When you donate money to charity, it not only can make a big difference in someone’s life, it can also reduce your tax liability by lowering your taxable income. Contributions are tax deductible only if made to a qualified organization.
Are you wondering how charitable contributions can affect your finances? Keep reading to find out how giving to charity can benefit your funds. Read More
March is Women’s History Month and, because of that, we’d like to highlight some opportunities for women to manage their path towards retirement.
Just like a properly organized playbook for a big game, a great strategy will help nearly anyone through the difficulties they may face in both preparing for retirement and staying retired. Read More
Luckily, there are ways to maximize those benefits. Read More
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
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
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
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
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
