What is a Mutual Fund?

What is a Mutual Fund?

Investing is often seen as part of a wider financial plan that allows a person’s money to grow. New investors may not be familiar with all aspects of investing, however, and it is important that they do their research so that they have a solid grasp of where they are...
The Most Common Different Types of IRA Accounts

The Most Common Different Types of IRA Accounts

An IRA, or an individual retirement account, is one of the best tools you can use to save money for retirement. In order to get the most financial benefit out of an IRA, though, it’s important to pick the right type. Here are five common IRA types all consumers...
Should You Contribute to Your 401k?

Should You Contribute to Your 401k?

Often, the advice people here is that they should always contribute to their 401k plan. This advice is well-intentioned. Today, many Americans don’t have any retirement savings, which puts them in a dangerous financial position. The advice to save for retirement is,...
Ways to Teach Financial Literacy to Your Children

Ways to Teach Financial Literacy to Your Children

As a parent, you should begin teaching your children the value of money from a young age. This will help them develop better financial habits long before they become adults. It should involve teaching them the best way to give in addition to developing strong personal...