Mutual Funds are a cornerstone of retirement and investment planning. But they are widely misunderstood, and these misunderstandings can cost you. So how much do you really know about mutual funds? In commemoration of Financial Literacy Month, the Associated Press has created this short quiz to test your knowledge of mutual funds. Read the rest of this entry »
Archive for the 'Retirement' Category
This article addresses an investment strategy known as a CD Ladder. With the uncertainty in today’s economy, many investors are taking a second look at certificates of deposit as a part of their investment and/or retirement portfolios. Certificates of deposit (CDs) offer the advantages of guaranteed interest rates, guaranteed return of principal, and the security of FDIC insurance.
On the flip side, the disadvantages of certificates of deposit include relatively low interest rates and not having access to your money until the CD matures. These disadvantages compound one another when you consider that to get higher returns on certificates of deposit, you have to invest in longer terms…typically 5 years.
There is, however, a strategy that allows you to enjoy the advantages of certificates of deposit, while minimizing the disadvantages of certificates of deposit. The strategy is called a CD Ladder. Read the rest of this entry »
Introduction to Individual Retirement Accounts
An IRA (Individual Retirement Account) is one of the best ways for individuals and married couples to save for retirement. IRA’s offer numerous tax advantages, along with the opportunity to build a substantial nest egg for retirement. This article is written to provide you with IRA Information to help you make informed decisions about your individual retirement account.
For the 2009 tax year, most people are allowed to contribute up to $5,000 per year Read the rest of this entry »