Page 32 - Work At Home Moms Part 2
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Covering your medical needs might not be as difficult or as costly as you
think. Explore all the options closely and go with the one that best suits
your family.
RETIREMENT AND BEYOND
Medical insurance is the first and biggest concern that career women have
when they decide to transition into at-home work. It’s not the last,
however. Making sure retirement benefits or savings are in place can be
just as important. Keep in mind, you will be your own boss in most
scenarios we’ve discussed. This means if you don’t save for retirement, no
one else is likely to on your behalf.
So, how can you make sure you have a nest egg for your Golden Years?
These options are available to you:
Individual Retirement Accounts
IRAs can be very beneficial for saving for the future. Not only do
they tend to offer nice interest rate earnings, but they can also
offset your earnings when it’s tax time. Due to contribution
limitations, however, you may want to have more than this card up
your sleeve.
401ks
This retirement savings vehicle can put another vehicle in your plan
for retirement savings. You’ll have to check with a retirement
investment company on how to get one started. If you incorporate
your business, however, this option should be open to you.
Stocks And Bonds
These can prove to be a little high risk, but they can pay off with
big rewards. Tread carefully here, however, and don’t put all your
eggs into a single basket.
Other Options
There are plenty of other investment vehicles out there that can
help your replace a company-backed retirement account. Consider
investing in gold, real estate and other similar tangible investments.
If your business is one that could be eventually sold, this, too,
could count as a retirement investment.
Just because your former employer won’t be funding a retirement policy
doesn’t mean you can’t save for your future. With a good plan in place
and some discipline, you can make sure you have a nest egg to make
your Golden Years more comfortable.
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