Even though both Roth IRAs and traditional IRAs are both Individual Retirement Accounts, there are significant differences in the details of each. Before opening a new account to take advantage of year-end tax savings, you’ll want to compare the differences, and how to decide which is the best fit.
As another year draws to a close, it’s time to start thinking about taxes, perform a review of your finances and investment portfolio, and figure out what moves you should take before the end of the year. No one likes to pay more taxes than they have to, so we’ve interviewed an expert who shares […]
Want to take away the pain of paying medical bills? A health savings account may be able to do. A health savings account, or HSA, is a tax advantaged way to reimburse yourself for medical expenses like a flexible spending account (or FSA). But unlike the flexible spending account, the balance in an HSA accrues year after year and […]
Several years ago, I opened two different investment accounts based on the promise of free cash. The first was with Sharebuilder, for a $50 bonus. I opened my account, adhered to the terms, and received my $50 cash bonus. The other account I opened was with the Ohio Advantage 529 Plan. I figured it was […]
The long-term trend is that investment trading fees are becoming lower and lower. In fact, it isn’t even ridiculous to say that trading fees are heading towards zero at a rapid pace. There’s pressure on investment brokers, of all types, to lower their management fees, offer better services, and it’s coming from different directions.
I just finished reading the latest book from Tony Robbins, Money Master the Game: 7 Simple Steps to Financial Freedom. It’s a long title for a book, but it’s also a large book (almost 700 pages in length). This is the first book from Tony Robbins in over 20 years, so I was excited about […]