Back in the 1990s, we had an anomaly. It's not going to happen again. |
I don't care when you retire. Your money can never retire. |
I like to call it paying yourself first. It means putting yourself as a priority. |
It is important to keep in mind that great risk exposure does not automatically guarantee greater rewards. |
It isn't always about the numbers. |
It really changes your entire perspective when you go through an inheritance. |
It's difficult to make any financial decision when you're dealing with goals that are not quantified. |
Now you can narrow the market. |
One rule of thumb to keep in mind is that any monies for short-term goals such as this home purchase should not be invested in the stock market. Market volatility could present problems if you do not have a longer time horizon for such investments. |
One size doesn't fit all. |
Someone is giving you free money. Even if you're afraid of the market, there are plenty of low-risk options. Just make sure you contribute enough to at least get that match. |
That was a thing we were getting away from when the equity markets were on a tear. Everybody thought you were a fool to get into anything else. |
The economy has changed. We're going to be facing more volatility in the job arena. That can wipe you out in a heartbeat. |
The first tenet is an emergency fund. Even before you save for retirement that needs to be put in place. |
The key to keep in mind with IRAs is you're taking a long-term horizon. You've got to go in thinking there's going to be ups and there's going to be downs. |