| When you're working as a travel nurse, saving | | | | Individual retirement accounts |
| money is even more important to secure your future | | | | Other travel nurses supplement their retirement |
| for retirement. Unlike permanent nursing staff that | | | | investment with individual retirement accounts. |
| more or less enjoys a guaranteed pension and a job | | | | Traditional IRA contributions are great because they |
| for the rest of their working life, travel nurses have | | | | are tax-deductible; however, earnings from it are |
| to consider that in times of downsizing and job-cuts, | | | | tax-deferred. Another option is the Roth IRA which, |
| they are the first to go. Thankfully, nurses in urbane | | | | while not tax-deductible, the earnings you will get |
| scrubs free shipping are in high demand even in times | | | | from it are tax-free. So it is up to you if you want to |
| of crisis. Moreover, nursing travel companies, unlike | | | | pay taxes now, or pay them later. |
| before, are offering benefit packages and pension | | | | Saving early |
| contributions to attract nurses. In addition to cash | | | | Saving for retirement is often taken for granted by a |
| incentives and investment vehicles, these nursing | | | | lot of travel nurses, especially the young ones. Saving |
| travel companies offer matching contributions to | | | | as early as you possibly can is key to enjoying a |
| those who wish to invest in a pension plan. | | | | financially abundant future. The money that you save |
| Corporate 401K | | | | now, rather than later, can significantly earn a lot |
| Experts say that 401K contributions combined with | | | | more benefitting from time, compounding interest |
| another pension investment option such as individual | | | | and tax-deferred growth. Pension contributions will |
| retirement accounts (IRAs) are enough for | | | | only take up as small fraction of your salary. The |
| guaranteeing you a comfortable retirement. Travel | | | | deductions can be made automatically, every month, |
| nurses should take this wonderful opportunity so that | | | | so you won't even notice to the point that you can |
| they no longer have to worry about retirement. | | | | more or less "forget" about it. By the time that you |
| Corporate 401K plans are usually managed by the | | | | reach retirement age, you will be financially |
| employer. Every month, contributions are deducted | | | | independent for the rest of your days and will not be |
| from your salary and goes to the investment plan, | | | | a burden to your children or family. You can start |
| and often, your employer matches the contributions | | | | small and gradually increase your contributions every |
| so that it is doubled. Travel companies can offer a | | | | year or when you get a bonus or a raise. |
| nonqualified retirement with IRAs or a qualified 401K. | | | | Diversification |
| The nonqualified 401K is less complicated since it | | | | When it comes to investing, the key is |
| does not have too many requirements and does not | | | | diversification-the spreading of investments. Travel |
| involve too much reporting. Even if the nursing travel | | | | nurses can purchase some company stocks and |
| company you're working for does not offer matching | | | | invest in mutual funds offered by their banks-all |
| contributions, you should still take advantage of the | | | | low-risk investments. Depending on your |
| available investment options offered by corporate | | | | risk-tolerance, you can set up a portfolio by first |
| 401K. | | | | consulting an independent financial consultant. |