If it sounds too good to be true, it probably is. If someone asks you to invest and promises impossible returns on your money, such as guaranteeing that your money will be doubled or tripled with no risk, it’s probably a Ponzi scheme. Knowing how to recognize different types of fraud is a key component to financial literacy. There are many types of investment scams, but one of the most famous is known as the Ponzi scheme.
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When it comes to saving, the way you choose to save will greatly influence your return on investment. Aggressive options may have the highest yield while posing the greatest risk of loss, where conservative saving options offer a slower, but risk-free return.
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When should you start thinking about your estate plan? According to many experts, the answer is as soon as you’re an adult. However, only 1 out of 4 adults has taken care of estate planning essentials like creating a will. If you’re not one of them, it’s time to start thinking about your estate plan.
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You’ve worked hard to earn your money, so naturally you want to grow your earnings and protect them when you can—particularly from bad economic news like a recession. Recessions are a normal part of the economic cycle. They happen when we experience two or more consecutive quarters of reduced overall economic activity. That reduction leads to job losses, home foreclosures, and a lot of uncertainty that can hit close to home, just like what happened during the Great Recession of only a decade ago.
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Cash gifts are the perfect solution for the ones on your list who have it all. More flexible than a gift card, giving cash allows the recipient to make the important decision of how to spend it. Generally regarded as last-minute or impersonal, cash gifts can be a welcome relief among closer, familial relationships. Everyone has an idea for what they would do with an unexpected check or winning lottery ticket, so why not give the freedom of choice?
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You want to enjoy your retirement. You’ve earned it! So, the last thing you want to do is worry about your finances. If you’re recently retired or soon will be, you want to make sure your money will last, especially during these uncertain times. Here are six keys to saving money and simplifying your finances in retirement.
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We have all heard it before—start saving now, so you can enjoy retirement on your terms. Unfortunately, if you’re like most 20-somethings, contributing to a retirement account is a task that tends to fall down your ever-growing list of to-dos.
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Saving for retirement is one of the most important things you’ll do with your money. But there are a lot of different ways to save for retirement. Choosing the best option can be confusing. If you’re looking for a simple solution that offers both steady earnings and protection for your funds, an IRA certificate could be right for you.
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Every January, people across the world set New Year’s resolutions — from saving money to losing 15 pounds, the start of a new year is a chance to plan for the future and reach new milestones. One resolution that should be at the top of your list? Retirement planning.
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