http://www.filamwords.com/investing-your-money-the-earlier-the-better/ Personal Finance, Bargains/Deals and My Misc Ramblings Fri, 21 Nov 2008 21:15:16 +0000 http://wordpress.org/?v=2.0.5 http://www.filamwords.com/investing-your-money-the-earlier-the-better/#comment-124 Fri, 22 Jun 2007 02:12:20 +0000 http://www.filamwords.com/investing-your-money-the-earlier-the-better/#comment-124 [...] 1.) Saving For Retirement: The Earlier, The Better [...] […] 1.) Saving For Retirement: The Earlier, The Better […]

]]> http://www.filamwords.com/investing-your-money-the-earlier-the-better/#comment-117 Tue, 19 Jun 2007 02:14:13 +0000 http://www.filamwords.com/investing-your-money-the-earlier-the-better/#comment-117 [...] Although anybody can open and benefit from a Roth IRA, the ones that would most benefit on this retirement vehicle, in my opinion, are people who are in their late teens or early twenties as this will provide them a huge head start on their retirement goals. Most individuals at this age bracket are still in school and are probably working menial jobs such as working in restaurants, delivery companies, or schools that don’t offer 401k retirement for part-time employees. An individual, sixteen years of age, can contribute only $4,000 per year in the next eight years and still get a very good nest egg come retirement time. See my post Saving For Retirement: The Earlier The Better for a clear explanation of how much the potential earnings would be. [...] […] Although anybody can open and benefit from a Roth IRA, the ones that would most benefit on this retirement vehicle, in my opinion, are people who are in their late teens or early twenties as this will provide them a huge head start on their retirement goals. Most individuals at this age bracket are still in school and are probably working menial jobs such as working in restaurants, delivery companies, or schools that don’t offer 401k retirement for part-time employees. An individual, sixteen years of age, can contribute only $4,000 per year in the next eight years and still get a very good nest egg come retirement time. See my post Saving For Retirement: The Earlier The Better for a clear explanation of how much the potential earnings would be. […]

]]> http://www.filamwords.com/investing-your-money-the-earlier-the-better/#comment-103 Tue, 12 Jun 2007 18:48:50 +0000 http://www.filamwords.com/investing-your-money-the-earlier-the-better/#comment-103 [...] 4.) Encourage your kids to work when they become eligible. So they can make the maximum contribution (whenever possible) to a Roth IRA. My previous article Saving for Retirement: the Earlier the Better, demonstrated why you should start saving for retirement as early as you can. The advantage of starting early is that it would give you an option to terminate your contributions early, if you wish to, so you can use the additional money towards your other financial goals. If the kids start saving at the age of 16, imagine how much money they can accumulate come retirement time? Remember the rule: the more time you have, the less money that you’ll contribute to achieve the same accumulated goal (assuming the rate of return is the same throughout) - KRG [...] […] 4.) Encourage your kids to work when they become eligible. So they can make the maximum contribution (whenever possible) to a Roth IRA. My previous article Saving for Retirement: the Earlier the Better, demonstrated why you should start saving for retirement as early as you can. The advantage of starting early is that it would give you an option to terminate your contributions early, if you wish to, so you can use the additional money towards your other financial goals. If the kids start saving at the age of 16, imagine how much money they can accumulate come retirement time? Remember the rule: the more time you have, the less money that you’ll contribute to achieve the same accumulated goal (assuming the rate of return is the same throughout) - KRG […]

]]> http://www.filamwords.com/investing-your-money-the-earlier-the-better/#comment-91 Tue, 05 Jun 2007 07:00:50 +0000 http://www.filamwords.com/investing-your-money-the-earlier-the-better/#comment-91 [...] The Carnival of Personal Finance #103 is up and this has one of my favorite theme: The 24 edition - based on the FOX series, obviously, 24. This one is hosted by Clever Dude and  I’ll tell you what, this is a hell of a work to come up with this idea and then organize all the articles around it! My article Saving for Retirement: The Earlier, The better was featured here and can be found on the 17th hour: 10:00 PM - 11:00 PM but somehow it was referred as better late than never when saving for retirement, just in case you’ll be looking for it. [...] […] The Carnival of Personal Finance #103 is up and this has one of my favorite theme: The 24 edition - based on the FOX series, obviously, 24. This one is hosted by Clever Dude and  I’ll tell you what, this is a hell of a work to come up with this idea and then organize all the articles around it! My article Saving for Retirement: The Earlier, The better was featured here and can be found on the 17th hour: 10:00 PM - 11:00 PM but somehow it was referred as better late than never when saving for retirement, just in case you’ll be looking for it. […]

]]> http://www.filamwords.com/investing-your-money-the-earlier-the-better/#comment-87 Mon, 04 Jun 2007 12:15:00 +0000 http://www.filamwords.com/investing-your-money-the-earlier-the-better/#comment-87 [...] Now that he has his own little place for now, he can get back to thinking about his investment portfolio. It’s been quite some time since he’s had to manage his own money. He’s let most of it up to the government and his wife, but the last few years have really been crazy. He’s worried he really needs to catch up, but better late than never when saving for retirement [Fil-am Personal Finance]. [...] […] Now that he has his own little place for now, he can get back to thinking about his investment portfolio. It’s been quite some time since he’s had to manage his own money. He’s let most of it up to the government and his wife, but the last few years have really been crazy. He’s worried he really needs to catch up, but better late than never when saving for retirement [Fil-am Personal Finance]. […]

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