Managing 401(k) investments is crucial to planning one's financial future. Two primary ways to manage investments are to do it yourself (DIY) or work with a financial professional.
You work your entire life with the hope that one day you may be able to retire when you choose and have the free time to take advantage of all of the social activities, travel, and hobbies you couldn’t do regularly with the responsibility of a career and providing for your family.
While a Roth IRA conversion may suit some, wealthy individuals may not consider this investment strategy under certain circumstances. Here, we delve into why this strategy may not be appropriate for them.
Whether you're facing an unexpected job loss, a medical emergency, or a financial crisis, life's hurdles may leave even the most responsible savers scrambling for cash.
Having enough retirement income is concerning for some Americans.
For those unfamiliar with the “baby boom,” it is the period that stretches from 1946 to 1964, children born at the tail end of the trials and tribulations of World War II right up to the start of the Vietnam War.
When it comes to financial management, women face unique challenges over their male counterparts. Less than a quarter of the adult female population feel they received sufficient preparation from their parents concerning financial matters. This lack of preparation has left many women struggling to handle their financial future. Women need to take control of their financial independence.
As a female entrepreneur, you may face different challenges than your male counterparts. For example, women were disproportionately affected by the COVID pandemic. 1 They also tend to earn less than their male peers—largely in part because they are still responsible for the majority of the world's unpaid labor. To counteract these challenges, women must be proactive about strengthening their businesses and preparing for retirement. Keep these five key tips in mind.
Learning to save for retirement can begin with a few easy changes.
Are you looking beyond retirement and focusing on other goals?
