Review- Investing
Anybody can adequately save for retirement, as long as they
do their research and/ or receive help.
The best time to start your retirement plans is at the
earliest age that you are able to do so.
The retirement plan that has the employer match the
contributions that the employee puts into it is a 401K
IRAs allow for money to grow tax free.
Something to consider when looking at an employer is the
retirement benefits.
You need to have other forms of savings for retirement other
than Social Security.
When investing, you invest aggressively when you are young,
balanced when you are older, and conservatively when you are older.
The two types of IRAs are Traditional and Roth.
A type of investment that is more diversified that buying a
single stock is a mutual fund.
The experts say that 20%- 30% of your income should be put towards
retirement and savings.
5 comments:
yes, The 401k plan is a great thing to have while working because in the end you end up having more money and saved alot of money than you would without it.
You should start saving when your young so that by the time you retire you will have the money you need to live and pay bills.
Before I took my economics class, I had no clue that I could invest in anything. I thought that stocks and investing were for people with bucket loads of money. I didn't even really think that much about it. But now I know better. I feel that I have a better understanding about things such as the 401k plan. I feel that it would be a good thing to have, at least while you're working. I mean, if you're careful about what you spend, and you save diligently, you should end up with more money and who doesn't want that?
i think you should start saving when your younger so when you retire you will have money left over in a savings account.
saving wen your young is the best idea because i fell as if like if you bring a child into the world you should prepare an try an secure them in life .
Post a Comment