If even the thought of investing is scary to you, it’s best to take small steps to begin with. Here are a few things to keep in mind before you start investing your money.
How many retirement accounts do you have? If you've changed jobs a few times over the years, you could have several accounts housed in different employers' plans.
Earning interest on your money is a great way to watch your savings grow! Have you ever wondered how long it would take for you to double your savings? The Rule of 72 says that to find the number of years required to double your money at a given interest rate, you divide the interest rate into 72.
Every now and then it is important to take some time to inventory your retirement planning. If you own a Traditional IRA, for instance, you probably know your contributions may be tax deductible. Did you know that if you withdraw from that Traditional IRA early you must pay a 10% penalty in addition to income tax?