Experts say that you would probably need around 70% to 80% of your annual pre-retirement household income to retire comfortably. The retirement goal is a moving target because you just never know what you’re going to do. Below are the two factors that you need to consider when determining your retirement goals: Personal Factors Your [...]
The Power of Investing In Tax-Deferred Accounts
October 25, 2010 By
Have you ever seen the power of investing in a tax-deferred account? Check-out how much growth you can achieve when you invest in tax-deferred accounts versus the taxable savings account!!
Nothing to Invest? Ideas To Help You Find Money For Your Retirement Savings
October 18, 2010 By
One of the biggest problem for a lot of people why they don’t save for retirement is that they do not have any money. Most of us have to attend to other expenses first and we tend to neglect the need to save for retirement. We tend to focus on what we’re doing for the [...]
Various Risks You’ll Faced When Saving for Retirement?
October 8, 2010 By
When it comes to saving for your retirement, there are a lot of risks that you have to consider. So it is a great idea to educate ourselves with the various types of risk in order for us to learn how to minimize them. Market Risk Market risk is the risk of losing money if [...]
Why It Makes Financial Sense To Buy A House
September 23, 2010 By
I believe people want to buy a house because it is still considered one of the American dreams. People seem to associate home ownership with the standard of living. We somehow see an improvement on our living status after we bought the house. We also feel that we have a sense of financial security knowing that we own something of value. To top it off, it also comes with the following financial benefits:
Understanding the Various Types of Investment Assets
September 16, 2010 By
When saving for retirement, it is advisable to get familiarize with the various assets involve with your investments portfolio. One of the main thing to consider is to ensure that you are diversifying your funds. There a lot of investment options in the market today as more and more financial products are being introduced. Different [...]
The Cost of Waiting When Saving for Retirement – Part 2
September 7, 2010 By
On the previous post, we’ve seen the cost of waiting one year when saving for retirement for somebody who’s contributing $300 per month, at 7.5% rate or return with a retirement goal of 30 years. So the next question is “What would happen if the rate of returns are much higher than the 7.5%?” How [...]
The Cost of Waiting 1 Year When Saving for Retirement
September 6, 2010 By
When you are young, it is very easy not to think about retirement especially if it is 30 years away. Because of this, a lot of young individuals procrastinate when saving for retirement. We’re all guilty of it especially after we graduated from college and it is the first time for most of us to [...]
How Money Works: The Magic of Compound Interest
September 1, 2010 By
There are two kinds of interest rate: the simple interest and the compound interest. Simple interest means that you are earning interest only on your original investment. While compound interest means the interest earned on your investment in one year will also earns interest in subsequent years. In other words, it’s interest earning interest. You [...]
Financing Options for Your Home-Based or Small Business
August 28, 2010 By
While most of home businesses require a very low start-up cost, however, there are still a lot of home based businesses that require some start-up capital to use for working capital and to purchase inventory and equipment. Check the various ways to finance your home-based business or small business.
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