Financial experts agree that there are two important things to focus on: start and contribute regularly to an emergency fund and contribute at least 10% of your paycheck to a retirement account.
When you head into your 30s, your life is filled with more responsibilities. No matter if you’re single, married, or have started a family, making key financial moves can help you take advantage of financial opportunities and weather setbacks when they occur, because they will. Here are 10 steps that can help you build security and reach your financial goals.
As you head into your 50s, there are some important steps you can take to ramp up your financial security. For instance, even though retirement may be years away, evaluating your progress along with other long-term goals can help you shift priorities and make the most of your money.
Here are 10 tips to help.