Category: Finance

Thinking about converting your retirement account to a Roth IRA? It’s easy to see why the Roth IRA is so incredibly popular. Contributions to a Roth IRA are made with income that has already been taxed, meaning there’s no initial tax benefit, but the money you have in a Roth grows tax-free over time. Roth […]

Financial bloggers often portray the traditional IRA vs. the 401(k) plan as a debate, as if one plan is better than the other. In truth, they’re very different plans, and they fill very different needs. If you can, you should plan to have both. This is especially true if your 401(k) plan is fairly restrictive. […]

What was once an edgy new market full of interesting, unfamiliar names – Bitcoin, Ethereum, Tether, non-fungible tokens (NFTs) – and promises of high financial returns has now become better known for its scandals and potential for large, unexpected losses. While the consequences for the leaders of disgraced crypto firms like Terra and FTX remain […]

The concept of a family trust—also known as a revocable living trust—isn’t very well understood by many people. The differences between a trust and a simple will, for instance, are frequently confused. While it’s somewhat more time consuming—and therefore, more expensive—to have a family trust prepared than a will, there are significant benefits of the […]

As a financial planner, I get a lot of concerned questions from my clients regarding their investments. One recently asked me: What exactly happens if the brokerage firm I’m custodied with goes out of business? This is a great question because many people don’t know their investments have protection in the first place, or they’re […]

One of the issues that many people have been concerned with during this recession is what happens when a bank is seized by the FDIC. This is a matter of concern because the recession saw quite a few bank closings, and there are still hundreds of banks still on the FDIC watch list for potential […]

In an era where data is becoming ever more valuable, open finance gives consumers control over their personal financial data so that they may benefit from more suitable and better-targeted financial services. Under open finance, consumers can direct the transfer of their data from banks and other financial institutions (data holders) to fintechs and other […]

When at the point of wondering how to invest $200,000, that’s definitely a good sign. After all, having this amount to invest means you’re on the fast path to building long-term wealth. This is especially true if you can invest $200,000 and leave it alone for a decade or two, giving compound interest plenty of […]

$25 per hour is $52000 a year. Find out how this is calculated and pick up budgeting tips and side hustle ideas. Have you ever wondered how much your annual salary would be if you earned 25 dollars an hour? The fact is, too many people who earn an hourly wage don’t know how much […]

Contrary to popular opinion, you can make good money in customer service, and companies tend to promote from within. Here are 15 of the highest-paying jobs in consumer services. The U.S. consumer service industry is worth hundreds of billions of dollars and includes more than 450,000 single-location and multi-location establishments. Despite declining overall employment numbers […]