If you work for a company that offers a retirement plan, such as a 401(k) or 403(b), you probably have the option of making “traditional” or “Roth” contributions to your account. While having more investment options […]
Is it possible to save money and thrive in an uncertain economy? The way to move forward and progress financially is often unpredictable. But taking the right steps now could set you up for financial freedom down the […]
Financial Freedom. The ultimate goal for many of us. But what does it really mean, and how do you get here? Those are the questions that a lot of us get stuck on. Financial Freedom […]
A “rule of thumb” is a mental shortcut. It’s a heuristic. It’s not always true, but it’s usually true. It saves you time and brainpower. Rather than re-inventing the wheel for every money problem you face, personal finance rules […]
Studies show that women have better investing outcomes than men, despite claiming less knowledge and confidence, which I find fascinating. These stats also make me feel quite smug about the countless conversations I’ve had with […]
Want to learn how to turn $40,000 into $750,000 with just one rental property? That’s the power of real estate, and the subject of the case study later on in the post. But real estate […]
Depending on your lifestyle and location, you may need up to $600k to retire comfortably. However, only 14% of Americans in their 40s and 50s have more than half a million put away. During the COVID-19 pandemic, […]
Let’s be honest — investing sounds a lot sexier than building an emergency fund. But the truth is that many people get into the stock market before they’re financially ready for it, and while the […]
Tax-loss harvesting is the strategy of purposely selling some holdings at a loss in order to offset the taxable profits of another investment. Investors “harvest” a loss from one asset and can then use the […]
More than 6 in 10 Americans aren’t on track with their retirement savings, according to the Federal Reserve. If you’re getting close to retirement age and still working on your nest egg, you might have […]