Financial Planning in Your Twenties

So you just graduated from college and got a job. Now what?
The twenties are a perfect age to start planning a solid financial future.
How completing education, building a good credit history, buying a home and saving for retirement can help you set off on the right track for building long-term wealth.

 

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10 Reasons Why You Should Start Investing Early in a 401(k) Plan

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Less than 50% of the people in their 20s invest in a 401(k) plan at their workplace. But the power of compounding works in favor of the early saver. A person contributing only $5,000 each year (less than $500 per month) starting at age 25 will have a bigger nest egg than a person contributing $10,000 each year, starting at age 35 (assuming 8% rate of return). Here are some other reasons why I started saving for my retirement in my early 20s.

How I Save Thousands of Dollars in Income, Sales and Property Taxes

We give up to half of our income in taxes such as federal income tax, state income tax, local income tax, sales tax, and property tax. I don't pay more taxes than I have to by following 5 easy steps. These help me save thousands of dollars I would otherwise be paying in taxes. Read more HERE...

Do New Fee Disclosure Rules Mean More Security for 401(k) Retirement Plan Savers?

New 401(k) fee disclosure rules are expected to increase transparency in fees disclosure and put downward presssure on retirement fund fees. Will it "enhance retirement security" as the government press release claims it would?
This article is published on Yahoo News and Yahoo Finance.