You know saving money for retirement is crucial. You know your quality of life during retirement will depend on your retirement savings. But do you know which retirement account will best suit your needs? Should you pick a 401(k) or an IRA (aka individual retirement account)? There is no right or wrong answer. Truth is,
Investing
You’d have to be living under a rock not to notice cryptocurrency’s recent rise in popularity. Many curious and aspiring entrepreneurs have made fortunes in Bitcoin, Ethereum and other forms of digital currency – and many others have followed them, hoping to turn a quick profit. In turn, fraudsters have swooped in to take advantage
Stocks, or equities, are shares of ownership in a company. Investing in the stock market by purchasing these shares can be a great way to grow your money for the future. But how much money you make – or lose – largely depends on the stocks you pick. So how do you know which stocks
When the prices of goods and services go up, it can be hard to know where to invest your money. Even the interest rates on high-yield savings accounts don’t usually keep pace with inflation. Stocks and other investments can offer greater returns – but they are riskier. If you’re looking for a place to invest
When it comes to investing, there are many different options to pursue, from stocks and bonds to commodities and mutual funds to real estate investment trusts and more. The options are endless – and often confusing. But any investment professional worth their fees will let you know the importance of diversifying your portfolio with a
There are always different levels of risk in life. It’s all about how much you’re willing to take and whether the rewards outweigh the risks. When it comes to investing, you may be faced with a similar question: What’s your comfort level when it comes to the possibility of losing money? This is referred to
There are many numbers involved when it comes to loan terms and savings accounts, like interest rate, annual percentage rate and annual percentage yield. But interest is more than just a number. Knowing if it’s simple interest or compound interest can help you make better financial decisions – whether you’re saving, investing or borrowing. Compound
Ever wonder where your money is going? A monthly budget might provide an answer. A budget is a blueprint of your income and expenses. It can help you to reach your financial goals and take control of your finances by tracking how you spend – and save. You don’t have to be a finance whiz