Saturday, May 14, 2011

Build Your Wealth

If there's one essential thing you can do, one is to invest in your family's future.

Worth recommending is to go for growth. Place your 401(k) funds in equity mutual funds. A 401(k) plan is an investment plan, not a savings plan.

Invest in a basket of stocks in different sectors. ETF's act like mutual funds, but cost less.

Protect your heirs by setting up a living trust so your family can avoid probate. It also reduces estate taxes for your loved ones.