How to Prepare Your Finances for a Recession
A recession refers to a general decline in economic activity. It is a time when unemployment increases, consumer spending lowers, and the economic output is...
Top 10 Tips for Successful Long-Term Investing
Long-term investing has considerable advantages. It helps lower risk, offers your money more time in the market so it can grow with compounding, and minimizes...
How Much to Invest to be Considered ‘Wealthy’
Setting goals is one of the first steps when creating a financial plan. The goals you make help you pick investments, set a reasonable timeline,...
Why You Should Save and Invest Simultaneously
Saving and investing are two pillars of personal finance that are instrumental in wealth creation. Your income may not continue for as long as you...
7 Things to Keep in Mind When Considering a Roth IRA Conversion
The Individual Retirement Account (IRA) is a tax-advantaged retirement account that offers tax savings and the opportunity to grow your money through multiple investments in...
How The New Standard Deduction Will Affect You
As the year comes to an end, it is vital to take note of all the changes made by the Internal Revenue Service (IRS) for...
How a 401(k) Works Once You Retire
A proper financial plan can make a significant difference when you are on the cusp of retirement. When you retire, it is crucial to have...
4 Retirement Rules to Follow at 55
Retirement planning can entail different things at different junctures of life. When you are young, it may involve investing in stocks, mutual funds, 401ks, and...
How Living Longer Will Impact Your Retirement
The life expectancy in America was 68.14 years in 1950. In 2022, it increased to 79.05 years. While the thought of living longer is positive,...
The Magic Of Compound Interest In Investing
When you invest your money in the market, you do so with the intention of earning interest. The interest is an addition to your principal...
