Compound interest is an essential concept to understand when balancing the forces of investing and borrowing. It gives you the ability to make stronger money moves. Albert Einstein said compounding interest is the eighth wonder of the world and one of man’s greatest invention.
Every month, millions of working Americans save a portion of their paycheck into some form of retirement savings account such as a 401(k), 403(b), or IRA. While there are a lot of investment vehicles, do you know the type that your 401(k) account is being held in? If you’re saving in your employer-sponsored account, your Plan’s Fiduciaries are responsible for providing and monitoring a diverse investment menu. However, you hold the power to determine how much you want to contribute and where based on the available funds within your plan. One type of retirement investment vehicle that has been quickly growing in popularity are Collective Investment Trusts (CITs). So, what sets them apart from mutual fund investment vehicles?
Are you thinking of ways to improve your final picture? No matter what your age, taking steps towards securing your financial life is always important. But how do you know what steps to take? Not surprisingly, things may be drastically different for someone in their 20s compared with those in their 60s.
This article will walk you through the four main age demographics from millennials to those entering the golden age of retirement and how handling each stage differently can make all the difference when it comes to doing your "money life" right.
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Investment schemes are all around us and we've heard a lot of them. They're that infomercial saying "double your income by using this new financial strategy", "we've got a top secret insider tip", or the "hey, do you want to get rich quick?". At first glance, they sound great and so we invest with the best intentions to only be blindsided soon afterward. It's sad to say, but many Americans fall victim to these schemes and lose not only their hard earned money, but their pride, and dignity. While investment fraud can cause havoc in your financial life, it's possible to bounce back from this situation. Below we have created an infographic to assist you with the 6 steps to take if you've been scammed by an investment fraud.
When you flip to the financial section of the newspaper there seems to be one thing that everyone is always talking about: The Stock Market. If you're just starting to familiarize yourself with the world of investing, you first need to know what everyone is talking about when they refer to this ubiquitous term.
Do you have bonds in your investment portfolio, but are unsure of what actually happens to them in the market place?
Wondering about investing for retirement, but don't know where to start?
MoneyNav is conveniently breaking down our in-depth webinar presentations and giving you the advice you need to help with your financial future.
After years of playing the saving game leading up to retirement, it's easy to feel like the game is over once you reach that point. Unfortunately, the game is still in play, you're just going to be playing a different position.
Years ago, if you wanted to have a better grasp on your finances, you would have to talk to an accountant, a CPA, financial advisor, and/or a bookkeeper. On the one hand, having the a face-to-face interaction was nice, but finding a trusted advisor along with paying the high fees just doesn't make sense for everyone.