Make your money work for you

If at age 25 you deposit $100 a month into a mutual fund with an annualized return of 10% a year, you’ll have about $640,000 when you’re 65. You’ll have deposited a total of $48,000 of your own money. On the other hand, if you procrastinate and wait until you’re 40 to start saving, you’ll ...
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How to respond to fraud or a data breach

Time is of the essence, whether your personal data has been compromised as part of a larger targeted cyberattack or you are the victim of fraud or an individual cybercrime. You’ll need to take immediate action to minimize the impacts. These are steps you should take within specified time frames af...
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Top 5 investor mistakes

We talk a lot about investor behavior at Azzad. Unlike the ups and downs of markets, it’s one of the few variables investors can control. Successful investing is hard, but it doesn’t require genius. Often, success simply means identifying your own psychological weaknesses and changing some behav...
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2016 Year-End Financial Planning Basics

As we end the year, it’s time for some housekeeping tasks such as updating your beneficiary information for retirement accounts or other investment accounts. Plus, the window of opportunity for many tax-saving measures ends on December 31. There’s still time to affect your bottom line for the 20...
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The lost art of saving: A four-step plan

According to government data out this quarter, student loan debt, which has doubled over the past 8 years, stood at $1.8 trillion as of June 30. About 11.5 percent of student debt was delinquent or in default for at least 90 days in the quarter that ended in June, up from 11.1 percent in the [&helli...
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ObamaCare and your pocketbook

For the millions of people who have individual health insurance, the impending implementation in 2014 of the Patient Protection and Affordable Care Act (PPACA), popularly known as ObamaCare, is of great concern. The focal  points of this landmark legislation  is the mandate which requires every Am...
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