PDF-The Squirrels Ate My Bread: What You Need to Know About Saving and Investing For Your

The Benefits of Reading Books. When deciding wher e to invest you may need to make a variety of decisions including how to balance the risk of losing money with the desire to increase your returns keeping in mind that inflation may reduce the purchasing power of your savings and Consumer Ed. Unit 8-Chapter 9. Investing. Saving in a way that earns income . Risk –what you are willing to gamble on. vs.. Return-what you will get back on your money that you invested. Reasons to Invest. [date]. [venue]. [contact information]. Introduction. About the PFP Section & PFS Credential. The AICPA PFP Section provides information, resources, advocacy and guidance for CPAs who specialize in providing estate, tax, retirement, risk management and investment planning advice to individuals and their closely held entities. Taking care of your future wealth. What is the difference between saving and investing?. Portion of current income not spent on consumption. Saving. Purchase of assets with the goal. . of increasing future income. Advantages of 401(k) Investing. © 2015 Morningstar. All Rights Reserved. . Participant control. Amount invested. Asset mix. Ownership of assets. Pre-tax investing. Tax deferral. Tailored investment plan. The Road to Financial Independence. Personal Finance . Essentials:. 8 Financial Priorities. Discussion Topics. 1. Perspectives: Spiritual matters. 2. Investing Basics: Before you start. 3. Investment Vehicles: The shopping carts. Most people save and invest to meet a goal…. Buying a car. Continuing their education. Starting a family. First home. Build up a “rainy day” fund. Provide funds for a “comfortable” retirement. Section 1-Reasons for Saving and Investing. Savings. Money set aside for the future (also known as deferred spending). Emphasis on “safety of principal”—protecting the balance in your account. Types of savings—safe, because these are FDIC Insured. , Chapter 6. Behavioral Economics. Udayan. Roy. The US Personal Saving Rate. We need to save more. We live longer and retire earlier. We have fewer kids to take care of us when we are old. Families are geographically dispersed. 2 | A ROADMAP TO YOUR JOURNEY TO FINANCIAL SECURITY | 3 Don’t Wait to Get Started YOU CAN DO IT! IT’S EASIER THAN YOU THINK. No one is born knowing how to save or to invest. Every suc - Take a moment to picture your retirement dreams . Take a moment to picture your retirement dreams . Take a moment to picture your retirement dreams . Take a moment to picture your retirement dreams . Chris Dondzila, PhD . Steve Glass, PhD, FACSM. Department of Movement Science. Grand Valley State University. 1. What Does Retirement Mean To You?. 2. The Reality. More than just finances! What about your body???. Will you be ready?. How the Hybrid Plan Works. 2. Voluntary Contributions. Reduce your taxable income by increasing your voluntary contributions.. Learn more about saving with VRS educational resources for members.. PLANNING FOR THE FUTURE. WHY DO I NEED INSURANCE OR A RETIREMENT ACCOUNT WHEN I’M YOUNG AND . HEALTHY?. BLOCKING . THE COST OF RISK. Health. Auto. Life. Disability. Long-term care. Property. MINDSET FOR STARTING YOUNG.