When it comes to a retirement nest egg, $1 million isn’t what it used to be. So how far does a million dollars really take you in retirement — and what can you do to stretch your savings or retire with less? Read on to find out how far your money can go and how to set up a longer retirement.
There’s more to investing than just stocks and bonds. In fact, there are many investing vehicles, including some you might not have heard of. Just what are investment vehicles, and what are the most common types? Read on for more about the investment vehicles you’re likely to encounter.
When investing in the stock market, is it better to buy in all at once as soon as you can, wait for market dips, or buy in gradually? For long-term investors — especially casual, passive investors — dollar-cost averaging nearly always works out better than trying to time the market. Here’s why.
There are several ways to save for education. People often think of 529 plans when it comes to saving for college, but you can also use UTMA and UGMA accounts. Each account has different benefits and drawbacks. Before choosing, learn more about how these accounts work and what features they offer.
Not everyone follows a strict budget, but you need some kind of system to make sure you have enough money each month to cover your major personal and household expenses. Here are the most common budget categories — and how to bridge the gap between your current spending and your ideal target budget.
Your emotions can get in the way of earning strong returns on your investments. In fact, removing emotion from your investment decisions can increase your returns by up to 23% over 10 years. But to do that, you first have to know what motivates you to make emotional decisions.
Financial guru Dave Ramsey’s “Baby Steps” are the perfect formula for the average person who isn’t terribly interested in personal finance. But they’re not one-size-fits all. Here’s what they recommend, how to tell if they’re right for you, and some alternatives to consider.
If you find yourself with $1,000 or more in your bank account, resist the temptation to spend it on something fun. Saving money and investing it well are some of the most important skills for building wealth. So consider these uses for your extra cash — your future self will thank you for it.
Military pay can’t make you rich, but it does provide excellent saving and investing opportunities, including some unavailable to civilians. By understanding how to take advantage of them, you can secure your future and potentially even retire young.
The longer you have to invest, the more money you’ll be able to accumulate, and the longer compounding gains have to work for you to build significant long-term wealth. Learn strategies for how to invest for the long run to secure your retirement and long-term financial future.
The market is an intricate system, which regulators, stock exchanges, brokers, and several other entities devote their energy to keeping alive. And nobody works for free — there are various fees involved when you invest. Learn what an expense ratio is and why you should pay attention to it.
There are many tax benefits to real estate investing. You can intentionally structure your real estate investments to minimize your taxes on multiple forms of income, including real estate profits. But before you dive in headfirst, ensure you understand which tax benefits you qualify for.
