You’ve probably already glanced down and seen the image and thought, “What’s so special about that?” But let me break it down for you and you will see the incredible power that this image represents. This is a graph of what happens when someone invests $160 per month for 45 years (such as from age … Continue reading The ONE Image That Shows How Investing Can Make You Rich
Tag: Retirement
Five Awesome Things to Know Right Now About Social Security
First of all, yes, we all hear dire-sounding news stories about whether or not Social Security will still be around when you retire. But the reality is that most people need Social Security as part of their retirement plan. That probably includes you! But how much do you really know about Social Security? If you want … Continue reading Five Awesome Things to Know Right Now About Social Security
How To Make Your Graduate a Millionaire
Looking for a unique graduation gift? How about one that can make your graduate a millionaire? Does it sound impossible? Well, the thing you have to remember is that your high school or college graduate has one very important thing that you don’t have – a lot more time. That means there is time for … Continue reading How To Make Your Graduate a Millionaire
What Is a Roth IRA and Why Should I Care?
For most of my adult life the term “Roth IRA” was one of those things that I would hear people mention, and I would nod knowingly, pretending I knew what it was when I actually had no idea. Which is unfortunate, because while I was busy looking at the Walgreens sales flier trying to save … Continue reading What Is a Roth IRA and Why Should I Care?
Turn $312 into $600 with 401(k) Magic
So, your financial coach tells you that you should be putting $600 per month in your workplace 401(k)—but you don't know where the money is going to come from. Enter … 401(k) magic! First of all, 90% of companies with 401(k) plans will match employee contributions, and the most common option is to match 50%. … Continue reading Turn $312 into $600 with 401(k) Magic
When “Working Until You Die” Won’t Work
The problem with this plan is that many people end up leaving the workforce earlier than they intend to for three main reasons:
Two Numbers That Can Help You Understand Your Retirement Fund
56% of workers in the U.S. contribute to a workplace retirement plan. However, most people just leave their retirement savings in the default option their company picked out for them. But is that really the best choice?
“I hope I can retire one day.” Don’t hope – know!
I often hear people say “I hope I can retire one day” or “Who knows if I’ll ever be able to retire.” Retirement can seem like this large, foggy area in the future that you can’t really picture, don’t know how to predict, and are afraid to look at because what if the outlook is … Continue reading “I hope I can retire one day.” Don’t hope – know!
Is Five Years Costing You Half a Million Dollars?
I wish I could get into a time machine and tell my younger self … start investing now! The effect that time has on investments is so incredible that even just starting small, I probably could have retired at 42 instead of 52! Not sure what I mean? Here’s an example: At age 30 Jane starts putting $250 per month into an index fund in her company’s retirement plan