The simplified employee pension individual retirement account (SEP IRA) helps self-employed workers save for retirement and get similar tax benefits as employees with traditional retirement plans. Learn SEP IRA rules and eligibility, and the pros and cons of these accounts for small-business owners.
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Whether you’re saving for an emergency fund, a down payment, or early retirement, sometimes it helps to know the doubling time for your current or initial investment if you were to stop investing new money toward it. Learn how to use the rule of 72 to quickly estimate how your investments will grow.
Your 20s offer the best opportunity to build long-term wealth through compounding. Start young, and you can let time do the heavy lifting for you. Wait, and you’ll need to save exponentially more money just to catch up. Learn the keys to investing in your 20s.
Most students have to borrow student loans to go to college. But very few know anything about them. That’s pretty scary considering you’re likely to take on several tens of thousands of dollars in debt. And making mistakes with that much money could cost you just as much. Take it from me. I borrowed six
An adjustable-rate mortgage (ARM) is a mortgage whose interest rate changes over time. It’s different from a fixed-interest mortgage, where the rate stays constant for all 15-30 years of the loan term. Learn what to expect from an ARM and how to decide if it’s right for you.
It costs a lot to raise a kid. If the hundreds of thousands you’ll spend over your child’s lifetime makes starting a family seem financially impossible, that doesn’t mean you have to opt out of parenthood. These money moves can prepare you for the financial responsibilities ahead.
Two of the most common financial mistakes are failing to save enough for retirement and failing to take full advantage of tax-sheltered accounts. Fortunately, one solution can help with both problems: the Roth IRA. Learn what a Roth IRA is and how you can invest in one.
Wouldn’t it be nice to get rid of your student loan debt sooner than later? Thankfully, tons of strategies can help you pay off student debt faster — and the faster you pay them off, the faster you can get on with the rest of your life.
Whether you’re a student with under $1,000 to your name or a working adult who simply hasn’t taken the plunge to open a brokerage account and start investing, there’s no better time than the present to get started. And these are the best brokerage accounts for beginners.
Infinite banking is about becoming your own bank, rather than saving or borrowing money with a traditional bank, using life insurance to hold money. It comes with many intriguing advantages, along with some pretty steep disadvantages. Learn about infinite banking and who should consider using it.
Your net worth serves as a measuring stick for your financial wellbeing. As you’d expect, older people tend to have accumulated higher net worths than younger adults. How does your progress toward your financial goals stack up? Here’s a glimpse into how net worth breaks down by age in the U.S.
Federal student loan consolidation can help you manage multiple monthly payments to multiple servicers. If like the vast majority of college graduates, you acquired student loan debt through federal student aid, you likely have more than one loan, which means more than one bill. Trying to juggle them all can quickly get confusing and even