(Cash Plus Money Loan) Personal finance chat with Dan Galli - Boston Globe
Also, money in long term retirement accounts should be put to work, meaning that money market investments may not provide any amount of real growth. Jeff, if an employer based retirement savings plan isn’t available, I suggest you use a personal retirement savings plan like a traditional IRA or a Roth IRA. If your investment goal is long term, I would stay course with a mix of stocks and bonds; bonds to provide income and help offset volalility and stocks to provide for potential for real growth. Hi there - my question is, say an individual has no 401k or equivalent program at work, has maxed out IRA contributions - what are the remaining tax sheltered ways to save for retirement and if there arent any obvious candidates, what non tax sheltered invest,ment would you recommend looking at next? Three years later, when the need for income is there, depending on market conditions, you can withdraw from the cash account (if the market is down) or from the stock based accounts (if the market is up). Find Out More
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