How can I plan for college tuition?What does asset allocation mean?What is the difference between a retirement plan and investing?What are the key pieces to a retirement plan?
You can open a fund specific for college funding which allows you to set aside funds for future use in paying educational expenses. The money is usually invested in mutual funds and grows on a tax free basis.Read more
Asset allocation is a term used to refer to how an investor distributes his or her investments among various vehicles (stocks, bonds, mutual funds).Read more
A retirement plan refers to the arrangements you make during your life time to plan for a steady income during your retirement. Investing can be part of that retirement plan, and is a term relating to saving and earning additional income usually through purchasing assets (stocks, bonds and mutual funds), in hopes of getting a…Read more
The first piece is to finding the person you are comfortable with who can help you develop your financial strategies and determine what is appropriate for you given factors such as your age, and appetite for risk. You then need to look at several key parts of your plan to protect your life, your investments,…Read more