Money Blog: Savings & Investments (Page 10)
The Best Ways to Start Saving for Retirement Today
Saving for retirement is a goal that everyone will need to reach at some point in their lives. Many people like to put off this type of savings as long as possible, but no matter how tempting that is, starting a retirement savings plan as soon as possible.
There are a lot of different ways people can start their retirement savings. However, some methods are more effective than others and can... ❯❯❯
Advantages of Investing in a Roth IRA
Freedom and flexibility:One of the best aspects of Roth IRAs is the absence of a required minimum distribution (RMD). At 70½,Traditional IRAs require you to calculate all of your RMDs and take them as taxable income. If you miss anyor don’t withdraw enough, it will cost you a 50% penalty on top of your income tax. You also can’tcontribute savings after 70½ to regular IRAs, but Roths have no... ❯❯❯
A Self-Managed Super-Fund or a Pension? What's the Best Option for You?
You might think that a traditional pension is your best option for saving for retirement, but is that really the case? If the circumstances are right, you may get better returns by starting a self-managed super-fund. While both pensions and super-funds have the same end goal of providing you with a comfortable retirement, they have very different ways of achieving these outcomes. Here is an... ❯❯❯
5 Things to Avoid When Negotiating Wages
Negotiating a salary can be an awkward situation. There seems to be a taboo around discussing personal financial matters, especially amongst British people. We are not good at haggling – it is just not in our nature. Negotiating a wage requires nerves, bottle and a little bit of cheek. These are qualities that the top sales people tend to have. For us mere mortals, haggling needs to be learned,... ❯❯❯
One in Four Investors Have No Financial Plan
According to recent financial research, 26% of American investors have no plan or strategy when it comes to their investment portfolio. Almost 20% say believe they don’t need to work with professional financial planner to help them make the right investment decisions – their reasoning including not believing a plan was necessary, to feeling uncomfortable discussing finances with a stranger. ... ❯❯❯
Financial Tips For Couples
Couples face a variety of unique financial issues while together. Each one has its own set of challenges and concerns. Proper preparation as well as knowledge of these topics can help people face the unique circumstances while maintaining stability.
Communication Is Important
Couples should always communicate with each about money. Important conversations on the topic should occur before... ❯❯❯
Saving on Student Bank Accounts
If you are swimming in the midst of your university or post university education, you are in a sweet spot for acquiring a bank account with no fees, few strings attached, and plenty of rewards and student oriented perks targeted just to you. Because students often find themselves in one of the stickiest financial situations around due to the bottomless pits of educational loans, debt, tuition... ❯❯❯
Small Business Marketing on a Budget
As a small business owner, you know all too well how important it is to stretch every dollar, but at the same time, you realize how critical it is for you to effectively market your business if you want to remain profitable. And while there are plenty of PR and marketing firms and consultants who would be more than glad to develop a marketing program for you, the cost for such programs can be... ❯❯❯
Investing in the Sunshine State is a Smart Move
Unbeknownst to many, Florida has been, and continues to be one of the most popular locations to invest in real estate – for many more reasons than you may think. One of these reasons is that the number of cities in Florida that are alluring to outsiders is increasing. While just a few years ago Key West and Miami were the primary locations that had people flocking to the Sunshine State, today... ❯❯❯
Succeed in Your Career by Setting These 7 Goals
As the new year rolls in many people have fitness oriented goals, or wish to spend more time with their families. It is also a good time for people to make plans for their future career success. Mark McCormack wrote a book that touches on goal setting: What They Don’t Teach You At Harvard Business School. This book gives details concerning a study that took place in 1979. The study was purported... ❯❯❯
