(Maurie Backman) When it comes to retirement savings, IRAs are a mixed bag. On the plus side, they usually come with more investment options than you’ll find in a 401(k) plan. For example, with IRAs, you can invest in individual stocks, whereas 401(k) plans generally don’t let you do that. But picking stocks by hand …
Can’t max out your IRA by the end of 2022? Here’s why you don’t have to worry Read More »
Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. In times of economic downturn, controlling your spending is crucial. Try to …
Many Americans feel they have to choose between paying off their student loans and saving for retirement. SECURE Act 2.0 would allow companies to add money to 401(k) plans for workers as they repay loans. But Congress must pass the bipartisan legislation by the end of the year or start over. Americans struggling with student …
Paying off your student debt or saving for your retirement? You don’t have to choose Read More »
But these are all longer-term initiatives. They don’t really have a short-term plan, and even if they did, they’re unlikely to get any significant legislation through the Democratic-controlled Senate and the former president’s veto pen. Biden. “To be honest, taming President Biden’s continuing raging inflation will be difficult,” Texas Rep. Kevin Brady, a key player …
During the pandemic, we’ve learned that Americans can save a lot more money if we want to. Take a look at the historical chart of the US Personal Savings Rate according to the US Bureau of Economic Analysis and the St. Louis Fed. After the shutdowns began on March 18, 2020, the personal savings rate …
Americans can save a lot of money if we want to, don’t worry! Read More »
A 60/40 portfolio of US stocks and bonds has only ended the year down double digits 5 times in the past 94 years to the end of 2021.1 With stocks and bonds down around 15% each in 2022 so far, it looks like this year will be the 6th time in 95 years: If we …
A small group of financial advisors want to change the way their profession works. Most financial advisors provide more than just advice; they manage clients’ investments, earn fees or commissions, that’s how they make their money. But some advisers offer financial advice and nothing more, letting clients manage their own investments and providing advice on …
Financial Advisors Who Only Give Advice Don’t Touch Your Money Read More »
