Heroes Finance 101: Understanding Retirement Plans

Gone are the days of our parents and grandparents in which retirement after working for a company for twenty years earned you a gold watch, pension and comfortable golden years.  The removal of pension plans from most major companies has angered many, but if you put yourself in the shoes of the owners and/or managers of those companies it makes sense.

Pension plans were created when the average lifespan was decades shorter than they are today, and while breakthroughs in health and medical technology have helped our society by allowing us to live longer and watch our grandchildren grow up, it’s causing great strain on those financial plans which are being pushed longer than ever anticipated.

I’m a rather stubborn

Heroes Finance 101: Stocks and the Stock Market

Let’s learn about stocks and investing.  Does that thought give you the creeps?  I hope that this article will help alleviate that and give enough background to at least help you be less worried about the endeavor of looking at the stock market.

My goal here is not only helping you to understand what’s going on with your own investment portfolio or retirement, but also giving you enough information to know what your investment advisor is talking about or possibly, if you’re brave enough, to begin playing the market and choosing your own stocks.

 

What Exactly is a Stock?

To begin with, the terms “stocks” and “equities” are sometimes used interchangeably.  This is because owning stock is literally owning

Heroes Finance 101 : Introduction

What do you know about money, finance, investing and retirement savings?  If you’re like the vast majority of Americans, probably not much.  Do your eyes gloss over when the news starts talking about the economy or someone at your work begins talking about retirement plans?  

Join the club.

I was in your boat not that long ago.  My family left me some money when my grandparents passed away, and even though I had a trust-appointed financial advisor, I had no clue what he was talking about.  He’d recommend stocks and I pretty much just followed him blindly.  And then the internet bubble burst in 2000 and “blue chip” stocks that made up much of my portfolio became worthless overnight.

When