Blog
How Much Do I Need to Retire Comfortably?
Follow these steps to find out. How much money do you need to comfortably retire? $1 million? $2 million? More? The most common rule of thumb is that the average person will need approximately 80% of their pre-retirement income to sustain the same lifestyle after they...
6 Lessons From the Retired Millionaire Next Door
The road to retirement is paved with good financial habits ISTOCK / GETTY IMAGES Millionaire status might seem far out of reach, especially as unemployment remains high and household incomes fall through this pandemic-driven recession. But you can still learn some...
As vacations resume, here’s why you might want to hire a travel advisor
ljubaphoto | E+ | Getty Images KEY POINTS The pandemic ruined travel for travel advisors and their clients the last 15 months. However, people who didn’t book with an advisor had no advocate and were much worse off. Many of today’s agents charge planning fees in...
Early signs that you have a spending problem, and what to do about it
Pedestrians wearing protective masks carry shopping bags in San Francisco, California, on Wednesday, Feb. 17, 2021. David Paul Morris | Bloomberg | Getty Images For many Americans, the post-pandemic normal is exciting. After more than a year stuck inside and forgoing...
A correction could be coming.
KEY POINTS The Covid-19 recovery could have one more bump in the road: a market correction. A 10% to 20% market drop doesn’t have to derail your short- and long-term goals. Take these steps to reevaluate your positions and make sure you’re still on track. LaylaBird...
5 Essential Tips for Investing in Stocks
These five stock tips will help you find winners, manage emotions and keep perspective during tumultuous times. Buying stocks isn't hard. What's challenging is choosing companies that consistently beat the stock market. That’s something most people can’t do,...
What are Investment Strategies?
Investment strategies are strategies that help investors chose where and how to invest as per their expected return, risk appetite, corpus amount, long-term, short-term holdings, retirement age, choice of industry, etc. Investors can strategies their investment plans...
5 Strategies for Tax Planning Now and in Retirement
Tax planning is one of the best things you can do to keep more money in your pocket in retirement. There are specific things to consider when planning for your taxes in the future. Getty Images Long-term tax planning is one of the best things you can do to boost your...
Roth 401(k) vs. 401(k): Which Is Best for You?
Roth 401(k)s are similar to regular 401(k)s except that contributions to the Roth account go in after-tax, and withdrawals in retirement are tax-free. Many or all of the products featured here are from our partners who compensate us. This may influence which products...
What Is a Solo 401(k)? Self-Employed Retirement Plans
The perks of self-employment are plenty, but there’s at least one significant drawback: the lack of an employer-sponsored retirement plan like a 401(k). Enter the solo 401(k), or what the IRS calls a one-participant 401(k). Designed for self-employed workers, a solo...