The 50/20/30 Budget Rule is a simple and effective way to manage your finances. This rule divides the money that you have available for spending into three categories: 50% on…
50/20/30 Budget Rule: Making the Most of Your Budget
Why You Should Bank on Compound Interest
investing. Simply put, compound interest means that you earn more money on your existing investments by reinvesting some or all of your dividends back into new investments. With compound interest,…
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What are the best types of retirement accounts and what’s the difference?
Retirement can and should be a reality for everyone. After all the hard work and dedication, you deserve to rest and enjoy life. No matter what stage you are at…
What is the typical retirement age in the USA and when can you apply for Social Security
Retirement is one of those life milestones that many Americans look forward to. However, the age at which it’s possible to comfortably retire will vary based upon the situation an…
What is a 401k?
If your employer offers a 401k and the plan includes a match, you will want to at least contribute enough to gain full value from the match. That match is…
What is a Roth Ira?
What is a Roth IRA? A Roth IRA is one of the many individual retirement accounts available that allows you to save for the future. While most retirement accounts are…
What are Guaranteed income annuities (GIAs)?
What are Guaranteed income annuities (GIAs)? An annuity is a contract, and like all contracts, it can be sticky to get out of. If you’re not fully comfortable with the…
What is the Roth IRA 5-year rule?
What is the Roth IRA 5-year rule? Planning for retirement is one of the most important financial decisions you can make. One commonly recommended retirement savings method is an Individual…
What is the Financial Independence Retire Early (FIRE) movement?
What is the FIRE movement? If you don’t want to waste your life working all the time, explore the financial independence and retire early movement, or FIRE. The concept lets…
What is a will and why should you have one?
Discounting our mortality could have greater ramifications in our post-life years. Under this text, we will deeply cut through legal and other justifications as to why you should document how…