Retirement Planning Research Paper

-The advice about investing in the stock market that I found most interesting was that the longer you hold your investments, the greater the probability is of them working.

Investing behavior should be driven by information, analysis, and self-discipline, not by emotion or ‘hunch.’

Although finance is a world within its own it is still very important to know the most basic way to manage your money or even knowing how invest your money.

The term 401 (k) is one that is heard quite often in today's. Most people know that it has something to do with retirement, but few young people know exactly how 401 (k) plans work or why they are becoming more and more popular. Additionally, many people who have 401 (k) plans may not know all the details of how they work, how to get the most out of their plan, and how to keep their money safe. In reality, everyone in the business world should be aware of the details and advantages of having and managing a 401 (k) type savings plan, as it is becoming one of the most popular ways to save for retirement in the United States and many other countries.

Before starting, let’s understand one thing. The amount you have in your retirement fund right now has nothing to do with how much will be there when you retire. Just because you are making poor quality contributions now means nothing, you may become very rich next year and start topping up your 401K like a member of the Hollywood elite.

There are many different ways to save money and there are different things to save for. A savings plan for an immediate want is apparently different than a savings strategy for retirement. One may choose to select stocks, bonds, or mutual funds for a savings strategy, however, my personal choice is to invest in bonds first, then mutual funds.

Most would stick to the basic 401k retirement plan which would be the extent of their investments. Saving money is important once income is starting to be earned yet investing money can be a scary thought but in reality, it is fairly painless. We do not want to be in our forties and realize investing and saving now will help in the future. Yes, there still will be another 20 years of working but imagine if we all started at the age of our 20s. There would be an extra 20 years added to our retirement or better yet, if we were smart with our investments, then we could retire much earlier than expected. Let’s say for instance that we invest about $10 a week with an average 8% percent return. Within a year, we would have $562. Within 5 years, we would have $3,295. Within 10 years, we would have $8,136. It is only investing $10 a week but if we were to invest more imagine the outcome for the return. Investment is one of the most, if not the most, effective way to get rich. 401k retirement plan is the most common way to retire. Start contributing at the age of 25 to be able to take out money at age of 60. If we were to contribute about $5,000 a year without employer match then it could lead up to close to million dollars. Yet if the employer was able to match it $1 for $1, then it will come close to 2 million dollars. That is a huge difference and one of the best ways to retire. Only

Why do anything at all if you're not going to do it right? The same goes for investing. Take the time to learn all about the process. Learn how to evaluate different stocks, diversify your portfolio and take on the right amount of risk. Put in the effort and you'll see the results.

When people are asked how people will plan or rethink for retirement, the first thing that people will think about, is saving. There are some positive ways to save money, the author suggests to the readers to sign up for 401(k) plan. It is a plan help employees save for retirement, 401(k) should allow anyone to build up a nice nest egg. For example, “In Dave Ramsey’s The Total Money Makeover, for instance, he gives us “Joe and Suzy Average” who invest $7,500 per year ($625 per month) using their tax-free retirement account. They do this from age 30 to 70, getting 12 percent interest per year. At the end, they have $7,588,545 to their names.” When people invest in 401(k) plan, it is safer and more money in retirement and it also has a benefit that you don’t need to pay for tax when you take the money out. Beside 401(k), people prefer to invest money in the stock market for retirement-plan. According to author “ During a recent 40- year period,

2. If you “forget” about the percentage of your check that is going into the 401K and structure your budget on the remaining amount you will find saving easy and rewarding.

Most of us get our financial cues from the media or an advisor if we are lucky to have one. Our understanding of financial information for our specific investments is most times limited to the information sent to us by our employers.

The message Apollo is conveying to Rocky (in Rocky 3) applies to investing too. If you have not started, what are you waiting for? In case you have not seen the movie, Rocky becomes a complacent and overconfident champion, and gets beaten badly. He desperately needs to get “the eye of the tiger” back, yet he ignores expert advice. It is super easy to set a deadline and then push it further into the

You have to remember that investing is not an end, it is a means to an end, so your first step is to figure out why you are trying to both save your money and grow your money. If you are simply trying to build wealth, then you at least need a goal, you are indefinitely denying yourself money that you could otherwise be spending.

There's a big difference between wanting to start investing your money and actually being realistically able to. While most people would love to be a part of the world of investing, for one reason or another, they're simply not able to. If you've reached the point where you think you're ready, consider the following information, which can help you carve a successful path into your investment prospects.

     As and investor, you are overwhelmed with advice in newspapers, magazines, and mailings discussing what to invest in for a successful retirement nest egg, when to start saving for retirement and who to invest with. There are millions of people who realize that an investment portfolio for retirement is necessary, but do they really understand the investment instruments and the amount they must invest for tomorrow? The subject of retirement is a fascinating area but it also could be a fuzzy subject without the correct amount of knowledge, understanding and professional guidance. The number one question of concern for individuals facing retirement issues is whether or not they