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Why do you want to save money | Venstone AG

Venstone AG is a secretly held association settled in Zurich, Switzerland. The primary point of the organization Venstone AG is to elevate independent company activities to shape market development.<br>

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Why do you want to save money | Venstone AG

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  1. Venstone AG

  2. Objectives 1. Develop basic strategies for establishing and maintaining a savings portfolio at any stage in life. 2. Identify basic types of savings, investment and retirement plans. 3. Learn how to protect your money, especially during retirement.

  3. Savings starts NOW It’s never too early. It’s never too late. Utilize money strategies that work!

  4. Money strategies that work Pay yourself first Track your spending Make a spending-savings plan and stick to It

  5. Paying off debt Determine monthly cash flow ▪ Prioritize your bills ▪ Don’t take on new debt ▪ Contact creditors before they contact you ▪

  6. Basic ways to save Open a savings account Federally insured by FDIC or NCUA ▪ ▪ Invest ▪ Not federally insured Includes retirement investments ▪ ▪

  7. Savings account Benefits: Earn interest Safe Easy to access Account Types: Money Market Accounts Certificate of Deposit Statement Accounts Special Accounts ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪

  8. Special savings accounts 529 College Savings Plan Electronic Transfer Account (ETA) Individual Development Account (IDA) ▪ ▪ ▪

  9. Before you invest Build a 6-month savings cushion: Emergencies Sudden illness Job loss Other unexpected expenses ▪ ▪ ▪ ▪

  10. Investment basics ▪ Bonds: I, EE, Corporate ▪ United States (U.S.) Treasury securities ▪ Mutual funds ▪ Stocks ▪ Retirement investments

  11. Retirement investments ▪ Individual Retirement Arrangement (IRA) ▪ Traditional ▪ Roth ▪ MyRA ▪ 401(k)/403(b) ▪ Variable Annuities

  12. Savings action plan activity

  13. Thank You!

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