What's a mutual fund

A mutual fund is a portfolio, a mix of stocks aond/or bonds, that help you diversify your investment. Mutual funds allow you to spread your money around to different investments. If you only own stock in Bank of America or General Motors you might experience a significant loss to your investment if these stocks decreased in value. However, in a mutual fund you might hold 50 or even 100 different companies' stock in just one fund, so if one stock within the fund drops in value it potentially has less of an impact on your total investment. Please note that a mutual fund maylose value and the price of a mutual fund share will fluctuate daily depending upon the performance of the underlying securities held by the fund

How do I benefit from retirement plans from my work place

The money that you invest in a work retirement plan allows you to save money BEFORE taxes. If you earn $500 a week and save $50 a week for retirment the $50 is subtracted and then $450 is processed for taxes. You also might get a "match" for any contributions that you make at work from your employer. So your $50 may become $60 if your employer puts in $10.

How much would you have saved over time

For example, if you invest 50 a week for 30 years at 7% you'd have more than $245,000!

Marion R. Syversen, MBA - President

NorumbegaFinancial

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Marion@NorumbegaFinancial.com <mailto:Marion@NorumbegaFinancial.com>

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Disclosure:

Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Norumbega Financial and Wall Street Financial Group, Inc., are separate entities, independently owned and operated. The example provided is based on hypothetical information and is not indicative of actual results.

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