Alicia Nelson-Bell, Finance Intern
The way you balance your investments should be based on your timeline to achieve your goals and your risk tolerance. Risk is inevitable when it comes to investing, but it doesn’t need to be something that you find yourself stressing over so much that you lose sleep worrying about the amount of risk you are taking, so it is important to know your risk tolerance and choose your balance of investment vehicles accordingly. There are risk tolerance quizzes online that you can take for free to help you figure out your level of risk tolerance.
Melanie Jewkes, Extension Associate Professor
Are you saving for retirement? Do you want to be saving for retirement? Are you looking for strategies to invest more money? Put it off no longer -- the best time to start saving for retirement is NOW.
But I get it! LIFE gets in the way sometimes. It doesn’t help that picking a way to invest in retirement can be is complicated. But time is of the essence, and you are literally losing money, and money on that money (compound interest), the longer you put off figuring out how to save for retirement.
It is never too late to start saving for retirement. NOW is always better than tomorrow. Here are some strategies to get you on your way to investing in you beginning today.
KristiLyn Wilkinson, M.S., AFC Candidate
Let’s talk about mutual funds! They are pretty important for the average investor to understand. You might not know that you are invested in a mutual fund, but if you have any sort of work 401k or retirement plan, the odds are very likely that the underlying investment is a mutual fund. If you don’t have a retirement plan right now, the odds are very likely that you will have one at some time in the future, so let’s make sure you know how they work!
Vincenza Vicari-Bentley, AFC
Congratulations! You’ve decided to put money for your retirement through an account offered by your employer. You’ve taken the first big step but now you may face a much tougher decision:
how to invest your retirement savings?
You might be overwhelmed with information from your employer and it might be several pages of instructions and advice about things like asset allocation, fund performance, and fees. You probably want a simple answer. However, when figuring out which investments are best for you, there are a few recommended steps:
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1st Place National Award in Social Media Education from the National Extension Association of Family and Consumer Sciences
Gold Award in Blog Site category at the 7th annual Education Digital Marketing Awards.
Silver Award in New Media category at the 34th annual Educational Advertising Awards.
Platinum Award in Digital Media, Web Design category at the International Marketing and Communication Awards.