How To Open A Roth IRA In Under 30 Minutes

How to Open a Roth IRA in Under 30 Minutes

You need to do this today. Single moms – women in general, actually – are waaayyyyyy behind when it comes to retirement savings. We all have plenty of reasons for this… but when we’re 80 and out of money, those reasons won’t matter at all. So today we are going to take 30 minutes to open up Roth IRA accounts. We’re focusing on Roth IRAs specifically because you always have free and complete access to the money you put in. This takes a huge barrier out of the way of retirement savings: This money is not locked up, and you…

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Avoid Target-Date Retirement Fund Traps

Avoid Target-Date Retirement Fund Traps

What you don’t know about target-date funds can hurt you Note: This article contains affiliate links. I may receive compensation if you click on them. Thank you for your support. When your to-do list is already a mile too long, it’s tempting to go the easiest ways to get things done. That’s especially true when it comes to financial matters – like retirement savings – that seem complicated. That’s why so many single moms go with the hands-off, no-worries choice in their retirement plans: target date retirement funds. The whole point of these is to pick one, then ignore it…

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Before You Sign a Loan Agreement…

Understand All of the Terms & Conditions Please Note: There are affiliate links in this post that I may or may not profit from.  If you’ve ever applied for a loan and been baffled by the papers you had to sign, you’re not alone. Those documents were created by lawyers working for big banks and lenders, and they’re stuffed with confusing, unfamiliar language – especially if you’re a first-time borrower. These contracts spell out exactly what you and your lender have agreed to, including: Your rights and responsibilitiesThe lender’s rights and responsibilities (which vary depending on the type of loan)What…

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These 5 Budgeting Myths Threaten Your Financial Security

The truth about budgets brings financial freedom Budgets are a single mom’s best financial friend – hands down. Kids are expensive, and it’s even harder to make ends meet when you’re working with one income. That’s where budgets come in to save the day. Unfortunately, just the word “budget” can turn people off. And the idea of having to deal with a budget can make an already overwhelmed single mom shut down. That’s because many people have the wrong idea about budgets, and think they’re are all about cutting expenses… sacrificing fun… and getting bogged down with time-consuming spreadsheets. The…

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