returns
Saving more and working longer: Two powerful ways to increase your retirement resources
The July 2018 issue of the AAII Journal — the monthly publication of the American Association of Individual Investors — includes an intersting article about how to “increase your retirement resources”. This plain English piece summarizes some of the findings from the authors’ research paper “The Power of Working Longer”.
According to the article, there are three primary factors that determine “the adequacy of retirement resources”. Those are:
- When a person begins participating in an employer-sponsored saving plan,
- What percentage of their earnings they save in such a plan (i.e., their saving rate), and
- At what age they retire and begin taking Social Security benefits.
Until Elon Musk invents a time submarine, it’s impossible for a worker to go back to their youth and begin saving for retirement earlier. Because of this, the authors focused their research on the relative power of saving more and working longer.
Investing News Flash: Make It Personal
This page may include affiliate links. Please see the disclosure page for more information. Investing News Flash – Making investing personal will not only help you avoid losing money but will help motivate you to reach your goals. Brian makes an excellent point in a recent article about investing. Too many people think of investing as something thatâs…
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Investing News Flash: Make It Personal was first posted on October 11, 2019 at 6:00 am.
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The Best Ways To Invest $1000 For Good Return
Would you like to invest your spare change? Then use Acorns. Acorns rounds up all of your debit and credit card purchases to the nearest dollar and invest the change. 1000 dollars may not seem a lot of money to some people, but it is a good chunk of money that can generate a good …
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Dear Penny: My Husband Says Stocks Are a Scam, Refuses to Invest
Dear Penny, Iâm having trouble convincing my husband that we should start making investments. He thinks the stock market is a scam, but Iâve had several college classes that discussed Wall Street and several of my friends are doing OK with their portfolios. It was a struggle to even convince him to move from a [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Buying A House Checklist For First Time Homebuyers
Buying a house, especially if you’re a first time home buyer can be daunting. And searching for a buying a house checklist online can also be annoying. From finding a real estate agent or broker to assist you in the purchase of a property to start house hunting, the process can be overwhelming if you …
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4 Costly Investing Mistakes You Must Avoid
You may start thinking about investing, because you’ve just received a lump sum of money, a tax refund, a bonus, or a raise. Or you may be thinking of buying a house in the future and need to invest some money for a down payment on the house down the road. Either way, one thing …
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How To Make Money Trading Stocks As A Side Hustle
Interested in learning about active investing strategies? I have received numerous questions over the years about active investing versus passive investing strategies, and how one can trade in the stock market and make money. Disclosure: Active investing is not a get rich quick scheme. Not everyone will see success with short-term trading in the stock […]
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Chapter 7 Bankruptcy: What You Need to Know Before Filing
What is chapter 7 bankruptcy? Filing Chapter 7 bankruptcy releases or âdischargesâ individual debtors from having to pay certain outstanding debts while allowing them to keep exempt assets so they can get on with their…
The post Chapter 7 Bankruptcy: What You Need to Know Before Filing appeared first on Crediful.