5 Secrets of Roth IRA Millionaires
For many, the Roth IRA is the best thing since sliced bread. And there’s one perk that always steals the spotlight: tax-free income during retirement. With a Roth IRA, you pay taxes upfront, and after you turn 59 1/2 and meet the five-year rule, all the money in your account is tax-free. Sounds pretty great, […]
Have $100,000? Here Are 5 Ways to Grow That Money Into $1 Million for Retirement Savings
So you’ve got $100,000 and you want to build it into $1 million for retirement. That’s great — and it’s not such an audacious goal, either. It’s rather doable for many people. (Even if you don’t have $100,000 you may be able to accumulate $1 million or more — read on.) Here’s a look at […]
A Sam’s Club Membership Would Cost Me $20 Less Than Costco. Here’s Why I’m Still Not Switching
Image source: Upsplash/The Motley Fool As a family of five, we go through a lot of food in my house — so much so that I often need to pop over to my local supermarket to replenish multiple times during the week. That’s why a warehouse club membership makes sense for us. The money we […]
Prediction: Here’s When to Start Your Mortgage Refinance Process
Image source: Getty Images If you’ve been paying any attention to the financial news, you know that the Federal Reserve Board chose to lower the federal funds rate in September. Although this doesn’t have a direct impact on mortgage rates, it does often nudge individual banks into lowering them. And because of this, mortgage rates […]
This 1 Social Security Statistic Suggests Millions of Workers Could Be in Trouble
Social Security can make or break retirement for many older adults, so the more you can prepare heading into your senior years, the better off you’ll be. However, a recent survey suggests that many workers may have unrealistic expectations about how much they’ll be relying on Social Security in retirement. While some workers expect their […]
3 Reasons to Buy Kids’ Clothing at Costco
Image source: Getty Images It’s not exactly a secret that raising kids costs money. And as a mom of three, I can tell you that some months, it seems like no matter what I do, my credit card bills just keep growing. Part of the expense of raising kids is making sure they’re properly clothed. […]
It’s Open Enrollment Time: 4 Signs You Need a New Medicare Part D Drug Plan
Medicare Part D is an important part of your senior healthcare coverage. But the drug plan you’re enrolled in right now isn’t necessarily the plan you’re stuck with for life. Each year, Medicare participants have a chance to make changes to their coverage during the program’s annual open enrollment, which begins on Oct. 15 and […]
Forget a Mortgage: 5 Reasons Why It’s Better to Rent
Image source: Getty Images After many years of renting, I became a homeowner earlier this year (and made it through my 36th moving day). It’s something I dreamed about for a few years before making it happen, but even I can admit that renting comes with certain perks I’ll miss now that I have a […]
5 Little-Known Gift Cards You Should Always Buy at Costco
Image source: Getty Images Buying gift cards when you shop at Costco is like stepping into one of those cash cubes at a fair or event: With a whirlwind of dollar bills blowing about your face, you’re bound to leave at least a little bit richer. Thankfully, Costco doesn’t ask you to work so hard […]
Don’t Have a Perfect Credit Score? Don’t Sweat It
Image source: Getty Images It’s a safe bet that you don’t think about your credit score too terribly often — actually, it might be one of those things you avoid thinking about. This is a mistake, however. Your credit score has a solid impact on your personal finances, and since it helps determine how much […]
