Library Home: Financial Wellness: Financial Planning Tips

Don't put all your nest eggs in one basket. + Plan to live to 100 years old.

Financial Navigating in the Current Economy: Ten Things to Consider Before You Make Investing Decisions (sec.gov)
The guide to diversification (fidelity.com)
Diversification has proven its long-term value
Inflation, diversification, and the 60/40 portfolio (investor.vanguard.com)
Understanding Stock Prices and Values (.investopedia.com)

Roth IRA vs. Traditional IRA

Roth IRA vs. Traditional IRA: Key Differences - Investopedia
Do you want to owe the IRS now (Roth) or later (Traditional). "With traditional IRAs, you deduct contributions now and pay taxes on withdrawals later, while Roth IRAs allow you to pay taxes on contributions now and get tax-free withdrawals later."

Set up Health Savings Account if you can.

Breadcrumb Home Health Savings Account (HSA) FAQs Health Savings Account (HSA) FAQs (etf.wi.gov)
"You have to enroll in the High Deductible Health Plan in order to open an HSA...your HSA balance will roll over from year to year....This money is yours, tax-free, as long as you spend it on qualified medical expenses...contributions to HSA are pre-tax. Use HSA money to pay for qualified medical expenses with un-taxed income [reduces your taxable income amount."

Free Textbooks: Financial Literacy

Start saving for retirement ASAP. Buy and hold for the long term.

Benefits of Holding Stocks for the Long-Term - Investopedia
"...since the 1920s, individuals have rarely lost money investing in the S&P 500 for a 20-year time period."

Don't count on "Social Security"

Social Security payments (ssa.gov)

1975 --- (single per month) $157.70 ---(couple per month) $236.60
1995 --- (single per month) $ 458.00 --- (couple per month) $ 687.00
2025 est (single per month) $876 --- (couple per month) $1315

Will this keep you out of poverty?