In the first week of August, gold was trading above $2,000 for the first time in history. Citi economists predict that gold could reach $2,300 in next six to twelve months, while Bank of America predicts the gold could reach $3,000 over the next 18 months! According to this CNBC […]
» Read more
As you know, the majority of securities held in a Tax-Exempt Bond fund are municipal bonds issued by state and local governments. For instance, at least 75% of the securities held by Vanguard Intermediate Tax-Exempt Bond Fund (VWITX) are municipal bonds. High unemployment, loss of tourism, collapse of oil and […]
» Read more
In this post, I will be demonstrating how the process of saving for retirement is analogous to the engineering equation! As with any engineering analysis, firstly, we will start with a problem statement. Secondly, we will review variables. And finally, we will review the end result. Problem Statement So here […]
» Read more
Do you know that the national average retirement savings balance for all ages is $95,600 according to Fidelity? If you review the data further, the average retirement savings balance is $160,000 for age groups 50 to 59 and $182,100 for age groups 60 to 69. These average retirement savings may […]
» Read more
Your retirement savings has potential to grow from $417 to $2.8 million over 40 years with consistent investing from every paycheck! Yes, it is possible! How? Read on! After you decide how much to contribute in a 401(k) and/or Roth IRA, it’s time to decide where to invest your retirement […]
» Read more
One of the best places to invest your savings from your first paycheck is the retirement accounts: a 401(k) and Roth IRA. Why? Because investing $10,000 per year in your retirement accounts starting in your 20s will make you a millionaire in your 60s! What are 401(k) and Roth IRA? […]
» Read more
When I talk to younger colleagues at work, the question “enjoy now or save for retirement” often comes up. When we hear about planning for retirement in our 20s most of us cringe. We immediately think about the frugality required to save for an unknown future which is decades away. […]
» Read more
Risk tolerance is defined as “an individual’s willingness to take risk when a possible outcome is negative”, according to the CFA Institute Research Foundation. In other words, risk tolerance is the willingness to accept negative outcomes in pursuit of favorable rewards in the future. The investment time horizon is one […]
» Read more
All investments are associated with Risk. Even the safest investments such as the U.S. Treasury securities issued by the US Department of Treasury and Certificate of Deposits (CDs) issued by FDIC-insured banks or credit unions are associated with risk, Inflation Risk. What is Inflation? Inflation indicates a decrease in the […]
» Read more
How many times have you heard the statement, “live below your means” or “Spend less than you take home”? The concept is simple enough although It will take discipline and planning to implement it. You will need to know your estimated expenses to develop the budget on a paper. However, […]
» Read more