Retirement planning is an essential task that must be undertaken by you as soon as you begin your career and should ideally start saving for retirement, regardless of the nature of your job or your income. The money you save for your retirement will help support you during your non-working years and allow you to ...

Retirement is a time in life that a lot of people look forward to. Life is a lot more relaxed after retirement as the stress and deadlines of work are no longer there. You can use this time to pursue hobbies, travel the world, catch up with friends and family, and live a relaxed and ...

The cost of education in America can be burdening. In the last 30 years, the average college cost of a four-year public institution has increased by 213%. In the past decade alone, the cost of education has shot up by 29%, with private college tuition costs rising by 25%. If you have children or grandchildren ...

The cost of education in the U.S. has increased more than three times over the last three decades. This is creating a financial burden on students and their parents. Moreover, it is forcing them to focus more on finding educational loans instead of a suitable college. According to a 2020 report by EducationData.org, the average ...

When it comes to planning for the future, both retirement planning and estate planning are equally important. While the former will ensure that you have enough money to last your non-working years, the latter will ensure that your money goes to its rightful inheritors. Retirement accounts like an Individual Retirement Account (IRA), a 401(k) retirement ...

How much money do I need to save for my retirement? Is my retirement savings enough to lead a comfortable life? Most people envision leading a comfortable life after retirement. However, it requires meticulous planning, investing at an early age, and managing funds wisely. Most people tend to neglect retirement plans when they’re young. However, ...

Even though Roth Individual Retirement Accounts (IRAs) have been around since 1998, many investors aren’t aware of all the differences between traditional and Roth IRAs. Thus, they aren’t sure which IRA is the better alternative for them. As a summary, the unique features of a Roth IRA include: Single taxpayers with adjusted gross income (AGI) ...

Like all other parents, you would want your child to have a good education and a successful future. For this purpose, you work hard, juggle family schedules, make time for their homework, and do so much more, only to prepare them to take advantage of different life opportunities. The most important foundation of a secure ...

Taxes have always been a sore component of any savings or investment plans. High taxes can erode your earnings, and lead to disappointments at the time of maturity. Tax also plays a crucial role in your decision to invest or save in a particular investment tool. In fact, taxes and earnings go hand in hand, ...

Self-employment can be rewarding. You are your boss. You make your rules. You earn more, enjoy greater flexibility, and your work satisfaction level is high. And while all this can sometimes come at the cost of long hours, stress, and years of struggle, in most cases, the benefits of self-employment outweigh the cons. In the ...