Remove Definition Remove Retirement Planning Remove Risk Tolerance
article thumbnail

7 Things You Need to Know About a Simple IRA for 2023

Good Financial Cents

And how does it compare to the 401k and other retirement plans that exist? This is definitely a huge difference than the 401(k). Both you and any employees you have enjoy immediate vesting, not only of your own contributions to the plan, but also of matching contributions on the employer side. What is a Simple IRA?

article thumbnail

Roth IRA vs Traditional IRA: Understand the Difference

Good Financial Cents

While they do share some similarities, there are enough distinct differences between the two where they can just as easily qualify as completely separate and distinct retirement plans. Either plan is an excellent choice, particularly if you’re not covered by an employer-sponsored retirement plan. Not exactly.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Invest $200,000 and Generate a Solid Return

Good Financial Cents

When at the point of wondering how to invest $200,000, that’s definitely a good sign. Also, the brokerage account you open is considerably more liquid than any tax-advantaged retirement plan. The best place to invest 200k would depend on your individual goals and risk tolerance.

article thumbnail

Investing Money For Beginners: How To Start Investing Today!

Clever Girl Finance

Keep in mind, if your employer offers a free match on your investments , you definitely want to take advantage of this match. It can definitely teach you how to start investing in stocks, mutual funds, etc. Leverage tax-advantaged retirement savings accounts from your employer first. Prepare with your risk tolerance in mind.

article thumbnail

Investing Money For Beginners: How To Start Investing Today!

Clever Girl Finance

Keep in mind, if your employer offers a free match on your investments , you definitely want to take advantage of this match ASAP. Using one can definitely give you a bit of a shortcut as you learn how to start investing money for beginners. It is important to understand your risk tolerance and consider that as you invest your money.

article thumbnail

Ten Steps To Creating A Solid Financial Plan For Yourself

Clever Girl Finance

Think about the reason for the investment, when you'll need the money, and what your risk tolerance is. You'll need to determine how much you are going to need to retire , of course taking inflation into consideration with your retirement income, and how you plan to save and invest in advance for that period of your life.

article thumbnail

Empower (formerly Personal Capital) Review – Managing All Your Investments in One Place

Good Financial Cents

Like other similar products, they first determine your risk tolerance, personal preferences, and investment goals. Personal Capital’s Retirement Planner allows you to run numbers on your retirement to make sure that you will be prepared when the time comes.