Amy is nowhere near retirement age. But she’s determined to put together a solid plan that will allow her to retire early and travel. She wants to learn more about investment options and learn some of the terminology, but she’s stymied. Should she put her money in the stock market, which seems a little volatile? Invest in real estate, which seems to be rebounding quickly? Where to begin?
A recent study shows that only 40% of US adults keep a budget and track their spending. In fact, some 76% of American families say they live paycheck to paycheck, only have saved less than three months’ worth of expenses.1 The need for financial literacy and effective planning is enormous.