Everybody knows the Social Security System is failing with people living longer than ever before. Everyone knows that it's unlikely that many people who are currently contributing to social security will ever see the money we’ve put in into the program. At least these funds are probably not coming back to darken our doors. This means we have to find alternatives and end our reliance upon the government for a secure retirement that doesn’t appear to be in the woodworks.
Because of this we are seeing more and more people in the twenty and thirty something generation taking matters into their own hands and investing not only for their retirements and the days when we can't work but also for those times when the unexpected happens and we need to fix broken houses, buy new cars, or pay large insurance deductibles for medical care. There are many reasons we choose to invest and very few that would ever be considered the wrong reason. The question remains, because there are so many out there who aren't yet investing, with so many reasons to invest, are you ready to invest?
Below are a few circumstances in which if you don’t think you are ready to invest you may need to review your opinions and decide that ready or not, you have to invest.
If you have kids and a job that doesn’t give you a pension plan or matching retirement fund then it is probably a good idea to invest on your own. Even if you don’t have corporate provisions for contributions you've got alternatives such as Roth IRAs that will give you a tax break for investing some of your money and helping to plan for your own retirement.
If you have children that will some day need dental work, medical services, and/or college educations it is about time that you began those savings plans. Yet again there are tax deferred and tax fee options that are available and having this money invested ahead of time can save you so much money later on that it is worth making a few sacrifices along the way to secure the future of your children.
If you want to give your daughter the wedding of her dreams then you need to begin preparing, saving, planning, and investing about 10 years before she’s born. Weddings can be very expensive and if you are going to go the dream wedding route you need to be saving some serious money in order to give her that fairy tale.
Lastly, if you would like your retirement to be a nice comfortable existence and not to be spent in your future daughter-in-law’s broom closet you should be ready today to get started investing in your future retirement. Time is short, life expectancies are longer than ever, and the costs of living are continuing to rise at alarming rates. If you’re not prepared to invest you need to understand why and resolve the matter so that you can be ready to invest and soon.
Investing in your financial future is the greatest gift you can give yourself by far. If you aren’t certain where to start or how, perhaps it’s time to look for the services of a qualified financial advisor. Their advice can help you secure your financial future.
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