One rule of thumb to keep in mind is that any monies for short-term goals such as this home purchase should not be invested in the stock market. Market volatility could present problems if you do not have a longer time horizon for such investments.
I don't care when you retire. Your money can never retire.
It is important to keep in mind that great risk exposure does not automatically guarantee greater rewards.
Someone is giving you free money. Even if you're afraid of the market, there are plenty of low-risk options. Just make sure you contribute enough to at least get that match.
That was a thing we were getting away from when the equity markets were on a tear. Everybody thought you were a fool to get into anything else.
You bought it on sale and you end off paying more for it if you paid by credit card. Get that debt paid off and get on with it.
This type of concentration means you have to be an excellent stock picker, something that many professionals wouldn't try.
Back in the 1990s, we had an anomaly. It's not going to happen again.
You still have to fuel the fire through saving. You have to keep contributing to your IRA.
There's a reason why houses don't sell. (You need to) reevaluate what you're selling.
It really changes your entire perspective when you go through an inheritance.
It's difficult to make any financial decision when you're dealing with goals that are not quantified.
The key to keep in mind with IRAs is you're taking a long-term horizon. You've got to go in thinking there's going to be ups and there's going to be downs.
I like to call it paying yourself first. It means putting yourself as a priority.
You've got to get that money off the table and put it toward other goals.
The economy has changed. We're going to be facing more volatility in the job arena. That can wipe you out in a heartbeat.
The first tenet is an emergency fund. Even before you save for retirement that needs to be put in place.