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lefttopInvesting!!! It’s for everyone!**Image from When do I need to start investing for my retirement?Basically, the earlier you invest, the more your investments will grow, and you will have more money by retirement age. For example, say you set aside $1,000 a year when you're 25 and put it in a retirement account earning 8% a year. Even if you stop investing completely when you turn 35, (so you've only invested for 10 years) your total investment will have grown to nearly $169,000 by the time you turn 65 and are ready to retire. So a $10,000 investment turns into $169,000. However, if you do the same thing, but you don't start investing the $1,000 a year until you turn 35, and you keep investing that much every year until you turn 65 (so you invest $1,000 a year for 30 years) you only end up with about $125,000. So, even though you invest three times as much money, you wind up with less. How much money do I need to invest for my retirement?There are multiple varying factors on how much you need for retirement such as age, financial situation and personal goals in retirement. A general rule to keep a steady income in rightbottomretirement is saving 8 times your end salary. Investing, saving early and compounding interest early increase your chances of reaching your goal substantially. There are many online calculators to project what is needed to attain your retirement goals. Use these and see how your goals are playing out! 3. Where should I put my retirement money?When you invest for retirement, you typically have three main options:You can put the money into a retirement account that's offered by your employer, such as a 401(k) or 403(b) plan. These plans are great deals because the money will grow tax-free until you withdraw it in retirement. What's more, you escape taxes either on the money you put into the plan or the money you withdraw from the plan, depending on whether you choose a traditional or Roth option.You can put the money into a tax-advantaged retirement account of your own, such as an IRA. IRAs offer similar tax breaks to 401(k)s, though some of the eligibility rules differ.You can put the money into a regular investment account that doesn't have tax advantages.The first two options are far better deals, but there are limits on how much money you can put into them each year. If you've put all the money you're allowed into tax-favored plans and you want to save even more for retirement (for example, because you got a late start in saving and need to make up for lost time), you'll have to use a regular investment account.rightcenter**Image from 4. What should I invest in?5. Stocks? Bonds? What’s the right mix?The key is having the right mix of stocks, bonds and cash. The mix of those three asset classes is known as your "asset allocation." Pick your asset allocation wisely, and it will do the work for you.**Image from 331470066675006. Should my asset allocation change as I get older? Absolutely. That's because different investment mixes are riskier than others, and your tolerance for risk decreases as you age.Stocks - which are shares of ownership in a corporation - provide the most juice for long-term growth. But they're volatile, so they can lose you a lot of money in the short term. When you're young, the long-term growth potential of stocks outweighs the risks. When you're older, not so much. So you should scale back on the percentage of stocks in your portfolio over time.Bonds - which are basically interest-bearing loans that you provide a company or government - give you weaker long-term returns than stocks do, but less volatility. So you should increase the percentage of your holdings in bonds over time.Cash - or "cash equivalents," such as money-market funds - are the least risky of all. But they also have the lowest returns. You might not need cash in your retirement account at all until you're approaching retirement age or in retirement.7. What’s the best asset allocation for my age?What should we invest in during our earlier years?Real estate investment should be started as soon as possible to avoid renting and providing a habitat while earning money.401k is a sound investment provided by a majority of employers. This investment will continue to move with you throughout your career. 372427560261500HSA (Health Savings Account) investments serve a dual purpose. If your employer provides this through the health benefits it’s able to be used for medical expenses and at the age of 65 the remainder is tax free as a retirement asset.**Image from -476251143008. How much should I save if I want to retire early?How much you need at retirement can vary depending on how much you want to live on and expenses (i.e. are you figuring in whether or not you will have a mortgage payment when you retire?). According to Fidelity, a well-known investment firm, people should aim to have 8 times the amount of their salary when they retire. However, it should be noted that Fidelity is also factoring in that people will have additional income from Social Security.**Image from The internet is the best source. Many websites now have calculators that will factor in age of retirement, current salary, inflation, and interest income, and will give you the exact calculation of how much you will need to retire. With that you can calculate how much to save. A good website calculator to use is . 9. How often should I check on my retirement investments? (Will be edited)Works CitedFidelity Viewpoints, . "How much do you need to retire? ." . Fidelity Investments, 27 Feb 2013. Web. 2 Aug 2013."Where should I put my retirement money? - Ultimate Guide to Retirement." CNNMoney - Business, financial and personal finance news. N.p., n.d. Web. 3 Aug. 2013. <"How Much Do You Need to Retire?"?Fidelity Investments. Fidelity Brokerage Services LLC, 27 Feb. 2013. Web. 01 Aug. 2013. . ................
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