Saving
June 30, 2020
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money.
M This disruptive time shows us all that not planning for the future is NOT a good thing. We’ve felt the pinch of less money, the fear of not having enough. And that fear might be real.
V This is a motivational moment to save something and put that money to a wise use. If you’ve been renting, you may want to buy a home. Not a bad goal. But think this through. As a young person or couple, this is the best time to put money in a Roth IRA. Compound interest and long term growth is your friend for retirement.
Owning your own home might be desirable for your life style. But evaluate if home ownership is a good investment.
M Its your choice. We’re offering food for thought.