People often die while still owning plenty of assets in their retirement accounts. These tax-advantaged accounts become part of their estate, to be distributed to their heirs. Unfortunately, the rules governing these inherited retirement accounts are anything but simple. Different…
Roth IRAs come with different rules than traditional IRAs. And savvy investors can take advantage of those differences to pull off several neat tricks. One of those tricks? Using your individual retirement accounts before age 59 ½, the “official” minimum…
The Federal Reserve aims for an average annual inflation rate of 2%. But they don’t directly control the value of the dollar or the price of goods and services, and inflation sometimes leaps unexpectedly. Inflation dilutes the value of your…
Do your eyes start glazing over when you hear your real estate agent drone on about down payments for conventional versus FHA loans, VA versus USDA loans? Sure, different types of loans require different down payment amounts. But for any…
Heard the terms “saving” and “investing” used interchangeably? Apples and oranges are both fruits, but that doesn’t make them identical. Ditto for saving and investing. You need to know exactly when and how to use each as you create wealth. …
It’s like a bad magic trick: Some people have a knack for making every dollar they touch disappear. Every time you talk to them, they unload a sorrowful story about how they got screwed (again), came this close to winning…
As a single person, it’s easy to assume that couples have it easier financially. After all, married couples have a built-in housemate to share expenses and potentially two incomes to put toward financial goals. And there’s certainly enough written about…
I hate to break it to you, but you’ll probably never be as rich as Oprah. And so what? Rather than comparing yourself to the most successful people on the planet, compare yourself instead to your peers. If you feel…
Individual retirement accounts (IRAs) come with plenty of perks. You can either deduct the contribution from your taxable income in the case of traditional IRAs or let your money grow tax-free and pay no taxes on withdrawals in retirement through…
Nobody likes paying bank fees. Luckily for you, they’re far easier to avoid today than they were even one decade ago. Two common types of bank fees are the overdraft fee and its close cousin, the nonsufficient funds fee (NSF…
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