Tag Archives investing

Should I Invest My 403(b) (Or IRA) In A Target Date Fund?

by

Perhaps the most difficult, or at least most intimidating, thing about saving for retirement isn’t finding money to set aside, but rather choosing how to invest that money. After all, 1 in 5 Americans who aren’t invested in the stock market says it’s because they “don’t know enough.”

 

What Is A Target Date Fund?

Because of this, in 1994, a new kind of mutual fund was created: the target date fund (TDF). It is a kind of investment designed so that you can just put your money in and forget about it until it’s time to take your money out. You will recognize them because they have a future date in their name, like LifePath Index 2040 Fund or Vanguard Target Retirement 2040 Fund.

0

How To Avoid Large, Loud, And Annoying Toys This Christmas

by

Christmas is almost here! And that means that grandparents and fun aunts and uncles are going to be scouring the stores (or just Amazon) for the biggest, loudest, most annoying toys to give your children.

 

Aren’t you excited?

 

If you don’t want a life-sized Batman taking over your hallway or Giggle Wiggle singing to you every day, be proactive! Open a 529 college savings account for each of your kids so your family and friends can put their money somewhere that it will really benefit your child- and not drive you crazy. (And if you do want Giggle Wiggle, let me know, I have one that I’d be happy to part with.)

0

Are You Eligible To Make Extra 403(b) Contributions?

by

People over 50 are eligible to make extra contributions to their 403(b) plans. However, some plans even let younger people make extra contributions. Here is everything you need to know regarding eligibility, limits, etc. for making extra contributions to your 403(b).

0

Do You Know How To Use The F Word?

by

I mean fiduciary. Why, what were you thinking?

 

Fiduciary, pronounced fi-DOO-she-air-ee. In the financial services industry, this is a very important word. It describes a kind of relationship. The kind of relationship you want to have with someone giving you financial advice.

0

The Amazing Retirement Account You Didn’t Know You Have

by

It can be hard to save for retirement. Especially for pastors who need to because they’ve opted out of Social Security. A lot of big denominations have pensions, but what about independent pastors? Non-denominational pastors usually don’t have workplace retirement plans. That doesn’t leave them with much more than an IRA. Or does it?

0

What Is An Annuity And Why Would I Want One?

by

If you’ve never had someone try to sell you an annuity, you’re either lucky or young. As you near retirement, you will have a plethora of “financial advisors” offering you annuities as the solution to your every financial need. Because of this, it’s important for you to understand what they are and when you would want one.

0

Why I Think Mutual Funds Are Awesome

by

All of my money that I am saving for the distant future is invested in mutual funds. It shouldn’t come as any surprise, then, that I think they’re awesome. I think that they are the best way for normal, everyday people like you and me to invest for the future.

0