Category: Retirement Planning

If you're trying to save money for retirement, you're probably familiar with IRAs - individual retirement accounts. IRAs come in two flavors: traditional and Roth.  Both can help you save for retirement, but there are some crucial differences between traditional IRAs and Roth IRAs. We'll get into the details of their differences and similarities below....

ETFs, exchange-traded funds, are funds that trade on stock exchanges - just like the name spells out. They're like the sexier, more flexible cousins of mutual funds. And ETFs make a great choice for building up wealth. To start, every ETF holds a whole portfolio of securities, just like a mutual fund. You can find...

Please Note: This article contains affiliate links. If you click on those links, I may receive compensation.   Ready to start investing but not sure how to buy shares in stocks and ETFs (exchange-traded funds)? The process can feel intimidating when you haven't done it before, but it's much easier than you think. And now that you've...

They can wipe out your entire savings in minutes Be aware: Scammers are coming after your retirement savings. These con artists come armed with a huge bag of tricks they use to get you to willingly hand over your money. And they’re very convincing… so you have to be ready for them. After all, saving...

UPDATED FOR 2021 You still have plenty of time to lower your 2020 tax bill. For a win-win, make an IRA contribution for 2020. You can go with a currently tax-deductible traditional IRA or the Roth IRA (which is not deductible this year but offers many other advantages). As long as you put the money in by April 15,...

Please Note: This article may contain affiliate links. If you click on those links, I may receive compensation.   The last you want to be thinking about now is next year’s tax return. This year has been chaotic, frightening, confusing, stressful, and mostly exhausting. So piling on the thought of taxes sounds… taxing. But this is...