Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you ⦠Continue reading â
The post Executive Deferred Compensation Plans appeared first on SmartAsset Blog.
Donât make assumptions about retirement. Determine what youâll really need.
The post Doing the math: How much will you need for retirement? appeared first on Discover Bank – Banking Topics Blog.
When I crossed over from W-2 employee to being self-employed and co-founded our investment firm, I was excited about the plethora of business retirement plans that I now had at my disposal. One such option (which ended up being the one I went with) is the Simplified Employee Pension (SEP) IRA. A SEP IRA and […]
The post Distribution Rules for SEP IRAs appeared first on Good Financial Cents®.
One of the joys of writing a money blog like Get Rich Slowly is the continuing self-education. I’m always reading and learning about personal finance. A lot of the times — as in the past month — this education is about esoteric topics. I’m currently diving deep into the history of personal finance, a subject that’s interesting to me but admittedly not of much practical use in the modern world. (Today in the mail, I got a book about advertising and the use of credit during the 1920s. How’s that for esoteric?)
But sometimes, this self-education does have practical uses, and it’s stuff that I can share with you folks so that you too can become better educated.
For instance, I have a huge blind spot when it comes to so-called “robo-advisors”. When I stopped writing here in 2012, robo-advisors existed but they hadn’t yet become a Big Deal. By the time I re-purchased this site in 2017, things had changed. Robo-advisors had become a major force in the investment industry — and I was clueless about what they were.
I’ve remained (mostly) clueless for almost three years now. I have a general idea of what robo-advisors are and how they operate, but only in the broadest sense. During our weekly planning call on Monday, I mentioned this blind spot to my business partner, Tom.
“You should write about robo-advisors,” Tom said. “If you don’t know what they are, I’ll bet there are plenty of readers who don’t know either. Do some research, write it up, and then everybody benefits.”
Tom is a smart man.
Here then is my research into the world of robo-advisors. What are they? How do they work? And who should use them? Let’s find out.
Should you invest your emergency fund? It’s a growing debate, and I feeling very strongly about my answer.
For years, people have loved Robinhood for their easy-to-use mobile app and commission fee trades, but the meme-stock scandal left investors feeling disenfranchised. The good news is that several competitors have emerged to give investors more choice. Here are ten of the best Robinhood alternatives to consider if you’re shopping for an online broker like Robinhood.
The post Best Robinhood Alternatives: 10 Online Brokers Like Robinhood appeared first on Good Financial Cents®.
20 Top Interior Design Trends of 2023, According to Decor Experts Good Housekeeping
As inflation continues to dominate the headlines, you may have started to hear about the concepts of shrinkflation, skimpflation and greedflation. These are subtle ways in which companies attempt to either minimize or take advantage of the impact that inflation has on consumer expectations. It’s important to understand these concepts in order to avoid being
The post Hidden Inflation: What is Shrinkflation, Skimpflation and Greedflation appeared first on MintLife Blog.