A successful plan to save more money is very straight forward. Set aside a decent chunk of your income early and let the power of compounding grow it over time. This doesn’t always go as planned. Other obstacles get in the way, like paying off debt and instant gratification (buying things you really don’t need).
Those obstacles are why the personal savings rate sits below 5%. The guru’s say to save 15% of your income and live off the rest. That’s a big difference between reality and what’s recommended. That means most people will fall short of their retirement needs, unless they plan to save more money now. Continue Reading…
The growth and popularity of index investing has provided investors with a great opportunity to move their money away from higher cost mutual funds. However, low costs aren’t the only thing you need to consider these days.
Saving for retirement is a goal with a limited number of ways to meet it. Did you know that your IRA investment options extend beyond stocks, bonds, and mutual funds? You have more choices than think.