Continuing with our rocks, pebbles and sand analogy from Monday, today we will discuss your pebbles or short-term financial goals and how they relate to your long-term goals. Just as Mariah Carey supports Nick Cannon, your short-term financial goals support your long-term financial goals.
Senator Tom Harkin of Iowa proposed a new private pension plan, called the USA Retirement Fund, in which businesses would be required to automatically enroll their employees unless the business already had an established company retirement plan. Employers would only have to manage payroll deductions, but could contribute up to $5,000 for each employee annually. …
In last night’s State of the Union Address, President Obama announced his MyRA account that will allow workers who aren’t offered an employer-sponsored retirement plan to invest up to $15,000 in government bonds for a “decent return with low risk”. Once the account reaches $15,000, it will need to be rolled over into a private-sector …