The following post is by staff writer Teacher Man, who writes at My University Money. The financial industry makes a mint of throwing buzzwords as people that are financially illiterate. How many times do we see financial planners throw around the term “diversification” as if it were not merely one of the Ten Commandments, but first… [Read More]
Reader Question: Helping a Mother Save for Retirement
I recently received a question from Rachel, a reader here at Invest It Wisely, and with her permission I am publishing the question here so we can get feedback from fellow readers and bloggers. Rachel is concerned about her mom’s retirement. Her mother is self-employed and has no other relatives to lean on other than… [Read More]
I Didn’t Know Squat About Finances when I Was in College
Roshawn Watson recently wrote a very interesting post on why young people are avoiding investing their money in record numbers. He outlines three main reasons: fear, ignorance, and inexperience. As a (still) young person, myself, I can relate to all three of these reasons. In my own experience, ignorance has been the predominant reason why I… [Read More]
Why You Need To Pay Attention To The Fees You Are Paying On Your Retirement Investments
The following is a guest post by Chris Holdheide. Back a few years ago while working in financial services, one of my jobs was to help people plan for their retirement. As a part of that job I was also required to provide a prospectus, which is a document that explains everything about the fund they… [Read More]