What You Need to Know About Life Insurance

Many people have probably seen the Gerber baby commercial telling parents what a good “investment” their whole life policy for babies is. First of all, life insurance is not meant to be an investment, and secondly, why would a baby/child even need life insurance? Life insurance is meant to replace the income of the insured person in case they die in order to take care … Continue reading What You Need to Know About Life Insurance

Mutual Funds

What exactly is a mutual fund? A mutual fund is a fund that is operated by an investment company that raises money from shareholders and invests it in stocks, bonds, options, futures, currencies, or money market securities. These funds offer investors the advantages of diversification and professional management. A management fee is charged for these services. This can range from 0.5% – 2% of assets … Continue reading Mutual Funds

The Magic of Compound Interest

Albert Einstein said, “Compound interest is the eighth wonder of the world”.  The earlier you start saving, the more time your investment will have to grow, allowing the interest to compound over time. At 20 years old, if you maximize your contributions to a Roth IRA every year ($5,500), assuming an 8% return, by the age of 60 you would have $1.4 Million dollars. Yes MILLION. … Continue reading The Magic of Compound Interest