Archive for the ‘How To Boost Your Savings’ Category
Friday, December 26th, 2008
The following table summarizes the important features of the most common tax-deferred retirement accounts. I really hope this will be of big help for you. Except for nondeductible and Roth IRAs and deferred compensation plans, all allow a tax break or its equivalent for your contributions as well as your ...
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Sunday, December 14th, 2008
Here are the other ways to save money.
2.Skip one big expense a year. You might be able to realize some meaty savings simply by skipping your winter vacation, trading in your turbocharged sports car for an econo-box, or ditching your chichi health club membership and switching to the YMCA.
3.Hold ...
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Wednesday, December 10th, 2008
One of the most effective ways to boost your savings is simply to cut your spending –and the topics here are loaded with ideas for ways to do that. Foe example, you may be able to free up some savings by raising the deductibles on your auto insurance policies, choosing ...
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Sunday, December 7th, 2008
Intermediate –term mortgage –backed securities are kind of a cousin to U.S. Treasury notes and short-term bonds. When you buy these bonds, you’re owning part of a package of mortgage loans. The bonds are usually issued or guaranteed by government agencies such as the Government National Mortgage Association (known as ...
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Saturday, December 6th, 2008
With a number of years to go before you need to get your hands on your savings, you can be a bit bolder. That means investing in longer-term Treasuries, bond funds, or even stocks, where you put your principal on the line. You can earn handsome returns for your valor, ...
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Thursday, December 4th, 2008
Because some time will pass before you’ll need your stash, you can afford to subject your savings to slightly more risk in order to get beefier returns. For example, if you want a federally insured bank CD, you could get one that matures in up to three years. Other choices:
Take ...
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Wednesday, December 3rd, 2008
Another popular short-term savings alternative is U.S. Treasury Bills. T-bills are issued and backed by the U.S. government and are always sold at a discount. That means you purchase then for an amount less than their face value. They come in maturities for three, six, or 12 months and with ...
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Monday, December 1st, 2008
If you’re willing to tie up your money for a few months or years in exchange for a higher yield, then you want a short-term certificate of deposit (CD). CDs are simply deposits that you agree to keep at a bank or S&L for a certain time period in exchange ...
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Saturday, November 29th, 2008
When choosing a money fund, do your best to avoid any that own complex derivatives. It’s up to you to watch out for potential land minus. One red flag: If your money-market fund is yielding a quarter of one percentage point more than its competitors holding similar investments and its ...
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Sunday, November 23rd, 2008
Now for the movement of truth: Add up all of the amounts in column 9 to figure out the total amount you need to set aside each month to meet your goals. You can the multiply by 12 to find the total amount you need to save each year.
INFLATION ADJUSTMENTS ...
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