Understanding IRAs: The Complete Guide

IRAs, or Individual Retirement Accounts, are essentially savings plans that come with considerable tax breaks. Do not confuse them with investments. Instead, think of them as a safety deposit box where you can store paper assets such as cash, mutual funds, stocks, bonds, etc.

Personal Finance

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Understanding IRAs: The Complete Guide

Understanding IRAs: The Complete Guide

IRAs, or Individual Retirement Accounts, are essentially savings plans that come with considerable tax breaks. Do not confuse them with investments. Instead, think of them as a safety deposit box where you can store paper …

Personal Finance

Read More...

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Must Read Personal Finance Books

Must Read Personal Finance Books

Here is our list of top personal finance books you absolutely must read. Personal finance books explain precious tips to establish your productive relationship with money.

Financial Literacy

ARM vs a Fixed-Rate Mortgage

ARM vs a Fixed-Rate Mortgage

When you get a mortgage there are two main types to consider. Do you want to take a loan with a fixed or adjustable rate? What are the advantages and disadvantages of both?

Risk Reduction, Homes and Real Estate

What to Look for When Buying a Used Car

What to Look for When Buying a Used Car

Buying a used car can be a risk if the car has many mechanical issues. For the sake of your budget you want to make sure you are not buying a money pit that needs …

Personal Finance, Risk Reduction

Ways to Let Your Kids Inherit Your House Tax-Free

Ways to Let Your Kids Inherit Your House Tax-Free

When it comes to passing on inheritance, there are ways to do it tax-free. Specific tools, like a gift asset, a trust, or a will goes a long way in helping your heir avoid taxes.

Homes and Real Estate

401(k) vs. Roth 401(k): Which One Is Better?

401(k) vs. Roth 401(k): Which One Is Better?

In this article, I will talk about two retirement plans - 401(k) and 401(k) Rorth. At first glance they seem to be the same because they have 401(k) in their name, but in fact, there …

Personal Finance, Net Worth

Short-Term vs. Long-Term Capital Gains

Short-Term vs. Long-Term Capital Gains

There are two types of capital gains to input on your taxes - short and long-term capital gains. Continue reading to delve into the differences between these types.

Gross Income vs. Net Income

Gross Income vs. Net Income

There are two types of income - net and gross. One is what you negotiate, the other is what you can spend. It is important to know the difference between the two when planning your …

Financial Literacy, Budgeting

Amazon Prime vs. Walmart Plus a Comparison

Amazon Prime vs. Walmart Plus a Comparison

Who doesn’t like the idea of free shipping, next day delivery, 5% cash back, and the ability to choose thousands of premium goods all in one place? Here we compare Amazon Prime vs Walmart Plus.

Personal Finance

6 Ways to Improve for Investing IQ

6 Ways to Improve for Investing IQ

Do you know anything about investing? Do you know how stock and bonds are used for retirement planning? Do you know how to avoid excessive fees? Below I’ll outline some essential concepts to increase your …

Financial Literacy, Net Worth

Social Security Colas: Everything You Wanted to Know

Social Security Colas: Everything You Wanted to Know

To combat the ill effects of inflation on people who are retired, a concept called ‘Cost of Living Adjustment’ (COLA) is used to help retirees keep up with rising costs. As a consumer, it is …

Personal Finance, Budgeting

How to Minimize Student Loans While in College

How to Minimize Student Loans While in College

Read this article for ways college students can minimize their loans while studying, or importantly build a debt reduction strategy starting in high school.

Personal Finance, Budgeting

Reasons to Start Discussing Finance With Your Kids

Reasons to Start Discussing Finance With Your Kids

Ideally an individual should learn about the foundations of finance from childhood. This step will aid them in making correct decisions concerning handling money. The different methods by which you can begin incorporating this measure …

Family and Finances

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