5 Ways To Invest Money

In short: Where should I place my money on the market

There are many bad ways to invest your money. We can not return to this in detail, but I will give you a list, which injured many people. The worst offenders are companies that the sale of life insurance and pensions, not buy these. Life insurance is not a health insurance. The next worst are the investment savings account with the banks, brokerage firms, brokers medium and small-caps.

Rule No. 1

Most people, when they are in retirement, most have their net-bound in their own house. This is the first and most important way to spend your money to invest is to buy your own house. If you already buy a house, a multi-family house. It is realistic that most people have more houses can be freely throughout the life of a disciplined effort.

Rule No. 2

If the retiring its next biggest source of money is either a 401k, 403b, go out, and even pensions (which are not so large). At the end of the line, it is at least 10% of gross salary into a 401k, 403b or the IRA. Look at the taxes, because it is not always better to your interests, up to 401k. Sometimes it is better to use a combination of the IRA and 401k.

Rule No. 3

A good health insurance. Better yet, stay healthy. The cost of health care are ridiculously high. Most people spend a large part of their savings, pensions, on health care. An operation can return a hundred thousand dollars or more. Many people who simply enough, are poor people with health problems. In some cases, Medicare will force to sell your house and give them the money, or you can not receive treatment.

My grandmother was a teacher in the first year of his life. In retirement, it has broken hip. The medical costs are to 100k. The insurance does not cover many of the costs. It was rejected because the treatment of insurance (Medicaid) said that its time for the recovery is too long. The moral of this story is a supplementary insurance.

Rule No. 4

Open an account at a discount brokerage firm. You have broker to help you with financial products. Some of these discount brokers are available 24 hours a day. They do not make recommendations, but can explain the products quite well. The taxes, it will be much less than full-service brokers. It is there you have access to the retirement calculator, investment in research, IRAS, investment funds and many other things. If you are new to investing, you can learn a lot to read the articles on one of these areas.

Rule No. 5: Rule 90%

If you own your own house and the 10% of gross income in your retirement, we found that 90% of people have enough money to make ends meet. The biggest unknown factor in this case, the medical bills. The medical problems, more poor people than all the others.