5 Step Guide to Complete Retirement Security
How Roth IRA Fees Affect Your Return on Investment
The Roth IRA is one of the most widely used retirement vehicles in the U.S. An Individual Retirement Account (IRA) has two types – the traditional IRA and the Roth IRA. The two accounts are similar in many ways. They are both tax-advantaged accounts that can offer you...
How Often Should You Review and Update Your Financial Plan?
A financial plan is a document that contains your financial goals, strategies to achieve those financial goals, your current financial situation, debt liabilities, and more. All in all, it serves as a guide to financial freedom. You can create a financial plan as...
Financial Planning for Women At All Life Stages
Financial planning is critical for all people. Financial planning can be vital for everyone regardless of age, income, or gender. However, it can be more crucial for some groups than others. If you look at the gender gap, you will notice that for every dollar earned...
Why You Should Use a 401k During Your Peak Earning Years
Retirement planning can involve a number of things, right from investing in stocks, bonds, and mutual funds to certificates of deposits, money market accounts, real estate, etc. It also requires a host of strategies like tax saving approaches, tracking expenses,...
Average Retirement Income in the USA: Where Do You Stand?
No matter how much you save or invest throughout your life, your retirement savings are limited, so you should use them optimally. The chances of working after retirement are scant. Even if you find a way to earn money, you may not be able to work for long due to...
How to Invest in a Roth IRA to Maximize Potential Returns
An Individual Retirement Account (IRA) is a tax-advantaged retirement account that lets you plan and save for your retirement needs. You can open an IRA at the bank, with a credit union, a life insurance company, a broker, or a mutual fund house. There are two types...
What Is Tax-Loss Harvesting And Why Is It Important?
Tax-loss harvesting refers to a strategy wherein you can sell securities at a loss to offset your capital gains tax due on the sale of profitable securities. In other words, you can sell your investment at a loss to lower your tax liability. Tax-loss harvesting can...
Pros and Cons Of A Roth IRA Conversion
If you have been planning for your retirement, you may have come across several types of savings and investment accounts. The two most popularly used include the 401(k) and the Individual Retirement Account (IRA). For decades, retirees have relied on these to save for...
What’s So Special About a Roth IRA?
Even though Roth Individual Retirement Accounts (IRAs) have been around since 1998, many investors aren’t aware of all the differences between traditional and Roth IRAs. Thus, they aren’t sure which IRA is the better alternative for them. As a summary, the unique...
Should You Consider a Roth Conversion While the Market is Down?
A market downturn can seem crippling. Managing your expenses and aiming for financial growth can be challenging as your investments start to fall and inflation rises. The stock market has been a cause of concern of late. Several global crises have led to an economic...
The Importance of Calculating Your Personal Inflation Rate
Several things can impact your growth when you plan your finances and future goals. A new government policy on tax, your personal debt situation, poor financial planning, a downturn in the market, etc., can come in the way of your progress. Inflation is another...
4 Tips For a Successful Investment Journey
Investment is the road to wealth, financial security, abundance, comfort, and a lot more. However, it is crucial to understand the concept of investing in order for it to work in your favor. Successful investing may not come to you instantly. It can require years of...