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Three ways to save money for the future/ HW? |
HI, im doing a hw assigment for my business class. My teacher wants 3 diff. ways to save money for the future. He wants advantages and disadvantages of each one, but he doesnt want anything to do with putting money in a savings account... i already have money market funds, but i need 2 more. pLEASE HELP!! Wow, this assignment is hard. Hopefully I'll be able to help you somewhat. Good luck! 401k where money is deducted from your paycheck automatically. The advantage is that it's a pretax deduction. The disadvantage is that you can't use it without paying penalties until you reach retirement age. Roth IRA, IRA's, Stocks, Bonds, Real Estate, 401k Go here it has some ideas not sure if its really what your looking for though |
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If you reallocate into a bond or money market fund, you will preserve your principal, but you will also ensure your prior losses. If you are retiring in 2011, that may not be enough time for the m... I have and tell people to have enough liquid, readily available cash to pay your expenses for six months. Mutual funds--not liquid. Checking/Savings --liquid. Money Market--liquid. Certificat... Yes, they can. ...Money markets do have a higher rate and like all savings accounts at a bank are FDIC protected up to $100K, but some savings accounts are just as high or higher. You won't lose your money. C... Wow, impressive I would suggest 6 months emergency fund. As far as savings and money market make sure you are earning the max you can and still keep it liquid. Does your money market and sav... HSBC is paying 5.05% on their money market account...no min balance, no fees. The money is totally liquid. They alaso run promos for higher interest rates. Right now any new money will make 6% t... Did her address change at all since that time, and did she notify them of any change of address? She should have been receiving annual 1099 statements for tax purposes. If she still has tax recor... Same question asked 4 months ago.... Here is the best answer... There are money market mutual funds, however, this is what I think you're talking about. Money Market accounts: most banks... |
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