How Do I Maximize My Social Security Benefits?

How Do I Maximize My Social Security Benefits?

If you’ve worked for any portion of your life, you’re probably looking forward to the day when you can retire and collect your social security benefits. But you’ve also probably spent some time worrying if social security will be enough to cover your expenses.

Luckily, there are ways to maximize those benefits. Read More

What Is a Money Market Account?

What Is a Money Market Account?

A brand new year is starting and if you learned anything from 2020, it’s that you need to be prepared for those “what-if” scenarios.

Having adequate emergency reserves is important and consider making it part of your 2021 saving goals. You should always strive to have at the very least six months’ worth of your monthly expenses set aside in your emergency reserves.

There are several options that you can choose from if you want to start saving money for emergencies. One of the best and easiest options is using a money market account.

A money market account is a type of interest-earning savings account, and is intended to offer investors high liquidity with a very low level of risk. They are also insured by the FDIC.

Are you trying to open a money market account? Let’s go through how and why to start using a money market account successfully. Read More

Investing vs. Speculating

Investing vs Speculating

By now, you’ve probably heard about the Gamestop/Reddit saga on Wall Street. Since there’s a Netflix movie coming about the topic, I won’t go deep into detail, but the short version is this:

A group of retail investors (individuals who manage their own investments), noticed and attacked a trend in the stock market. Some people felt that an opportunity arose to play against the large hedge funds and the war was on. It made national news and a ton of money changed hands over the course of a few crazy weeks.

In the end, there were still more losers than winners and life goes on, but what is the real takeaway here? Were all of those people investing or speculating? What is speculating, exactly, anyway? Read More