Basics

GOT QUESTIONS? WE’VE got answers. This chapter’s goal is to tackle basic financial questions that often crop up, especially among those new to the world of investing and personal finance.

When we’re starting out, there’s so much we don’t know—and so much uncertainty—that it can be paralyzing. Want to get your finances headed in the right direction? You might focus on the 13 questions below. Also be sure to try the Two-Minute Checkup.

• What should be my top financial priorities?
• How much should I save?
• How can I get started as an investor?
• How much cash should I hold?
• What mix of stocks and bonds should I own?
• Should I buy into stocks slowly or all at once?
• Should I fund Roth or traditional retirement accounts?
• Should I purchase a home?
• How much can I safely borrow?
• What insurance policies do I need?
• How much money do I need for retirement?
• When should I claim Social Security?
• What estate planning steps should I take?

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