Target-date funds offer a simple way for investors to allocate investment dollars for the long run, but as with everything, the devil is in the details. Several financial advisors offered their thoughts to CNBC on the pros and cons ofusing these types of funds within 401(k) plans. Pros "...
Similarly, if you have a tropical vacation in mind for next summer, then now is the time to start saving. Sometimes, these budgeting categories are called “sinking funds”. Essentially, this is a savings account where you set aside money each month for a one-time or irregular expense. Did...
Short-term goals are those less than five years in the future. With a short-term horizon, if a drop in the market occurs, the date on which the money is needed may be too close for the portfolio to recover from a market drop. Holding funds in cash or liquid vehicles is likely the ...
The key for Martin was that he thought about what people might need rather what he wanted to do. He worked his way up from small jobs like installing shelves in a retired baker’s house to installing custom cabinets at JCPenney’s. How to get a high-paying job using this information: ...