Unfortunately, most Americans did not listen to their parents at a young age when they were told to start saving their pennies.
While there is some method behind the magic of retirement accounts, the phenomenal growth of your savings may seem mystical without too much of your own doing.
A stock is simply a piece of a company. When a company feels that they are (or soon will be) profitable enough to pique the interest of investors, they “go public.”
A mutual fund is a pool of stocks or bonds managed by professional investors and sold, in pieces, to common investors.
We've been told that there is nothing more powerful for our retirement than starting a 401k. What is this magic tool and how does it work?
IRA stands for “Individual Retirement Account.” Like a 401k, this tax-deferred (meaning the money is taxed upon removal only) savings plan was created by the IRS.
“CD” stands for “certificate of deposit.” The idea is that you lend money to a bank for a set amount of time while accruing interest at a higher rate of return.
Become familiar with the basic terms concerning the many types of mutual funds available, and fees associated with their purchase.
An IRA (defined in “What Is an IRA”) has many benefits, when you can put as much money into the plan as possible without going into debt to support yourself at your current income level.
There are many investment options out there. Knowing the pros and cons of each will help you make the right decision about which one is right for you.
Before making any financial commitments review this checklist to make sure you’re really prepared.
A bond is a loan that you make to a government organization (state or national), local municipality or a major corporation (such as Ford, GE, GM, etc).
Open-ended, closed-ended... what does it all mean?
Whether you're saving for a new home, car, vacation, education, retirement, or for a rainy day, U.S. Savings Bonds can help you reach your goals with safety, market-based yields, and tax benefits.
