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Gold is not only a great way to diversify an investment portfolio, but has also been a reliable investment commodity for throughout history. Take a look at why many investors choose to include gold in their investment portfolio: History Over the decades, gold has generally been trusted as a wealth-preserving commodity holding its value during … Continue reading “Gold Investments”
Category: Individual Retirement Accounts
Visualizing Retirement Goals
Visualization is a technique many people use to reach their goals. Whether it is visualizing their goal body when losing weight or athletes visualizing making the game-winning score. This same concept can also be helpful when saving for retirement. A recent study found people who visualize their future goals are more likely to achieve them … Continue reading “Visualizing Retirement Goals”
Five Threats to Retirement Savings
Saving for retirement does not always go as planned. Retirement savings are subject to threats, both direct and indirect. Some of these threats are just unfortunate circumstances, while others are deliberate actions trying to take advantage of the investor. Boomerang Children These are the children of the Boomer Generation that are still being supported by … Continue reading “Five Threats to Retirement Savings”
The Balancing Act
Many younger workers have the task of balancing debt reduction with retirement savings. Often the debt they have accrued is related to student loans and credit cards. Many of these workers believe they need to pay off their debt before they begin actively saving for retirement. However, to be able to save a sufficient amount … Continue reading “The Balancing Act”
Five Key Financial Behaviors
Recently, the Federal Reserve Board has identified five financial behaviors that are key to successfully saving for retirement. Those who do these behaviors are more likely to be financially stable, making them more able to save for retirement. Those who do not are likely to be financially unhealthy, and less likely to save for retirement. … Continue reading “Five Key Financial Behaviors”
Using Health Savings Accounts in Retirement
Heath Savings Accounts have gained popularity over the last few years. These accounts combine high deductible health insurance with a tax-favored savings account. Some experts aren’t sure HSAs are living up to their potential. The recent up spike in popularity is in part due to employers adopting high-deductible health insurance plans. These plans make the … Continue reading “Using Health Savings Accounts in Retirement”
Saving for Retirement and Paying for College
It can be a tough decision for most people when choosing the most beneficial way to spend or save money. Many people think choosing to invest in their retirement is a better option than paying for their children’s college tuition and here’s why: Teens applying to college, can apply for student aid. Students are often … Continue reading “Saving for Retirement and Paying for College”
Retirement Saving as a Small Business Owner
Small business owners are in a different boat when it comes to saving for retirement. Unlike their employees, business owners don’t just check a box once to keep taking money out of their paycheck each payday. This means they have to be even more disciplined when it comes to saving money. They don’t have the … Continue reading “Retirement Saving as a Small Business Owner”
Realistic Retirement Plans
Retirement is seen as a time to enjoy the finer things in life. Many plan on international trips, golfing every day, and living a little more luxuriously. What they don’t take into consideration, is that they will no longer have an income to replenish what these grand plans use up. Some retirees need to rethink … Continue reading “Realistic Retirement Plans”
Retirement Preparation
When the time has come to starting preparing to leave the workforce, getting everything in order is a good idea. There are key steps starting a year out that one should take before retiring. 12 months out Cut back on stock investments. A downward trend in the market could affect years of saving. Create a … Continue reading “Retirement Preparation”
