Alternate Retirement Savings Methods
Broadly speaking, there are three ways to save for retirement outside of a single retirement account. Invest more money Diversify your investment accounts Create new income streams To diversify your investment accounts, consider [...]
Retirement Calculation Methods
There are various methods to calculate your retirement nest egg needs. Below are three of the most common methods, descriptions of who they’re good for, and how they work. The MoneySwell Retirement Planner tool [...]
Setup Purchase (either lump sum or recurring)
For Lump Sum contributions, look for the ticker symbol of what you want to buy and click "Buy" For Recurring contributions, each site is different but look for words like “Automatic investing” or “Recurring investing” [...]
Choose Investment
We won’t cover investing basics here since we've already covered them in this article. But for the purposes of this subtask, it’s important to determine your time horizon, appetite for risk, and hoped [...]
Open Account (if applicable)
New investment account types different from what you already have requires opening a new investment account. You may be able to open that account at the same institution where you already have your [...]
Determine Investment Amount(s)
Using a tool like MoneySwell's Cashflow goals is an important step to understanding how much "wiggle room" you have to invest any extra cash you might have. << [...]
Make Additional Investments Checklist
Follow the five steps below to make additional investments. Logged-in MoneySwell users should check these off their list as they complete each step. Five Steps to Making Additional [...]
Mark All Debts Paid Off
Logged-in MoneySwell users can check this off their personal financial action plan! << Pay Off Debts More Quickly Checklist Well done! If you have multiple “other” debts, use [...]
Make Update with Lender(s)
Adding an extra principal payment shouldn't take more than a minute through your lender's website. << Pay Off Debts More Quickly Checklist Add An Extra Payment Go to [...]
Determine Extra Payment Amount(s)
Your additional payment can either be set up as a new payment or it can be an addition to and older one. To determine the amount you can afford, use the MoneySwell Cashflow [...]
in Boulder and San Diego.