Investing: 401Ks, IRAs, Retirement and More

Investing

They key to a successful financial future is investing, and investing often. The sooner you begin, the more time you give your money to work for you. The days when you could rely on a pension are gone for most people, but the options to build your own wealth have never been greater.

Investing is a long-term wealth-building strategy with many ups and downs. The trend over long periods is up, so its important to stay invested through the turbulence and not run for the hills when markets are down. That is why its vital to have a solid financial foundation and not invest money you might need need in the short-term.

If you do not have a financial plan and/or carry a lot of debt, check out 6 Steps to Financial Freedom.

Saving for Retirement

Everyone knows they should be saving for retirement, but life often seems to get in the way. By taking advantage of your company's 401K or self-directed IRAs, you can ensure you don't have to move into your children's home when you get to your golden years.

Investing for your future is not hard, but it takes discipline. The simplest way is to live below your means and automate your retirement savings.