When it comes to planning for retirement, one commonly mentioned guideline is the 4% rule. It suggests that you can safely withdraw 4% of your investment portfolio each year during retirement without running out of money. This “guideline” has become increasingly popular with the FIRE (Financially Independent, Retire Early) movement. In this blog post, we[Read More]
Investing
How to Start Building Your Portfolio Today
Making investments is an essential step in wealth building. However, the idea can be intimidating for first-time investors. A lot of factors influence your investment strategies. Despite the intricacies behind any investment venture, you can learn how to build an investment portfolio. Here are a few tips on how to start investing Know Your Risk[Read More]
Saving for Retirement: A Step-by-Step Guide for Beginners
About a quarter of working Americans have nothing saved for retirement. While retirement is often considered the light at the end of a tunnel, it can become a significant burden if you have no savings. To have a secure, fun, and comfortable retirement, you must develop a proper financial cushion. But saving for retirement can be overwhelming,[Read More]
Top Robo-Advisors
With affordable fees and a wealth of service offerings, robo advisors have changed the investment landscape. If you’re not using a robo advisor as part of your greater investment strategy, you’re missing out on a safe, affordable investment advisor. But how do you find the best robo advisor for you? Here’s what you need to[Read More]
What’s the Difference Between a Traditional IRA and a Roth IRA?
Individual Retirement Accounts (IRAs) are retirement savings accounts that provide tax advantages on your contributions. Several types of IRA accounts exist, offering different tax advantages. However, the two common IRA accounts are the Traditional IRA and Roth IRA. Knowing the differences between the two IRA accounts can help you make an informed decision for your[Read More]
What Is Cryptocurrency? 5 Things to Know About Crypto
Bitcoin is the most known and the most valuable cryptocurrency today. Since its inception in 2007, the crypto market has exploded. Today, there are more than 1500 cryptocurrencies in circulation. Besides bitcoin, other cryptos such as Litecoin, Ether (Ethereum), and Dogecoin have stepped and are on the rise. However, most people still don’t know as much about[Read More]
Real Estate Investing for Beginners: How to Get a for a Duplex
The Duplex Route: Maximizing Investment Potential And Passive Income Generation What Is a Passive Income Generator? A Passive Income Generator, or PIG, is a means of getting money without active measures. Many different PIGs are out there, but real estate has some of the most lucrative options in this area. Essentially, you acquire a property,[Read More]
5 Ways to Make Your Money Work for You
Something that always irked me was the idea of my money just sitting in a bank account doing absolutely nothing. Before the Great Recession, a savings account and a few CDs (certificate of deposit) was a solid investment strategy for a college age kid. Over the past few years since the recession, interest rates have[Read More]
Is the Robinhood Investing App Good for Beginners?
Technology is opening up how people save for retirement, especially millennials. Among the most talked about apps used for investing, Robinhood routinely catches headlines. The free stockbrokerage app has turned heads and has grown to a few million investors. The Robinhood app has a proven track record of happy users, but is it right for[Read More]