Download e-book for iPad: A Teen Guide to Safe-Haven Savings by Tammy Gagne

By Tammy Gagne

Secure -haven investments are provided to the teenager reader stressing the optimistic rewards and draw back dangers. the teenager might be in a greater place to make clever funds funding judgements sooner or later.

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Extra info for A Teen Guide to Safe-Haven Savings

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USA Today, July 26, 2012. com/money/ economy/story/2012-07-22/smartypig-social-money-michael-ferrari-jongaskell/56369606/1 Bruzzese, David, and Joshua Holmberg. The Teen’s Guide to Personal Finance. New York: iUniverse, 2008. Butler, Tamsen. The Complete Guide to Personal Finance: For Teenagers. Ocala, Florida: Atlantic Publishing Group, 2010. Calonia, Jennifer. S. News, May 23, 2012. com/ money/blogs/my-money/2012/05/23/the-death-of-the-certificate-of-deposit-will-cdrates-ever-rebound FDIC. html Federal Reserve Bank of New York.

Since rates are so low right now, though, you might want to start small. The time to add more money to this type of investment is when rates rise. indd 43 5/16/13 9:04 AM Further Reading Butler, Tamsen. The Complete Guide to Personal Finance: For Teenagers. Ocala, Florida: Atlantic Publishing Group, 2010. Chatzky, Jean. Not Your Parents’ Money Book. New York: Simon & Schuster Books for Young Readers, 2010. Gardner, David, Tom Gardner, and Selena Maranjian. The Motley Fool Investment Guide for Teens.

People who are close to retiring often find annuities extremely helpful in these ways, especially if they haven’t put away as much money for retirement as they would like. For young people, the biggest benefit to buying annuities is the potential for growth. The money you invest will continue to increase over time and you won’t have to pay taxes on your earnings until you withdraw them. If your fees aren’t too steep, the compound interest you earn between now and your retirement could make this a worthwhile investment.

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A Teen Guide to Safe-Haven Savings by Tammy Gagne

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