This is a good article, anyone looking to invest in the stock market should read this article. They should then think of all their "financial products."
IRS Site: 401(k) Plans These employer sponsored plans account for the majority of people's retirement planning. Most people approach this by deferring a percentage of their salary each paycheck into an account they can barely decipher. Typically, an employer offers to match, up to a certain percentage amount, the employee's salary deferrals. For instance, XYZ Corp. can … Continue reading 401(k) Plans
Most people have access to a few different types of Tax-Advantaged Retirement Accounts. We will get to the types of individual retirement accounts in a moment. First I want to explain the huge advantage of making investments with pretax dollars. The main advantage of these types of accounts is twofold: The money invested are pretax … Continue reading Pretax vs. After-Tax Investment Dollars
As I finish putting together information for this website, I intend to be a more regular updater of this blog. For now, I would like point to this recently completed write up regarding a powerful concept know as compounding. Please follow the link below. The Power of Compouding