my husband and i work for places that don’t offer ira or any kind of retirement plans. We have been saving some money in a normal savings account for a little while,but i want to move on to something better. My husband says to keep it in the normal savings account, i told him maybe a ira or investing may be better. i told him that there are many more ways of making more money than a normal savings account. We don’t know where to start or who to talk too. any suggestions?
I recommend Primerica Financial Services, A Citi Company. I open my Roth IRA there. The agent did a thorough job of explaining what a mutual fund is and what an IRA is and was able to answer my questions. In the IRA application, it ask me some questions to find out what type of investor I am. It turned out I’m an investor who wants high growth, no matter what happens in the short term.
From there, he recommend me what mutual funds I should pick and how I should divide my investment into each fund. My Roth IRA currently has an average rate of return of 14%. I think the agent who pick these mutual funds for me did a good job.
Now I work at Primerica and I changed the agent on my IRA account to me. Every time I invest into my Roth IRA, I now earn commissions. lol. I didn’t join Primerica for that reason. I joined because I wanted to help people and educate people about finance.
If you have debt, Primerica can give you solutions on how to get out of it for free. If you have life insurance and would like to lower your premiums, Primerica can show you a life insurance plan to do that. That way you would have more money saved.