When it comes to saving for retirement should you fund your 401(k) or IRA first? Here are ten questions to ask that can help you make your decision.
1. Do you get an employer match?
The first question you want to ask is, does your employer match funds. It’s free money, so you don’t want to give
Continue reading Where to Save for Retirement First – an IRA or 401(k)?
The terrain: Prosperity Quadrant II (positive cash flow; negative net worth).
The trek: To build net worth.
This activity on the trek: Explore how to save from income.
Difficulty rating: Easy
This portion of the trek has activities to save from income.
Activities to Save From Income
get the 401(k) match from your employer
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
The trek: To use prosperity to enjoy life and give back.
This activity on the trek: Buy long-term care insurance to protect net worth.
Difficulty rating: Moderate
It’s not going to do you much good to build up your wealth if you let it slip through your fingers.
Continue reading Enrichment and Fulfillment: Protect: Long-Term Care Insurance
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
The trek: To improve cash flow and use net worth to supplement income..
This activity on the trek: Buy long-term care insurance to protect net worth.
Difficulty rating: Moderate
It’s not going to do you much good to build up your wealth if you let it slip through
Continue reading Special Situations: Protect: Long-Term Care Insurance
The terrain: Prosperity Quadrant III (positive cash flow; positive net worth).
The trek: To build wealth and use prosperity to enjoy life and give back.
This activity on the trek: Buy long-term care insurance to protect net worth.
Difficulty rating: Moderate
It’s not going to do you much good to build up your wealth if you let it slip
Continue reading Wealth and Prosperity: Protect: Long-Term Care Insurance
The terrain: Prosperity Quadrant II (positive cash flow; negative net worth).
The trek: To build net worth.
This activity on the trek: Buy long-term care insurance to protect net worth.
Difficulty rating: Moderate
It’s not going to do you much good to build up your wealth if you let it slip through your fingers. Any number of catastrophes can
Continue reading Net Worth: Protect: Long-Term Care Insurance
The activity: Buy long-term care insurance to protect net worth.
The trek: Improve cash flow.
The terrain: Prosperity Quadrant I (negative cash flow; negative net worth).
Difficulty rating: Moderate
It’s not going to do you much good to build up your wealth if you let it slip through your fingers. Any number of catastrophes can occur along the way.
One
Continue reading Cash Flow: Protect: Long-Term Care Insurance
There are two reasons for having some of your investment portfolio money in a money market fund.
Asset Allocation
One reason for having some of your investment funds in a money market fund is to hedge against declines in other asset classes. For example, if you thought there was a high probability of a stock market decline
Continue reading Trek III: Money Market Investing