Financial Resource: Beginner Investing to Financial Independence!

A financial education blog to share experiences on 401K, assets, budgeting, cashflow, early retirement, finance, financial freedom, investing, money management and retirement planning using posts, podcasts and video.

Archive for the 'Retirement Planning' Category

Wealth and Prosperity through Character Development

May 7th, 2008 by Mind Treasures

Do you think your character has any relationship with your finances?

Are you Purposeful (goals & objectives)? Are you Patient (saving)? Are you Responsible (borrowing)? Are you Moderate (balance & budgeting)? Are you Selfless (retirement)? Are you Reliable (credit)? Are you Courageous (business & investing)? Are you Punctual? (35% of U.S. FICO is based on this character) and the list goes on.

True Wealth & Prosperity can only be achieved by discovering and developing one’s hidden treasures:

“Regard man as a mine rich in gems of inestimable value. Education can, alone, cause it to reveal its treasures, and enable mankind to benefit therefrom.”

Of course development of hidden potentials (virtues) must be complemented with learning and implementing various elements of local economy in daily financial activities.

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Category: 401(k), Bonds, Business, Environment, Financial Markets, Financial Planning, General, Investing, Mortgages, Real Estate, Retirement Planning, Spending, Stocks, Tax, World, financial education | No Comments »

FR3 | Retirement Planning - Audiobook / Books on Tape - Free Download Part 2

April 6th, 2008 by Your Financial Resource

 
icon for podpress  Retirement Planning FREE Books on Tape - Part 2 [24:25m]: Play Now | Play in Popup | Download
  

This is the continuation of our FREE Audiobooks / Books on Tape downloads on the book Retirement Planning. We know our listener’s time is valuable and many of you have busy schedules. Therefore we have endeavoured to put this book on a series of podcasts or a FREE audiobook / book on tape so that you play it now by clicking the play button above this post (turn up your speakers) or download them to your iTunes and iPod to listen while running or working out later. To subscribe to the podcast and download into iTunes, click here.

In this Podcast, the following topics are covered:

A.  What will it cost to be retired in the future?

At a minimum, you want to:  Decide on the annual income you desire in today’s dollars; Pick a retirement date; Determine your lifetime average inflation rate; Determine the average rate of return you expect on your investments before and after retirement; Determine the current market value of all your investments to include regular accounts, IRAs, and company tax-deferred savings plans like 401(k) plans; Obtain an estimate of any company-provided pension benefit; Obtain an estimate of future Social Security benefits; and Armed with this data, you can determine the annual savings required for you to enjoy the good life. 

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Category: Audiobook, Downloads, Financial Planning, General, Podcast, Retirement Planning, books on tape, eBook | No Comments »

What do you need to know before opening an online stock trading account

April 3rd, 2008 by Wealth Builder

Couple weeks back, I wrote about stock investing tips and one of my final tips discussed using an online stock brokerage account once you get familiar with stock trading and have some experience behind you. To continue that topic, it would be helpful to know what features to look for in an online broker, as there are many options out there.

Whether you are a novice or seasoned veteran to online stock trading, here are some important features and points to keep in mind when you open an online stock trading account.

What trading tools do you need to conduct your research? Company historicals, independent market research, real time quotes, SEC reports, etc. Check to see what trading tools are provided by the broker, both free and premium tools, which may cost you.

What types of online trading are you planning to do, stocks, mutual funds, bonds, ETFs, retirement accounts, IRAs, etc.? Are these investments offered by the broker? What are the respective fees for each of these investments?

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Category: Bonds, Financial Markets, Investing, Retirement Planning, Stocks | No Comments »

FR2 | Retirement Planning - Audiobook / Books on Tape - Free Download Part 1

March 24th, 2008 by Your Financial Resource

 
icon for podpress  Retirement Planning FREE Books on Tape - Part 1 [14:45m]: Play Now | Play in Popup | Download
 

This is the first of many FREE Audiobooks / Books on Tape downloads on the book Retirement Planning. We know our listener’s time is valuable and many of you have busy schedules. Therefore we have endeavoured to put this book on a series of podcasts or a FREE audiobook / book on tape so that you play it now by clicking the play button above this post (turn up your speakers) or download them to your iTunes and iPod to listen while running or working out later. To subscribe to the podcast and download into iTunes, click here.

In this Podcast, the following topics are covered:

Introduction: When is the right time to start planning for retirement? In your 20’s, 30’s or 50’s? How about early retirement? Isn’t that what we all want.

Should you retire: Is it too late to plan for retirement? Can you still work during retirement? Is Social Security and Medicare enough to cover all your expenses and still live comfortably? These and many basic questions regarding retirement are addressed.
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Category: Audiobook, Downloads, Financial Planning, Podcast, Retirement Planning, books on tape, eBook | No Comments »

10 Money Saving Tips

March 20th, 2008 by Money Manager

Here are my weekly money savings tips:

1. Maintain a good credit score! It will save you thousands of dollars in the short and long term when you need to borrow money to buy a car or a home. Creditors will give you an interest rate and the loan amount based on your income and credit score.

2. Large sums of money should NEVER be left in a checking account or even a low-interest bank savings account. Rather, put the money into a high interest savings account (like an ING savings), money market fund, or other forms of short term high interest investments with a fixed return.

3. If you have an employer matching 401K plan, maximize your contributions, so that you double your money!

4. Set aside 10% of your paycheck towards some form of long term savings account, like a money market account, mutual fund, retirement plan, or 401K.  As you pay amount increases, your contribution will also increase automatically. 10% will also ensure that you stay ahead of inflation.

5. One of the best investments you can make is to first pay off all your high credit card debts. Credit cards typically carry a high interest rate and by paying off these debts, you get one of the best returns available which also is tax-free.

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Category: 401(k), Financial Markets, Financial Planning, Investing, Real Estate, Retirement Planning, Spending, Stocks | 1 Comment »

Retirement Planning: The Ultimate Guide with Tips & Tools for Your Rich Future

March 13th, 2008 by Your Financial Resource

So you have a job and you make money. Is it enough to cover all your expenses? Is it enough to put aside some money towards your retirement? What about those credit card debts, home mortgages, and travel expenses coming up? What about starting a family, paying for your children’s education? Have you already started planning for retirement? What steps have you taken?  Perhaps you have consulted with retirement planning services and professionals or found some online sources for financial planning software and retirement planning tools.

Ok, so we have raised a number of questions and hopefully sparked some ideas and thoughts in your mind. Our last podcast introduced the topic of financial freedom and how the resources learned from our community can be shared with our listeners. The ultimate goal being that we can use this information to achieve financial success in our lives. Read the rest of this entry »

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Category: Financial Planning, General, Investing, Retirement Planning, eBook | 1 Comment »