Welcome To Genius Mom

Living as modern moms in today's fast changing world require ever expanding horizon and perspective.

Today's Moms are faced with many challenges from managing household issues, financial decisions, parenting, to preparing proper nutrition for the whole family.

This blog is dedicated to every hard working, creative, problem solver, smart, and genius Mom in the world.

Living to make their families happier with a long term vision of building a beautiful legacy to the next generation
To become the Best Mom in the world doesn't always require you to spend lots of money.

All you need to do is simply investing more love and care to your loved ones.

In addition to that all you need to become the smart parent are proper guidance and resources to help you determine which decisions to take.

We at Genius Mom are glad to help you by providing high quality information to aid you in the journey of becoming the Best Mom for your family.

So please enjoy your time and visit...

Retirement Plans: Invest Today For Your Future Financial

Retirement is a fact of one’s life no matter whether it be near or still have plenty of time to come but still everyone has retire one day or other.

You therefore must need to invest for your retirement purpose. Savings alone will not be able to satisfy your cost of living and other uncertainties of life. So investment is necessary for these purposes.

Companies also offer the retirement plans for their employees but these plans are not as good as it was in past. After the scandal of Enron and his followers bad experiences companies are not providing secure plans. So if you do not want to invest with your company you can have many other alternatives available.

You can make your investment plans by investing in bonds, stocks, mutual funds, money market accounts or in certificates of deposits. You do not need to mention to anyone that this investment is for your retirement purpose. Just invest your money to let it grow over time. Once your investments reach to the maturity time you can again invest it back so to earn more profit out of it.

Individual retirement accounts (IRA) is another way to invest your money. Here you just need to open the account and make your investments. The taxes will not be deducted until you have make withdrawal of money. Mostly all banks provide IRA accounts.

The newer type of IRA account is Roth IRA. In Roth IRA you just have to pay tax on your invested amount and when you make withdraw of your profit you do not need to pay additional taxes on it. Roth IRA accounts are also offered by other financial institutes.

Another famous type of account for retirement is 401(k). This type of account is offered by the employers and you can even open this account on your own. If you want to open it yourself you should ask your financial planner to give you guidance in this regards.

Keogh plan is another type of IRA which is better for self employed persons.

SEP self employee pension plans is a type of Keogh plans which is suitable for the small business self employed owners. This SEP plan is easier to administer than Keogh plans.

You may select any of above mentioned investment plans for your retirement but make sure that you select only one of them. Do not bind yourself in too many things which become difficult to follow. Do not also make your future financial needs dependent on the inheritance or other social securities. You must invest today in retirement plans to have a secured future.