It can be very difficult to put aside your earnings for the years to come, especially when you might want to go to a football game, or buy a nice car, or travel the world. But at the same time, you really don’t want to be retired and living penny to penny. What’s one of the easiest ways to prevent this? Open a 401(k)! What is a 401(k)? 401(k)’s started out as the alternative to pension funds. Pension funds had become too expensive for companies to give to their employees, so instead they offered 401(k)’s. These retirement savings plans allow employees to set aside a portion of their paycheck before taxes are taken out and invest that money into mutual funds of their choice. Some … [Read more...]
How to Begin a Financial Plan
The big 3-0 is looming. You’re heading into the years of marriage, home ownership, and kids. Are you prepared to shed your twenties or are you holding on to your last few days? For those of you who have already started your family life, have you planned ahead? Financial planning is important at all ages. All of us have goals, and how do we accomplish those goals? Planning. Short- and long-term financial goals can guide you through many of your decisions in life from the small choices like whether to go out for dinner on Friday night, to the large debates about whether to send your child to a private university or a state college. Here are my tips on how to get started: 1) Develop a … [Read more...]
Welcome to Nakata Consulting’s Blog!
My goal is to provide my clients with good, useful information and resources. I work to create and share articles that will truly help you run your business. For quick “bites” of up-to-the-moment information, be sure to like our Facebook page! … [Read more...]