Tag Archives: retirement planning

Millennial Parents Face Economic Hardships

Young Invincibles report the plight of Millennial parents

I just finished reading a report from Young Invincibles describing the financial hardship facing Millennial parents.  The economic tsunami of lower income coupled with the higher costs of raising a child and being saddled by student debt is taking a toll on this generation of future leaders.  My heart goes out to this group as they attempt […]

How to pick a Mutual Fund

Picking a mutual fund could seem complicated because there are many to choose from, but let’s make things simple. At the 30,000 foot level, funds divide into growth funds that invest in stocks and bond funds that invest corporate and/or government bonds. Over long periods of time, stock funds provide higher rates of return in […]

Financial Education with Munny Journey

What’s the easiest thing to do to start saving for retirement?

When looking for work one of the most important questions is, “Does the company have a retirement plan?”  The surest way to build a retirement nest egg is through monthly deduction from your paycheck.  Pre-tax contributions invested in a 401(k) are the best.  Many companies offer a matching contribution.  This automatic wealth building system has […]

Financial Education for Kids

Why do people hesitate to save for retirement?

Are you a grasshopper or an ant?  Or are you a product of your environment?  Grasshoppers raise grasshoppers and ants raise ants.  If you were born into a family of spenders it’s pretty hard to become a saver.  It’s not part of your DNA.  Your mental model is to spend. Investing for retirement is foreign […]

What’s Your Plan if You Live to 100 Years Old?

For just a $1 a day, the oldest living American could have $89 million. Jeralean Tailey is now the oldest living American at 115 years old. If Jeralean invested $1.00 a day from birth, and received an average S&P 500 investment return, that $1 a day would be worth $89,023,066.00! That’s the power of compound […]