“The only way to counteract feelings of helplessness, indecision, and defeatism is to act. The most powerful attitude you can own when it comes to your future is self-reliance, because when it comes to your retirement, it's really up to you to take care of you.” ActionRetirementSelf Reliance Book:Women & Money: Owning the Power to Control Your Destiny Source: Women & Money: Owning the Power to Control Your Destiny
“Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.” LongGoalTermAccountsInvestmentFinancialSavingLong TermBuyingFundTargetRetirementCashEmergenciesInflationShort TermFundingSavingsCdsDepositsPurchasingPurchasing PowerSavings AccountsBuying Stocks Author:Suze Orman
“For all your long-term investments, such as retirement accounts that you won't touch for at least ten years, you need a mix of stocks and bonds. Stocks offer the best shot at inflation-beating gains. But stocks don't always go up. That's where bonds come into play: They have less upside potential, but they also do not pack the same risk.” NeedsYearsLongPlayTermRiskOffersTenShotsGainsAccountsInvestmentLong TermRetirementPacksInflationBest Shot Author:Suze Orman
“If you do not have at least an eight-month emergency fund, and you think there's a probability you could loose your job - and it's not just losing your job; you could be in a car accident, get sick - continue to pay the minimum on your credit card every month. Everything beyond that needs to go to establish an emergency fund. And if you have an emergency fund saved, then fund your retirement account before paying down credit card debt.” IfsThinkingNeedsJobsPayCarMonthsLosingSickAccountsEightCreditDebtAccidentsSavedCardsFundRetirementMinimumProbabilityEmergenciesCredit CardCar AccidentCredit Card Debt Author:Suze Orman
“Absolutely invest in retirement. You can always get a loan to get kids through school. I do not know of any loans to get you through retirement. The markets are seriously low from where they were (even though they've gone up 30 percent recently). Now is the time to be dollar cost averaging; the more money you put in, the more shares you buy. Save for your retirement, people.” PeopleKnowsKidsSchoolGoneShareCostLowsPercentDollarsRetirementMore MoneyLoan Author:Suze Orman
“If you pay off your mortgage before retirement, you take a huge financial load off your shoulders. You also become eligible to take out a reverse mortgage once you turn 62.” IfsTurnsPayHugeFinancialShouldersRetirementLoadReverseMortgage Author:Suze Orman
“To enjoy a long, comfortable retirement, save more today.” LongTodayEnjoyComfortableRetirementRetiringInspirational Retirement Author:Suze Orman
“Take free money. No matter how in debt you are, if your employer offers a matching contribution on a 401(k) or other retirement vehicle, you must sign up and contribute enough to get the maximum company match each year. Think of it as a bonus.” IfsThinkingYearsMatterEnoughCompanyOffersDebtContributionRetirementVehicleMaximumEmployersBonusMatchingFree Money Author:Suze Orman
“I love the Roth IRA. Tax-free income in retirement is a truly great deal.” DealsTaxesIncomeRetirementIra Author:Suze Orman
“After you marry, every asset either of you acquires is jointly held. That's why you both need to be in sync on your long-term financial goals, from paying off the mortgage to putting away for retirement. Ideally, you should talk about all this before you wed. If you don't, you can end up deeply frustrated and financially spent.” IfsNeedsShouldLongEndsGoalTermSelf ImprovementFinancialFinanceLong TermAcquireRetirementAssetsFrustratedBusiness SuccessMortgageSyncFinancial Goals Author:Suze Orman
“No well-planned retirement should be without long term care insurance. It is the very cornerstone of retirement security.” ShouldWellsLongCareTermSecurityLong TermRetirementCornerstonesLong Term Care Author:Suze Orman
“In January we start saving money, getting out of credit card debt, funding our retirement accounts, and we're doing wonderful. Then, every single year like clockwork, starting in November, all of you fall into this trap that says, 'I have to buy this gift... I can't show up at this party and not have something for everybody.” YearsI CanShowsFallPartyWonderfulAccountsStartingCreditDebtCardsSavingRetirementTrapsFundingNovemberJanuaryCredit CardSaving MoneyClockworkCredit Card Debt Author:Suze Orman
