Living on one income doesn’t necessarily mean sacrificing what’s most important to you. By planning and saving smartly, single income families like yours can reap benefits now and later.
Having kids, paying for college, financing a home, and paying for retirement are all within reach when you follow a few simple steps.
Did you know that a whopping two in three families don’t have an emergency savings fund? Is it any wonder, then, that over half (53%) of adults feel financial anxiety?
These statistics are even more relevant in 2021. With the worldwide pandemic and global financial instability, we have a lot to lose. Are you feeling particularly anxious due to your finances this year?
If so, then the following financial tips are for you. Read on to learn some awesome finance facts that you’ll wish you’d known sooner! Read More
Investing can seem a challenging world to break into, or even understand sometimes. There are ETFs, stocks, bonds, mutual funds, CDs…and who could forget the good ole annuity? However, investing for beginners doesn’t need to be so complicated.
Becoming an investor is simply preparing your money for the future. Whether that’s investing in stocks or moving your money into other investments, your money should be working towards your future. Read More
Are you faced with (or hoping for) an early retirement?
Then you’ll want to do your homework to learn how to retire early without hurting your finances.
According to a study from the Employee Benefit Research Institute, nearly 50% of workers plan on retiring after the age of 65 to collect maximum social security benefits. However, only 19% end up staying that long.
Most of the time, early retirement can be attributed to unexpected events such as poor health, economic downturn, loss of employment, or family issues. However, with the right planning and budgeting, you can retire early on your own terms. Read More
Most financial advisors either love them or hate them.
Are annuities the right retirement option for you?
Are you planning for retirement?
If so, you may be thinking, “How do I convert that money I set aside during my years of work into ongoing income?” The financial industry does not suffer from a lack of choices when it comes to investments and, quite often, annuities can be an appropriate option in retirement.
Yet probably no product in existence generates so many reactions as annuities.
Before you invest in them, however, there are many different things to consider. Keep reading to learn more about what annuities are, the types of annuities, and how to determine if it’s a good investment for your future. Read More
Read on to learn the advantages and disadvantages of traditional vs. Roth IRA to make the right decision for your retirement.
Planning for one’s retirement is one of the best ways to make sure that you’ll have the means to support yourself and your family when you no longer have a paycheck. And the earlier you start planning, the more prepared you’re going to be.
One of the most important things to know about retirement planning is the difference between traditional vs Roth IRAs. By choosing the right kind of IRA, you could potentially end up saving yourself thousands of dollars.
If you’re interested in learning more about IRAs, then continue reading and we’ll take you through everything you’ll want to know! Read More
A 401k retirement plan has been a standard part of employee benefits packages since the late 1970s. This type of retirement plan involves withholding contributions from each worker’s paycheck and holding those monies tax-deferred in an investment account until that worker retires.
Nonprofit, tax-exempt organizations were not able to offer 401k plans to their workers until 1996. Before that year, the only employer-sponsored option for nonprofits and their employees was known as a 403b plan.
The 403b plan is still an option for nonprofit workers and exists alongside traditional 401k offerings. But what is a 403b, exactly, and is it a good investment? Read on to find out.
Apparently, most Americans are not prepared for retirement. While these people may not be terribly concerned about their future at this point in their lives, many are in for a rude awakening when their income suddenly drops dramatically.
By having an individual retirement account (IRA), you can diversify your portfolio and prepare your finances for your future. You might not know this, but there are actually two different kinds of IRAs: the traditional IRA and the Roth IRA.
Did you know that 48% of older Americans have no savings in retirement plans (such as an IRA or 401k)? If you’re one of them, there’s a good chance that you’ll face very serious financial issues as you grow older.
The good news is that it’s never too late to get started! Once you understand the must-know retirement plan basics, you can open an account and start putting money away for your future.
Stick with us as we answer important questions like “What is a 401k plan?” and “How does a 401k work.” By the time we’re done, you’ll feel confident opening up one of your own. Read More
If you’re looking to save for your and your family’s future, an Individual Retirement Account (IRA) is an effective way to do so. But what is an IRA account and how does it work? What are the different types of IRA? What is an IRA actually useful for?
Read on to find out everything you need to know. Read More