Some investors may soon be able to add cryptocurrencies to their 401(k) accounts. Fidelity Investments announced Tuesday it will begin allowing investors to put cryptocurrencies such as bitcoin in 401(k) retirement accounts, making it the first provider to do so. The offering will be available midyear for the 23,000 companies that use Fidelity for their […]
There’s a pervasive myth about credit-card balances and credit scores — and it may be costing you money. Sixty-five percent of Americans think carrying a small balance on their credit card each month will improve their credit score, according to a recent Lending Tree survey. The share is higher among young consumers — 79% of […]
The number of credit cards to have is a personal decision that depends heavily on you, your financial situation, and how well you manage your credit. The decision also depends on your credit score — and it can affect your credit score. Your credit score will impact many other aspects of your financial future, such […]
Be very careful when abandoning the workforce at a younger age. Early retirement is a goal many people strive for — even though it can come with many challenges. For one thing, leaving the workforce at a relatively young age could mean limiting the extent to which your IRA or 401(k) can grow. It could […]
Millions of high school students across the U.S. will graduate in 2022 with one important course under their belt: personal finance. Recent momentum among states requiring personal finance education in high school means that nearly 1 in 4 students will take such a course before they graduate this year, according to Next Gen Personal Finance’s […]
There are thousands of resources online to learn about personal finance, a staggering amount of financial information, from free courses offered by colleges and education platforms to TikTok influencers and expert newsletters. This can make it hard to identify the best sources on budgeting, saving and investing, but the earlier in life an individual begins […]
If I were to ask how much you’ve saved in your IRA, 401(k) or similar retirement plan, my guess is you could come pretty close to telling me your account’s current balance. But what if I asked you how much you can expect to pay in taxes on that money throughout your retirement? You would […]
If you reach retirement with a significant amount of assets, you’ve done a great job of saving and investing. But now comes another challenge – making that money last. You might think that this task, as important as it is, won’t be as hard as accumulating the money in the first place. Yet, a sizable […]
For every investor, the world has become a hard place. There’s volatility for stocks and bonds. Rising interest rates and inflation. Economic uncertainty from the Russian invasion of Ukraine and the persistent pandemic. But those who are retired, and those who are approaching retirement, are in special circumstances. “It’s kind of a Rubik’s cube of […]
There’s a pervasive myth about credit-card balances and credit scores — and it may be costing you money. Sixty-five percent of Americans think carrying a small balance on their credit card each month will improve their credit score, according to a recent Lending Tree survey. The share is higher among young consumers — 79% of […]
For anyone who’s nearing retirement and watching the stock market nervously, those jitters may mean it’s time to review your portfolio. While stocks over time offer the best opportunity for long-term growth despite periods of volatility, a persisting market downturn heading into retirement can be problematic if you’re tapping those assets for income. Basically, research […]
While it can be exciting to graduate college, it can also be a stressful time because you will be living in the real world. Managing your money is often a big part of how successful you are in the adult world, which is why you should take the time to build strong habits now. Balancing […]
