I don't have to have someone from FWF write it, but it thought it would be a neat thing to have someone from our community do it.  Anyway, here were my thoughts for the outline, and any input on what is missing, or what needs to be removed would be helpful/appreciated. I am open to ideas, but something along these lines: Intro to how confusing starting to save for your financial future appears to be, it’s not all that bad, and how to cut through the confusion. What are solid investments non-savvy people can do: Ideas = 401k, Roth 401k, IRA, Roth IRA, index funds, mutual funds, Loading up your HSA account for future medical, etc. Expectations on fees, and charges- Flat rate, front load, no load, back load, normal costs for managing funds, what to look for in bad funds, etc. Differences in what care takers of investments are: set it and forget it investments many fidelity 401ks, very actively managed funds like Hanlon managed funds, middle of the road funds like Blackrock mutual funds (i'm and just taking a stab at this part) What insurances are out there (yes I know they are not an investment vehicle persay), and what ones make sense to purchase, and at what points in your investment strategy should you look at them. (term, universal, whole, long term care) Then using the above information, build out a path to follow based on your age group. 20-30 investing- How aggressive should you be here, and where should you focus your money?
30-40 investing- How aggressive should you be here, and where should you focus your money?
40-50 investing- How aggressive should you be here, and where should you focus your money?
50-65 investing- How aggressive should you be here, and where should you focus your money? Conclusion/Closing Like I said, it's not an advance lay out, but something the average joe could do/start. The objective really is to just make people away of how important it is to save for retirement, and help someone who wants to, but doesn't know where to start (which imo is a LOT of people). As you know, i'm not a financial wiz, but I have a grasp of the basics, but I don't know enough to fully write it out with confidence that is would include everything I needed. I could have gone with Dave Ramsey, but I felt I would get better/different advice from the resources here. Hence why I am humbly asking this forum for help. |
