Employer Retirement Plans: Two Basic Types

There are two basic types of retirement plans typically offered by employers – defined benefit plans and defined contribution plans. Defined Benefit Plans In a defined benefit plan, the employer establishes and maintains a pension that provides a benefit to …

U.S. Savings Bonds

Savings bonds are securities issued by the U.S. Treasury Department. They provide funding dollars for the U.S. government, and in return for using your money, the government pays you interest. Here are some key features of savings bonds: Savings bonds …

I -Bonds

Savings Bonds are often considered a safe and trustworthy investment because the U.S. government backs them. There are different types of savings bonds, the most recent and one of the most popular types being the I Bond.  A key feature …

Mutual Funds – The Basics

Mutual funds are investments that pool together the money of thousands of small investors and invest this money in stocks, bonds and/or other securities.  Instead of purchasing a particular stock, you purchase shares in a whole group of stocks. A …

Benefits Checklist: Questions to Ask Your Employer

Employers offer a wide range of benefits. Some of benefits will require deductions from your current paycheck and some will affect your future paycheck. Ask your employer or the human resources manager to explain the benefits available. Health Coverage Find …

Mutual Fund Fees and Expenses

Why is it important to pay attention to mutual fun expenses? All mutual funds charge you some fees to cover on-going expenses, but the amount of the fees varies among funds. These expenses will cut into the amount of money …

Financial Planner Alert

Looking for a Financial Advisor? Do your homework first. The key to choosing a planner is knowing what services they provide and what services you need.  You should know exactly what services you are getting, how much they will cost, …

How to Find a Financial Planner

“Neither my spouse nor I know anything about investing. Who do you go to for advice?” Many people learn about financial planning by reading. They cull through the financial pages in newspapers or online and read financial magazines and books. …

Retirement Readiness Checklist

Answer these six questions to see if you are ready to retire! Yes  No Have you considered what annual income you will need in retirement? Women should consider replacing 100% of their pre-retirement income instead of the 60-85% of income …