We all know Social Security System is not with people living longer than ever before. We all know that it is unlikely that many people who currently contribute to social security will ever see the money we have invested in the program. At least these funds are probably not coming back to darken our doors. This means that we need to find alternatives and end our dependence on government for a comfortable retirement that does not seem to be in the woodworks.
For this reason we are seeing more and more people in the twenty and thirty something generation taking matters into their own hands and invest not only for their pension, and days when we can no longer work, but also for those days when things happen and we need to fix broken houses, buy new cars, or pay hefty insurance deductibles for medical care. There are many reasons we choose to invest and the very few who would ever be considered the wrong reason. The question remains, because there are so many out there that are not yet investing, with so many reasons to invest, you are ready to invest?
Here are a few situations where if you do not think you are ready to invest may be necessary to revise your opinions and decide that, ready or not, you have to invest.
Reasons # 1
If you have children and a job that does not offer a pension plan or matching fund so it's probably a good idea to invest on their own. Even if you do not have corporate rules for the contribution you have alternatives such as Roth IRAS, which will give you a tax credit to invest some of your money and help you plan your own retirement.
Reasons # 2
If you have children who will one day need dental work, medical services, and / or college education it is time that you began these savings plans. But again there is tax deferred and tax fees that are available and have money invested early can save you as much money later, it is worth making a few sacrifices along the way to secure the future of your children.
Reasons # 3
If you want to give your daughter the wedding of her dreams then you absolutely have to start preparing, saving, planning and investing about 10 years before she was born. Weddings are expensive, and if you're going to go the dream wedding route you need to save some serious money to give her that story.
Reasons # 4
Finally, if you want your pension be a good comfortable existence and not to be used in your future daughter's diet cabinet you should be ready today to start investing in your future pension. Time is short, life expectancy is longer than ever and living costs continue to rise at alarming rates. If you're not ready to invest, find out why and solve the problem so you can be ready to invest and quickly.
Investing in your financial future is the greatest gift you can give yourself much. If you are not sure where to begin or how, maybe it's time to seek assistance from a qualified adviser. Their advice can help you secure your financial future.
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