How to Pull Off a Mega Backdoor Roth IRA
For those who earn an income that makes them ineligible to contribute to a Roth IRA, a mega backdoor Roth IRA may be an effective tool to help them save for retirement, and also get […]
What is the average rate of return for a 401(k) in the US?
The average rate of return on 401(k)s is typically between 5% and 8%, depending on specific market conditions in a given year. Keep in mind that returns will vary depending on the individual investor’s portfolio, […]
10 things to do instead of spending money
A 30-day no-spend challenge is a set period of time — 30 days, in this case — during which you can only spend money on absolute necessities. Allowed expenses include utility bills, rent, transportation costs, […]
Is $1M enough to retire at 55?
Who doesn’t want to retire early? If you have $1 million stashed away by age 55, you may feel like you have enough to leave the rat race and ride out your golden years. […]
Crypto mining fees: An overview & fee calculations
There’s always a cost to doing business. And that includes mining cryptocurrencies like Bitcoin — a cost that is often expressed as a trading fee, a transaction fee or a “mining fee.” As […]
Blockchain in real estate: 4 benefits to know
While it may not seem intuitive, real estate is one of many industries with potential blockchain applications. In fact, blockchain may even provide a superior method of conducting business in the real estate industry […]
What is NFT minting?
You’ve probably heard of non-fungible tokens, or NFTs — and you may have heard that some of them are selling for big bucks. Still, NFTs are somewhat of a mystery to many people, whether they […]
What is Filecoin (FIL)? How to buy FIL
By now most people have heard of established cryptos, like Bitcoin or Litecoin. But it seems like every day there’s another newcomer on the scene. Filecoin (FIL) is one such cryptocurrency that is drawing curiosity. […]
What is Enjin coin (ENJ)? A beginner’s guide
Crypto investors have an increasing number of choices lately, including Enjin Coin (ENJ), which launched during the summer of 2018. Unlike many other crypto investing options on the market, Enjin Coin (also referred to as ENJ crypto) […]
Crypto taxes 2021: How to pay taxes on cryptocurrency
Over the past decade, cryptocurrency has slowly but surely become one of the hottest investments on the market. While many people were initially skeptical of crypto’s staying power and appeal, the rise of cryptos like […]
How tax on mutual funds works
For a long time, mutual funds have been a popular investment vehicle for millions of investors, largely because they offer an easy way to purchase no-fuss, diversified assets with relative ease. This out-of-the-box diversification and risk-mitigation is […]
The risks of playing the stock market
To the uninitiated, the stock exchange can seem like a casino, with news and social media feeds sharing stories of investors striking it rich by playing the stock market. But while there are winners, there are also […]