Who says you have to work until you’re 65? The FIRE movement aims to upend the traditional retirement timeline and allow followers to reach financial freedom and retire early. Learn how FIRE works and find out if it’s right for you here.
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Compounding Interest
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Dividends let investors turn their portfolio into a source of income, but not everyone wants to get cash out of their investments — some would prefer to reinvest their profits. Dividend reinvestment plans (DRIPs) can help investors do that. Read on to learn about DRIPs and what they offer investors.
The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) changed some of the rules about when people who inherit an IRA can withdraw the funds. As you plan your retirement, make sure you understand the new rules and adjust your estate planning accordingly.
It’s easy to take your health for granted when you feel young and strong — until sooner or later you face an unexpected medical issue. Take these financial steps while you’re young and healthy to prevent a financial emergency from compounding your health problems, whenever they happen to strike.
A staple of modern American retirement planning, the traditional IRA remains one of the easiest and most popular tax-sheltered accounts. Here’s a crash course on how traditional IRAs work, and how you can take advantage of them at any age as part of your personal retirement strategy.
It’s all too easy to get stuck in a rut in your career. The average worker’s salary plateaus and then starts declining, and earlier than you’d think. According to the Federal Reserve, income growth virtually grinds to a halt by age 35. Fortunately, you have more control over your career than it often seems. By
Catastrophic events like severe illness, a death in the family, natural disasters, and unemployment have the power to devastate even well-off families financially. Crowdfunding allows people who are unable to manage an expense to turn to their communities for help. But is it a good solution?
There’s no one-size-fits-all financial advice because everyone’s financial priorities are different. And even when two people share similar financial goals, they can take several routes to reach the same destination. So how do you determine your financial priorities? How do you achieve them? And perhaps most importantly, how can you bend the rules to work
You have several options to pull equity from your home, the two most common being home equity loans (second mortgages) and home equity lines of credit (HELOCs). Like any other debt, each of these come with their own risks and advantages. Here’s what you need to know about home equity loans and HELOCs before signing on the dotted line for additional debt.
You’re probably familiar with the annoying adage that “it takes money to make money.” There’s a measure of truth in it. The more money you can put toward investments that generate passive income, the more income you earn. The more capital you have to launch a business, the greater its odds of success. What no one
Perhaps you have a new job, are a newlywed, or have recently committed to a personal savings plan. Whatever your life stage, you’ve surely heard that regularly contributing to savings is an important financial strategy. You know to save for emergencies, retirement, college, and large purchases such as cars and homes, but where do you
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