Blogs
Can You Have Multiple Roth IRAs
The simple answer is yes, you can have more than one Roth IRA and you can open multiple Roth IRA accounts. If you are investing in a Roth IRA, you might know all the advantages it provides for retirement savings. But can you have multiple Roth IRAs? If yes, what are...
Health Savings Account – What Is It and How to Open It
Have you ever imagined you could save for all your medical expenses yet have tax-free transactions related to these medical costs? You can do so with a health savings account (HSA). A triple-taxed advantaged medical savings account, an HSA will help you set aside some...
Infinite Banking: What Is It and How Does It Work?
If you are a permanent life insurance policyholder, you can take advantage of the infinite banking concept. But what exactly is it, and is it best for you? What is Infinite Banking? Infinite banking is a financial strategy that utilizes a permanent life insurance...
Can I Use My 401k to Buy A House?
SIMPLE 401(k) Plan: What It Is & How It Works
Choosing a retirement savings plan for your small business can be tough, but a SIMPLE 401(k) is a great option to consider. This guide will break down everything you need to know about SIMPLE 401(k) plans, making it easy to see if it's the right fit for you and your...
What is Velocity Banking: Definition, Strategy and Pros & Cons
In the world of personal finance, velocity banking has become increasingly popular among homeowners looking to manage debt and build wealth. But is it the right fit for your long-term financial goals? Velocity banking is essentially using a low-interest loan to pay...
What Is a Coverdell Education Savings Account?
Setting up a college savings account is a smart move to invest in education, whether it's for yourself, a family member, or a friend. There are different ways to save for higher education, some of which offer tax benefits. The best choice depends on personal needs and...
What Does Vested Mean in 401(K) & How Does It Work?
What does vested mean? Being vested in your retirement plan means owning the employer contributions they make on your behalf. Imagine you contribute $100 and your company adds $50. If you're not fully vested, you might only own a portion of that $50 after leaving the...
What Should Your Net Worth Be When You Retire?
Ever just sit back and ponder about that whole net worth thing being your undercover ally for a cozy retirement? It's way more than just sneaking a peek at your savings account; it's about hugging all aspects of your dough and assets. According to the Federal...
How to Find Your 401(K) Old Account & What to Do When You Find It
Have you changed jobs multiple times throughout your career? If so, you may have left behind a trail of old 401(k) accounts. While it's easy to forget about these accounts, they could hide significant money contributing to your retirement savings. Do you want to know...
Genius Strategies to Earn Income During Retirement
Have you recently retired or are about to retire and wondering how you’ll earn extra money in your spare time? You might be surprised that thousands of folks like you face the same question. Just because you’re stepping away from your career and the workforce for good...
How To Build Wealth In Your 20s
Do you want to retire or be extremely wealthy early in your life? Building wealth in your 20s is one of the simplest methods to accomplish this. Because you are constantly learning from your mistakes, your 20s are the best years to set yourself up financially with...