Tag: investing

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

January 2017

Catch-Up Retirement Planning

A recent article stated that baby boomers and younger generations face a “perfect storm” of retirement planning challenges: a financial squeeze on Social Security, pension plan underfunding, and inadequate savings-and often high expenses-in 401(k)s and similar defined contribution plans. What to do? For many people, the answer is catch-up retirement planning.

 

Even people in their 50s with little or nothing invested have opportunities …

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

June 2016

Tips for Keeping Spending Plan Record

Want to be a successful investor? Start by managing your cash flow. A spending plan (a.k.a., budget) is a plan for spending and saving your income.  Two keys to developing a successful spending plan are using realistic figures for each expense category (e.g., food) and an easily manageable record-keeping system. 

 

Looking for an easy way to manage your finances?  Below …

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

October 2016

Seven Side Effects of Saving and Investing

 

An important result of saving and investing is having a sum of money available to use for emergencies or to fund future financial goals such as a vacation, new car, or retirement. With savings also comes peace of mind in knowing that you’re not on the “financial edge” with little or no money in reseve to handle negative life …

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

October 2016

Seven Side Effects of Saving and Investing

 

An important result of saving and investing is having a sum of money available to use for emergencies or to fund future financial goals such as a vacation, new car, or retirement. With savings also comes peace of mind in knowing that you’re not on the “financial edge” with little or no money in reseve to handle negative life …

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

November 2016

Diversification and Dollar-Cost Averaging: The Basics

Two time-tested investment strategies are diversification and dollar-cost averaging. Diversification means spreading your money among different types of investments (e.g., stocks, bonds, and cash equivalent assets such as CDs and money market funds) to reduce the risk of loss from a decline in any one investment. 

 

There are a number of ways to diversify investments. Below are six frequently used …

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

December 2016

Building Wealth: Strategies That Work

Most investors want to grow wealthy over time and have a comfortable lifestyle in later life. Investing can help get them there. Most people do not become wealthy from their earnings alone but, rather, by investing a portion of their income and letting it grow for several decades.

 

The goal of investing is to set aside money today with the goal …

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

Eight Tips to Avoid Money Squabbles

 

June is a month when many weddings occur. Unfortunately, many marriages eventually end in divorce (see http://magazine.foxnews.com/love/whats-divorce-rate for a thorough discussion of the U.S. divorce rate). Money and lack of communication about money-related issues (e.g., spending, use of credit, and investing) are said to be among the leading causes of disagreement among spouses which can lead to subsequent uncoupling.

 

Want to avoid …