The economy is definitely better than it was a few years ago, but let’s be honest — it’s not really that good. That’s especially true if you are a recent college graduate trying to navigate your way into the job market, and carrying a big load of student debt in your backpack. How can you […]
Saving for retirement can be something of a Catch-22 — you’re saving money, and you keep saving money, because the goal isn’t always well-defined. That’s why you need to establish how much you really need in order to retire comfortably. Until you know what that number is, there’s really no way to know if you’re […]
Early withdrawal penalties have become a fact of life with a wide variety of investment vehicles. They are set up as a disincentive for people to make early withdrawals from certain time-sensitive account types. This includes everything from bank issued certificates of deposits to the various tax-sheltered retirement programs available. So how can you keep […]
Annuities are investment vehicles issued by insurance companies. You can buy an annuity with either a lump sum, or through a series of periodic payments. If you pay with a lump sum, you can begin receiving payments immediately. By making periodic payments, you can begin taking payments at an agreed-upon date in the future, when […]
It’s not uncommon for people to have actively managed IRA accounts — that is, paying a professional to manage their accounts for them. That makes a lot of sense if you know close to nothing about investing. Yet if you have any investment knowledge at all, a self-directed IRA is almost always the better choice.
Since this is an investment site, we naturally talk frequently about various types of investments — risk investments in particular — and the need to achieve a balanced and diversified portfolio. That balance is usually achieved by holding a certain percentage of your portfolio in safe, interest-bearing investments like certificates of deposit or CDs.
You’ve probably heard the saying, “buy term life insurance and invest the difference“. The “difference” in this recommendation is the difference between what you would pay for whole life insurance versus term life insurance. That difference is substantial. Whole life insurance is generally many times more expensive than term life insurance.