Roth IRAs are a tremendously valuable savings vehicle for income earners. After-tax money goes into the account, and it grows tax free and is distributed tax free at retirement. Pretty good deal! Starting one for your child early in their life can be a powerful savings strategy. However, there are some rules to know to take advantage of these Custodial Roth IRAs (also known as Roth IRAs for Minors).
Americans treat credit scores like a personal competition where higher credit scores bring bragging rights in the financial game of life. However, few know exactly what goes into a credit score and why it is important to lenders. Here is a breakdown of what goes into a credit score, along with one GIANT myth that must be dispelled!
There is a huge, common misconception we hear often from clients with Roth IRA accounts. Most clients understand Roth IRA’s to be retirement vehicles that cannot be accessed prior to age 59.5 without penalty. THIS IS NOT TRUE!! Let’s take a deep dive into Roth IRA accounts to better understand how liquid they can be prior to retirement.
A summer rebound has helped investors recapture about half of the early losses sustained in 2022. But what lies ahead? Should we remain optimistic or might volatility continue?
Here are some of the top ways objective investors are managing their money with signs of a recession looming.
No matter how much money you make, with a period of high inflation like we're experiencing right now, you feel it in your wallet. If you can make some extra money right now, it can provide more margin in your life at a minimum and possibly a better future. This article explains how.