All Topics > Financial Services > Investments Tips For College Graduates >

Investments Tips For College Graduates Illinois

Nowdays, there are more and more newly-graduated students starting the investment. New graduates should max out their 401(k) plans and stay informed of market trends. Here are tips for college graduates.

Local Companies

CMFS Group, Inc.
309-263-0022
204 N. Main Street
Morton, IL

LPL Financial Services
(312) 923-8700
420 W Grand Av
Chicago, IL

Trans Financial Solutions LLC
630-557-5152
PO Box 803338
Chicago, IL

Palmer Financial Services
312-624-9464
770 N. LaSalle Street
Chicago, IL

Heinold-Banwart Ltd.
(309) 694-4251
2400 North Main Street
Peoria, IL

312 Universal American Financi
(312) 840-8575
401 N Michigan Ave
Chicago, IL

A R Umans
(312) 654-9380
194 E Delaware Pl
Chicago, IL

Equipment leasing
919391657907
121 W Wacker Drive, Suite 2020
Chicago, IL

Clifton Gunderson LLP
(309) 671-4500
301 SW Adams
Peoria, IL

Ginoli & Company Ltd.
(309) 671-2350
411 Hamilton Blvd
Peoria, IL

Provided by:

Investing and trading are like smoking. Both are addictive and can change the quality of your life. For the college graduate, here are five tips to starting a financially-healthy life:

1. Max out your 401(k)

This is the best way to get FREE money. Most employers will match your contribution up to a certain limit. There is one main choice in this area: Traditional or Roth. A traditional plan will take the deduction out of your paycheck before taxes; a Roth plan after. If you are just getting out into the world on your own and are strapped for cash, a traditional plan is advisable. It allows you to take home the maximum amount of money each month. The downside to this is that you will be taxed later in life when your individual tax rate may be higher.

Here's a quick example: Your paycheck is $1,000, contribution rate is 10%, and tax rate is 20%.

Individual Retirement Account- Traditional: ($1,000 - ($1,000 * 10%) = $900 - ($900 * 20% tax) = $720 take home pay

Individual Retirement Account - Roth: ($1,000 - ($1,000 * 20 %) = $800 - ($800 * 20 % tax) = $640 take home pay

2. Know Yourself

Picking individual stocks to invest in requires time for researching and analyzing different stocks. If you are not willing or able to put in the necessary time for research, let someone else do it for you. There are several avenues you can take in the mutual fund and 401(k) world. This will allow you to pick the general investment sectors, areas of the world, and risk level you want to invest in, but a professional will take over from there.

Featured Local Company

CMFS Group, Inc.

309-263-0022
204 N. Main Street
Morton, IL
www.cmfs.net

Read more about Investments Tips For College Graduates

- Personal Finance. Credit Agencies Refused Access To Information About Student Loans Illinois

These days, when you apply for a mortgage, loan or other form of credit, the lending industry will automatically scrutinise your personal credit history.Prior to September 1998, graduates repaid their student loans by mortgage style direct debits collected once the graduate started earning over $15,000.

- How to Make Smart Investments Illinois
- Investing Your Money Illinois
- Prioritizing Debts and Investments for Young Professionals Illinois
- Bulletproofing your Investments Illinois
- Consolidate Debt Illinois
- Basics Of Investing Illinois
- Money Tips for Newlyweds Illinois
- Student Investments Illinois
- How To Spot Fake High Yield Investments Illinois

Regional Articles

- Investing Your Money Illinois

There is a lot to know about investing and there are many different types of investment options out there. This article strives to make it easier to choose the right one for you by outlining the four major types of investments.

- Personal Finance. Credit Agencies Refused Access To Information About Student Loans Illinois
- How To Spot Fake High Yield Investments Illinois
- How to Make Smart Investments Illinois
- Bulletproofing your Investments Illinois
- Student Investments Illinois
- Prioritizing Debts and Investments for Young Professionals Illinois
- Consolidate Debt Illinois
- Money Tips for Newlyweds Illinois
- Basics Of Investing Illinois

Related Local Events

QUALITY EXPO 2009
Dates: 9/14/2009 - 9/17/2009
Location: Donald E. Stephens Convention Center
Rosemont, IL
View Details

Shared Services for Finance and Accounting
Dates: 7/20/2009 - 7/22/2009
Location: Hyatt Regency McCormick Place
Chicago, IL
View Details

Financial Analysts Seminar
Dates: 7/19/2009 - 7/24/2009
Location: Gleacher Center
Chicago, IL
View Details

ANNUAL SIX SIGMA IN FINANCIAL SERVICES CONFERENCE 2009
Dates: 6/23/2009 - 6/25/2009
Location: WCBF Six Sigma Solutions
Chicago, IL
View Details

U.S. Tax Planning in the Current Economic Environment
Dates: 6/18/2009 - 6/19/2009
Location: Baker & McKenzie Conference Center
Chicago, IL
View Details

Advertising	Food & Beverage	Nightlife
Business Services	Franchise	Online Database
Career	Health	Pets
Cars	Holidays	Real Estate Resources
Computer Hardware	Home Appliances	Retail & Consumer Services
Construction	Home Electronics	Software
Education	Home Services	Technology
Entertainment	Industrial Goods & Services	Telecommunications
Environmental	Insurance	Trade Shows
Family	Internet	Travel
Fashion	Legal	Weddings
Financial Services	Miscellaneous	World History

Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History