Category: american financing

40 Years Old and Broke?

40 Years Old and Broke?

You had high hopes when you were 20: you’d have it all, a great job, nice house and a nest egg that would rival Donald Trump’s. Fast forward to 40 and you haven’t accomplished any of that. Maybe you’re happily married with kids, with a job you like, and things are comfortable. But you’re broke. You’re just getting by day to day and an investment plan is the furthest thing from your mind. Don’t worry, it’s not too late to start saving. You just need a great idea to help you make extra money!

You’re Not Alone

 

Broke

Bankrate did a survey that says five percent of employees between the ages of 45 to 54 have less than $25,000 in retirement savings. That’s not all: six out of 10 have less than $100,000. This is a common occurrence especially among parents who are socking away a bit towards their kids’ college educations while neglecting their own retirement funds. How can you start saving smart and building up some cash?

A Side Business

You may be working at a company full time, but your paycheck’s just not working for you beyond the base necessities. It’s time to brainstorm and come up with a fantastic idea to generate income on the side. If you’ve got $100 and a unique idea, you can create your own website to post blogs, sell ad space, and showcase your product or service. Use the profits to supplement your regular salary and add to your retirement account. If it does well, sell it and make even more money for your nest egg. Consider becoming a consultant on Upwork, selling your handcrafted items on Etsy, or becoming an Uber driver. The possibilities are endless!

Max Your 401(k)

When you increase your 401(k) to the maximum limit, complementing that of your employer match program, you can build your savings account painlessly. Saving 10 percent of your salary is the goal. However, that can be hard to reach if you’re already broke. But think: if you’re 40 now and would like to have $1 million saved for retirement, you must save $10,000 a year at nine percent. In addition to your workplace 401(k), sock away a little money (perhaps from your new side business!) into an IRA.

Allocate Wisely

It’s time to start thinking smart about asset allocation and diversification. Playing it too safe at this stage in the game won’t get you to your retirement goals, but with 20+ years to retirement still ahead of you, you can afford to play both sides of the coin. Aim for stocks for 80 percent of your portfolio with the rest in conservative holdings like bonds. Getting assistance from a financial planner or stock broker can help you determine which investments are best for your current financial situation. Get in low and watch your stocks work FOR you rather than against you. Be careful though: not all brokers have your best interests at heart. As such, you should know a securities attorney just in case you fall victim to unsuitable recommendations, excessive or unauthorized trading, and misrepresentation. Contact Thomas Law Group if you require professional advice on keeping your investments safe.…

Trade GBP

Trade GBP

The GBP currency has been a standby for many interested in Forex. It is possible to pair that currency with many others out on the market. Do the right research about the team at www.tradegbp.com when possible. That opens up great new possibilities for dedicated investors to make a move. Compare currencies and be ready to trade at a moment’s notice too. Trade GBP is a popular site unlike any other out there. Members have left good feedback that bodes well for anyone dedicated enough to try. Get advice and make great trades in real time using their helpful features online.

Trade GBP allows users to make their own account from the start. Users can enter personal information that are popular among people. It allows investors to personalize their own experience as needed. Come to tradegbp.com to find out what the buzz really is about online. That personal information can be used by the development team. They can send messages or offer their own professional advice about trades. Have any issue resolved in short order thanks to the online format. There is a help desk available if an emergency issue occurs. Use that information to resolve any dispute online quickly as needed for members.

trade gbp

Online Trade GBP

Look for currency pairs in a very modern way to trade on foreign exchange. The new investing platform makes it possible to visit tradegbp.com as needed. Traders will find something that they can use online as well. New members can look through the tools available to them online. That represents a great new trading environment that favors the active investor. That has helped www.tradegbp.com receive good reviews over time. New members can chat with one another and discuss ongoing events across the world over. Expect a great user experience set up for those online. Help is available for tough choices being made online.

Note that there are different types of accounts found online. The standard account is quite common among people just starting out online. They can use their standard account to make important changes. Feel open to upgrading to a Gold account whenever possible. That will introduce all new trading tools and options at Trade GBP. That is popular among many consumers on the open market. But note that the Gold account costs a lot more to maintain through the site. There is a Premium account with the best rated tools available. The Premium account costs the most out of all the options.

Conclusion

Look forward to the opportunity to withdraw funds to a waiting bank account. Traders will be able to withdraw funds directly to that account each time. There is a waiting period put in place for these traders. They can trust Trade GBP to follow through on each request. Upgrade to a better account to enjoy other privileges found online. That includes faster withdraw times to the account. Some investors have mentioned how convenient it is to use their Premium accounts. Pay a little extra to enjoy the perks that go along with these Premium accounts.…