Money

What kind of account is a Roth IRA? What is the difference between a Roth IRA and a 401(k) retirement accounts? A Roth IRA is an individual retirement account that allows you to deposit and grow your after-tax earnings tax-free. Unlike a 401(k), you don’t need an employer to sponsor it (and there’s no employer match option). Roth IRAs also allow you to invest however you want rather than making you choose between a few pre-selected funds like a 401(k).  In this article, we’ll explain how to start a Roth IRA so you can begin saving for retirement.

What major financial milestones have you gone through in your life so far? Did you get a promotion? Take out a mortgage? Pay off your student loan? Maybe, started investing? There are a few financial milestones that most people in their twenties and thirties need to consider—like paying for a wedding, negotiating a salary at a new job, and buying a house. Knowing how to navigate them is crucial for financial stability. In this article, you’ll learn the best way to approach those milestones, starting with paying down your student loan.

Do you struggle to keep on top of your finances? Have you thought about personal finance automation? Personal finance automation isn’t just convenient—it’s crucial. When you automate your finances, you bypass all the normal human flaws that get in the way of managing your money (like forgetting to pay a bill on time or not feeling motivated to think about investing), allowing your wealth to keep growing in the background while you focus on other things.  In this article, you’ll learn how to link all your accounts, create a system of automatic transfers between them to fund your investment and

Is your credit card debt getting out of hand? Do you want to finally start paying it off but don’t know to go about it? Getting out of credit card debt not only feels good emotionally, but it also boosts your credit score and can save you thousands of dollars in interest. Instead of thinking of debt as a looming monster you’ll have to deal with “someday,” think about how much money you’re losing every day by carrying a balance that’s racking up interest. In this article, you’ll learn how to get out of credit card debt in five steps.

Thinking of hiring a financial advisor to help manage your investment portfolio? Does one really need professional expertise to manage their investments? If you’re not a personal finance expert, managing your portfolio might seem intimidating, and you may even be tempted to hire a professional financial advisor. However, unless your financial situation is especially complicated, you don’t need a financial advisor—you can get the same (or even better) results by managing your own investments, even without any special expertise.  In this article, we’ll see how financial “experts” are typically no better than amateurs when it comes to predicting the market

Should you get a credit card? Why do some personal finance advisors discourage young people from getting credit cards? Credit cards have somewhat a bad rap: many personal finance gurus urge people (especially young people who don’t have financial stability) to stay away from them. But credit cards aren’t inherently bad—if you use them responsibly, they’re a great way to proactively improve your credit and get access to useful perks. In this article, you’ll learn the pros and cons of credit cards, how to use credit cards responsibly to build your credit, and how to find the right credit card