Words

Last night in class I learned some new words. And actually I'm glad I learned them. One of the big words I learn is "Annuities". If an investor wants you to invest in an annuity the best thing you can do is to turn around and run. Mutual funds are pretty good but Index funds are best. I had no idea before class started but glad I know now. I wish I had learned this stuff 20 years ago. I think we would have made better choices but "it's better late than never". And I have to say that we haven't done really bad......we could have done better. I hope with this class too, that I can help my kids get started with their retirement. Even if they could only put $5 of their paycheck in a 401k each month while in their 20's up to when they retire at 65 and see how incredibly big it will grow. (They can thank me later for the advice :)) So I'm learning what to stay away from, (don't buy gold....bad idea) what's good and all the options in between. I think I'm going to take another investing/retirement class cuz so much of it went way over my head but I am enjoying it tons and I love getting so much information! I just wish all of it would stay in my head.