Pick and choose financial tips that are right for you
News from Pacific Daily News:

Many polls have shown that one of the top concerns for 2013 is personal finances. Many of us are leery about the uncertainty of the economy and making ends meet. The last three weeks I have given some tips to a reader wishing to improve his financial status. Here are a few more.

Consider saving for education. You may be considering saving money for your children’s college education or for you to return to college.

There are many ways to go about saving for an education. The traditional way is a savings account or savings bonds.

There also are government incentives such as a Coverdell Education Savings Account or if you’re a resident of one of the fifty states or the District of Columbia, you may consider using the state 529 plan.

There also are many grants and scholarships offered. You can learn more at savingforcollege.com.

Diversify your investment portfolio. You may want to think about investing the money you are saving.

Deciding on how to invest your money depends on what your saving goals and timelines are.

If you plan to retire in 30 years you may decide on a higher yielding investment, this usually is a riskier investment.

If you retire in the next five years you may want to consider a safer investment.

Either way, investing in stock or bonds depends on your comfor…………… continues on Pacific Daily News

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