Article Summary Roth IRAs are designed for investors with low incomes and long-term horizons, which makes them perfect for children. Find out what a custodial Roth IRA is, how to open one, and why your kid should have one. Yes. If you have kids who earn income — more on what counts as income below […]
Personal loan balances are growing at a fast rate. According to TransUnion data, unsecured personal loan balances reached a record high of $156 billion in 2019. It’s not just the loan amounts that are growing. The number of unsecured personal loans has grown from 16.9 million in 2016 to 22.5 million in 2019. As the CEO […]
Alternative investments can play an essential role in anyone’s portfolio, but for the average investor, they may seem too complex. Including alternative investments is a great way to increase diversification in your portfolio, but first you must understand what they are. Types of alternative investments Alternative investments are anything that doesn’t fit in the traditional […]
Hiring a financial advisor can be one of the best investments you make. It can also be a colossal waste of time. Financial advisors can help you make smart investment choices, but without trust, the best financial planning is useless. How do you a financial advisor you can trust? This guide will help you do […]
The CARES Act was an unprecedented stimulus package that provided wide-ranging financial assistance, from stimulus checks to funds for small businesses. One provision that hasn’t been discussed as much is the increased access to funds earmarked for retirement. The CARES Act waives some penalties for withdrawing from a 401(k) or other defined contribution plan or […]
Robo-advisors are on the rise. It’s not surprising: they’re a convenient, one-stop solution for investing goals. If you’re looking to start investing, the right robo-advisor can help you maximize your gains and minimize fees. But with so many to choose from, how do you know which robo-advisor is right for you? One way to narrow […]
Have you’ve ever wondered how people like Warren Buffett or Bill Gates really made their millions? It wasn’t just by starting their own firms. To increase their wealth, they invested. Investing isn’t a way to get rich quick. It takes time, patience, and know-how. It requires you to analyze opportunities and make informed choices of […]
Did you receive a Schedule D (Form 1040) in the mail this tax season? If so, you must have sold assets in the past year. If you made a profit on your sale, you’ll have to pay taxes on it; and if you lost money, that loss can reduce your tax liability. But regardless of […]
Robo-advisors have become an extremely popular investment tool for Millennials and other investors. Rather than requiring you to make decisions like a passive investment strategy or pay high fees as you would with an active management strategy, robo-advisors enlist the help of technology to manage your portfolio. And because there’s not a lot of human […]
Congratulations! You managed to build up a small nest egg. Now it’s time to put that hard-earned money to work. It is harder to invest when you’re not already wealthy. Investing small amounts of money does come with higher fees and there are fewer options available. But there are ways to overcome these challenges. Here […]
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