In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.
Individual stocks or equities are an advanced way to build wealth. Most investors begin with a mutual fund in a retirement plan at work, or by contributing to an individual retirement account (IRA). Mutual funds are generally made up of individual holdings in stocks and/or bonds. These funds are usually managed by professional money managers who select how much of a stock or bond the investor should hold in the fund. These options are often a solid basis for beginners and less experienced investors as they take the guesswork out of investing.
If you’re changing jobs or are retiring, you’re probably wondering what to do about your employer-sponsored retirement plan, whether it’s a 401(k), a 403(b), or a 457 plan. Should you leave it where it is, roll it into a plan sponsored by your new employer, or roll it over to a self-directed IRA? Each person’s situation is different, but here are some basic considerations to keep in mind as you determine what to do with your investments.
In January, the Setting Every Community up for Retirement Enhancement Act of 2019 was enacted. The ACT, which is referred to as the SECURE Act, should help Americans take greater control over their retirement funds. The Act describes about 25 provisions, so we will focus on the key changes that will likely have the greatest impact.
Most people have heard of mutual funds, but many don’t know what they are. In this article, I’m going to break down mutual funds into their basic building blocks so you can understand what they are and begin to determine whether you should invest in one.
Sign up for our blog and get Six Tips for Improving Your Credit Score free!