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Why Roth IRAs Make Sense for Millennials
Decades of tax-free earnings, for starters, plus tax-free withdrawals Younger people tend to be in a lower tax bracket now than they'll be in retirement, which is one reason why Roth IRAs are ideal for Millennials. Roth IRAs don’t get the same upfront tax break that...
What should you do with your 401(k) whenever you change jobs?
Top 7 Reasons to Roll Over Your 401(k) to an IRA The benefits of rolling over your 401(k) when you leave a job Whenever you change jobs, you have several options with your 401(k) plan account. You can cash it out, leave it where it is, transfer it into your new...
Are You Being Too Frugal in Retirement?
You might be surprised how common it is to be so afraid to spend that you don’t fully enjoy your retirement. But there are things you can do about that. Here are four tips if your fears are holding you back. Getty Images Advertisement You’ve worked hard your entire...
Paying off debt, saving money and retirement planning
How to prioritize your financial goals Determining the best way to ensure your financial security can seem overwhelming. For James and Michelle Bethe, deciding what to do with the $200,000 they had in savings had them at a standstill. As a teacher, Michelle, 36,...
5 steps to make sure you have enough life insurance coverage in 2021
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and...
How homeowners can financially prepare for the next hurricane or big storm heading their way
KEY POINTS Ida hit the Gulf Coast on the heels of two other destructive storms in recent weeks — Fred in the Southeast and Henri in the Northeast. September is the peak month for hurricane activity in the Atlantic. Homeowners insurance generally does not cover damage...
The need for trip insurance amid the pandemic is reshaping the travel landscape
Key Points The uncertainty of each country’s travel restrictions has left travelers looking for insurance options now more than ever, says Naveen Dittakavi, founder and CEO of Next Vacay. Travel insurer Seven Corners says Turks and Caicos is now the No. 1 destination...
4 tips for college students to start building a secure financial future
As a part of CNBC’s Invest in You coverage of Financial Literacy Month, CNBC + Acorns partnered with NBCU Academy to present a live virtual town hall for students. In a wide-ranging conversation about personal finance hosted by CNBC Senior Personal Finance...
How families can negotiate for more college aid: one student’s successful appeal
As high school graduation festivities come to an end, a new milestone is ahead for families of first-year college students — making the first tuition payment Invoices for the fall semester are often sent out at the beginning of July and payments are typically due the...
There are six more months free of federal student loan payments.
Here’s what you can do with the extra money People with federal student loan debt have about six more months of freedom from repayment and seeing interest accrue on their outstanding balances. In the meantime, they can put the money they would be paying towards those...