Once you contribute money to an IRA, you’re not allowed to withdraw it before you turn 59 1/2 or you face a 10% early withdrawal penalty on top of income tax. However, there are a few exceptions to this rule. If you need money for a qualified reason and you don’t have the cash or […]
The U.S. economy is predicted to slow in 2019. But that doesn’t mean your personal finances have to take a hit. According to a Fidelity Investments survey, almost one-third of Americans plan to make a money resolution for the new year, with 48 percent planning to save more and 29 percent aiming to pay down […]
The New Year is off to a fruitful start for millions of Americans. Some 5.3 million workers will be receiving higher pay starting Jan. 1 as minimum wage increases kick in for the New Year, according to an analysis from the left-leaning think tank Economic Policy Institute. The EPI analyzed data from the Current Population […]
Most of us have worked for a company that offered 401(k) plans to their employees. In fact, you and I have likely worked for multiple companies that provide this benefit. And as a result, you might have a number of 401(k) plans to your name if you opened an account with each employer. That’s not […]
A lot of people — maybe even most people — can be successful DIYers through the early years of their investing life. Unless you’re a high earner, have a high net worth or have some other special planning needs, you probably can figure out how much you want to contribute and how to allocate your […]
Anthony Pompliano, the founder of Morgan Creek’s “Digital” branch, has long been a zealot for the decentralist movement, lauding the crypto space for years on end. Case in point, each and every week, Pompliano, better known as Pomp to the crypto community, subjects his 179,000 Twitter followers to the “long Bitcoin, short the bankers” rhetoric […]
Investors that have been holding on for dear life, held on a bit tighter Monday as the S&P 500 slipped into a bear market, off 20 percent from the highs, and the Dow Jones Industrial Average tumbled more than 600 points, now below 22,000. The declines ahead of the Christmas holiday come after weeks of […]
If you got a raise in 2018, you were in pretty decent company. This year, an estimated 30% of employees saw their salaries increase, according to data from GOBankingRates. Still, that means that the majority of workers didn’t see a bump in their earnings, and that’s unfortunate. If you didn’t manage to snag a raise […]
Affluent parents — defined as households with investable assets of at least $500,000 — generally understand the cost of raising a child and have planned for their child’s future as well as their own retirement and legacy, according to a new study from Personal Capital. That’s a wallet being pulled in a lot of directions […]
The start of a new year is the perfect time to begin thinking strategically about taxes. With 2019 right around the corner, here are a few moves to plan on making. 1. Figure out whether you’ll take the standard deduction or itemize Tax filers have two options when preparing their returns: They can itemize their […]
Nearly half of non-retired Americans predict that they won’t retire until at least age 66, according to a 2018 Gallup poll. But what if you could be one of the few who retire far earlier than that? Imagine being able to spend your 50s traveling, pursuing your hobbies, and spending more time with your children […]
It’s time for my 14th annual “What I want for Christmas” list. Some wishes from Christmases past have come true: The major credit bureaus — Equifax, TransUnion and Experian — finally, finally, finally have been forced by law to allow consumers to freeze their credit files at no charge. This will help people protect themselves […]
