December 19, 2014

The Most Important Question To Ask Your Financial Advisor



"Whether you already have a financial advisor or are now looking to hire one, you want someone who has your best financial interest at heart. That means that when she is helping you direct your money and advising you on financial goals, she’s not just selling you products that she will be making money on, while you shell out more than need be." This article by Laura Shin may help you understand the complexities of how the financial industry works:
It is the most thorough and understandable explanation I’ve read and should be read by everyone who buys investment or advice from a financial salesperson/adviser/planner.

New US Treasury bond for myRA Retirement Accounts

For conservative retirement savers/investors, a new savings bond is available only to participants in the myRA retirement savings program. "The bonds are designed to protect the principal contributed while earning interest at a rate previously available only to federal employees invested in the Government Securities Investment Fund (G Fund) of the Thrift Savings Plan." Details at: http://www.planadviser.com/NewsArticle.aspx?id=10737424942&p=1

December 18, 2014

Start saving for retirement with myRA





myRA is a retirement savings account for individuals looking for a simple, safe and affordable way to save for their retirement. There will be no fees to open and maintain a myRA and the account will never lose value. The investment will be backed by the United States Treasury. For additional information visit Treasury’s website: www.myra.treasury.gov and questions can be directed to their email account: myRA@treasury.gov. Federal employees that are eligible to participate in the Thrift Savings Plan are not eligible to participate in MyRA.
You will be able to learn valuable information about myRA .
1) Why was myRA developed?
2) Who is myRA for?
3) How does myRA work?
4) How do employers participate?
5) How do individuals get started? And more….

Retirement: Secure Your Future website



Retirement: Secure Your Future is a new/updated set of materials from Iowa State University Extension and Outreach, available at http://www.extension.iastate.edu/humansciences/retirement
The materials include 16 publications designed to address retirement issues faced by adults of various ages. In addition to updated versions of previous materials, the series includes five new titles focusing on retirement transition issues: Strategies for Retirement Income, Social Security, Required Minimum Distributions, Income Annuities, and Legal Issues in Later Life.
The Retirement: Secure Your Future website includes recorded learning modules averaging ten minutes or less on selected topics. Three modules are currently posted – more will be added in coming months.
Financial Planning for Women does not sell, rent, loan, lease or otherwise provide any personal information collected at our site to any third parties.