I recently had a conversation with a friend nearing retirement about her financial status after the market crash. She presented some of her finance concerns, and I would like to share her story -- and some advice -- about getting back on track after flailing in the financial crisis.

Anna’s Story

I know a couple who are extremely close to their retirement. David and Marsha are 52 and 56, respectively. Out of curiosity, I asked them if they wouldn’t mind sharing with me how they planned for their retirement. I nearly spit out my tea when I heard their responses.

One of the things we really want to stress here at MomVesting is to make sure you're taking advantage of your tax-advantaged retirement plan options. If you're not, you're literally throwing money away. Let's take a look at the difference between using an IRA for your retirement savings and not using one.

Running the Numbers

Yesterday we talked in general about portfolio allocation, particularly as it pertained to stocks. It can be confusing to decide what to do with an investment portfolio, especially if you are new to the idea of investing.  Two simple rules to help with the decision are: the 100- Age Rule and the 120- Age Rule.  Let’s look at some of the ideas behind each rule to help you decide your best course of action in setting up your portfolio.

100 Minus Age Rule

The term stock allocation sounds rather imposing. In reality, it represents a simple question that we all need to answer: What portion of our portfolio should be in stocks versus other investments?

Why Stocks?