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Managing an Online Brokerage Account
Should I Open My Investment Club Under an Individual Account or Joint Account?
How to Start Investing in Stocks
What Is a Balance Transfer Rate?
What Is the Meaning of Checks & Balances?
Investment Accounts for Minors
Ways to Track a Money Order
Wealth Management Training Programs
Zero Balance Transfer Techniques
Why Have a Custodian on an IRA Account?
What Is an Offer in Compromise?
What Is the Definition of Bank Reconciliation Statement?
Understanding Bank CDs
What Is an RMD?
What Is an SIC Code?
Penalties on Certificates of Deposit
What Is a Federal Reserve Note?
What Is the Definition of a Stock Exchange?
Pros & Cons of Short-Term Loans
The Effects of Mortgage Foreclosures
How to Set Up Annuities
What Is an Offer of Compromise?
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Summary: The best way to save money is at a business or place of employment through a 401K plan or a pension plan. Learn about the effect of saving money that is tax-free over a multi-year period with help from a portfolio manager in this free video on money management and personal finances.
Roger Groh is a personal asset manager, and the head of Groh Asset LLC.read more
"Are you starting to plan for money that you're going to need in the future? Hi, this is Roger Groh at Groh Asset Management. Today we're here to talk about the best ways to save money. Well, the first and easiest way place is at your business. If you're an employee and have a 401K Plan or Pension Plan, it should be the first place you want to save. Why? Because that money comes out tax free and accumulates tax free until you begin to withdraw from the plan. The effect of that is tremendous over a multi-year period. Number two; weekly contributions into money market fund or a designated savings account. It doesn't have to be much; whatever you can do; whether it's a hundred bucks or a thousand or ten or a hundred thousand dollars a month. Just do it regularly and you'll be surprise how quickly that pool grows over a long periods of time. Last but not least, be sure your expenses are in line with your revenue. You may have to adjust down your expenses in order to have a surplus for you to put away for those many days. I'm Roger Groh with Groh Asset Management. Thank you very much for spending time with me."
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