For self - employed professionals, who are also first - time savers, myRA can help them take an important step toward building a long -
term savings habit by minimizing common barriers to saving.
Not exact matches
You may need to revise your financial goals, adjust
savings habits or weigh extra precautions like a long -
term care policy.
Stocks have a nasty
habit of falling sharply; often at the most inopportune moment and only long -
term savings should be invested in the stock markets.
In addition, our data shows that the common refrain that active doesn't stand a chance versus passive index funds and ETFs is not true, and the focus on the active - passive debate often obscures the much more important issues of good
savings habits, appropriate asset allocation, and taking a long -
term view.
But, not recognizing the
habit and digging yourself into lots of credit card debt or not having emergency
savings will have long
term negative consequences.