Are you new to budgeting or searching for a money management solution to fit your lifestyle? Maybe, you should try the 50 30 20 budget. It’s a great way to develop a balance between the money you spend on obligations, goals and splurges.
A common concern for many Americans is how to build wealth both safely and effectively. Accomplishing this feat is easier said than done, but it isn’t out of reach. These three simple steps show you the way to achieve financial stability.
As you begin to think about planning for your retirement, you’ll need to choose a retirement vehicle that is right for you. Since there are pros and cons to every savings plan, our chart provides an analysis of 401k vs Roth IRA.
When students become young professionals, they soon realize adulthood requires a lot of financial planning. Most are quick to learn about managing their money. But one question stumps many recent grads: what is a 401k?
Recent college grads have more on their mind today than ever before. With a tight job market and rising housing costs, the post-college transition can be tough. But, it doesn’t have to be that way. If you learn how to manage your money now, the liberating feeling of financial independence will follow.
After tax day, we are rewarded with the fun task of deciding what to do with our income tax refund. Before buying anything this year, consider some of our smart strategies for investing your tax refund for retirement.
Are you in the business of buying and selling real estate? Tired of paying out your gains at tax time? Let us introduce you to the 1031 exchange!
We started talking about active vs passive investing last week, when we introduced an example of a woman investing in an index fund that tracked the S&P 500. This type of passive investing, in which you invest in a fund that tracks the indexes of bonds, small company stocks, foreign stocks, and other asset classes, is quickly becoming one of the most popular forms of investment.
Investors can employ two different strategies when choosing how to invest their money: passive or active. Despite the fact that active investing has historically been most popular, there’s recently been a shift that’s put passive investing way above active in measures of popularity. To illustrate, look at figures from 2013: passive equity funds exceeded $60 billion in net investments, while active funds only had $3.4 billion.
It’s no surprise that wealthy people have an interest in sustaining their wealth through future generations. However, what is surprising is how few of them are confident in their ability to do so. In a recent study published by Merrill Lynch’s Private Banking and Investment Group, a third of the participants indicated that their biggest financial concern is their uncertainty about wealth sustainability.