Where’s the Best Place to Keep Your Savings?

11936So, you’ve set up an automatic savings program and you’re finally building up that emergency fund, but where should you keep your savings so that it earns the most interest for you? Luckily, there are many different savings vehicles available, but not all of them are appropriate for every situation. Continue reading Where’s the Best Place to Keep Your Savings?

4 Steps To Take If You Are Forced Into Early Retirement

Smiling senior couple at breakfast table

Every year, there are many retirees that are forced into an early retirement.  In fact, according to the Employee Benefit Research Institute, almost half of retirees enter retirement earlier than they planned.  Of those early retirees, only a quarter of them choose to retire early willingly.  The same research also indicated that the most common and uncontrollable situations that can force a person to retire early are poor health, having to take care of family member, or a job lay-off. Continue reading 4 Steps To Take If You Are Forced Into Early Retirement

How Much Money Do You Need In Your Emergency Fund?

Savings in jar
Savings in jar

One of the most basic and important fundamentals of every solid financial plan is to have an emergency fund.  Your emergency fund is protection against life’s unexpected events, whether it be a job loss, illness, major home repair, or any other event that strains cash resources.  Your emergency fund should consist of completely liquid assets, cash, or cash equivalents.  You’ll want to keep these funds in a place where you have immediate access to it. Continue reading How Much Money Do You Need In Your Emergency Fund?

What’s the Difference Between Full-Service and Discount Stock Brokers?

522359923When you’re choosing a broker for your investments, you’ll need to decide whether to get a full-service broker or adiscount broker. Therefore, it’s important to know the difference between the two types. Continue reading What’s the Difference Between Full-Service and Discount Stock Brokers?

Your 7-Step Guide to Making a Personal Budget

images (3)A personal or household budget is an itemized summary of expected income and expenses for a defined period of time, most frequently one month. While the word budget has negatively become synonymous with restricted spending just asdiet has become synonymous with restricted eating, a budget should really mean more efficient spending. A budget will show you how much money you expect to bring in against all of your expenditures from the required expenses like house payments and rent to discretionary spending like entertainment. Continue reading Your 7-Step Guide to Making a Personal Budget