At work they offer something called deferred compensation, which simply put is a way to save money before having to pay Uncle Sam. This means that before you pay taxes on you money, it is distributed out to these funds tax free. However, once you retire and begin to use these funds you are taxed so in the end you still have to pay. The only benefit is if you are much older, you will be in a lower tax bracket and wind up paying out less in taxes.
For myself I like long and short term gain, with short term gain you can invest a large amount and receive high yield returns in a few months. This is great because if you have something you want to purchase and your money is not the amount that you need, by investing a large amount in a short time you will gain quickly. Long term is good too, I found that when you are raising children and you want them to go to college these types of investments are also good. They help you earn substantial amounts of high return over the years. There's one I learned of called the 529 Plan and this allows you to save long term for your children's education. Let's take a look at some examples: http://www.myallstatefinancial.com/financial-products/college-savings.aspx As you can see, this plan allows you to save long term and tax free.
There are so many different ways to acquire these types of returns and earn whether it is a short term or long term investment. These are a few short terms I want to share with you, they can be beneficial to those of you that desire to use them. http://www.hourlyrevshare.net/splash/?ref=marieclv Many people are skeptical about investing, however I must say that if you are spending scared money you may as well not spend it. There are always chances in life, everyday that we wake up and get started on our day we are taking a chance. We don't know what the day will bring, life itself is a chance. Our life is not promised to us, from a second to an hour we don't know what could happen.
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