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.
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.
Despite the name, Openfolio is not a standard web-based investment platform or robo advisor. It’s something closer to Wall Street meets Twitter, and produces a compelling social media sharing site for the investment crowd. Will it help you to become a better investor? When you see some of the people participating on the site you […]
It may seem strange to discuss a topic like diminishing returns on an investment site, after all aren’t we all trying to increase our returns? Yes, but in economics and investments, diminishing returns is a very important topic to understand. You don’t want to continue your same efforts, with the same (or even less) reward […]
One of greatest advantages to saving for retirement is the tax benefits you get when investing in an IRA or other approved retirement account. Most people know there are tax benefits to opening an IRA account, but few understand how many benefits there are, and how powerful they can be in the cause of saving […]
There’s a mistake that many Americans have made in the past, and are guilty of making right now. They’re relying primarily or entirely on Social Security for income during retirement. Don’t make this same mistake. The end result is that you won’t be able to pay all of your bills, and my have to find […]
We often think that getting our finances in order takes some sort of grand plan. In truth, you can actually go through a series of five-minute actions that will improve your financial life. The secret is to apply a few minutes to each aspect of your financial situation on a consistent basis, which will help […]
Just about anyone who understands the benefits of a Roth IRA, will want to convert their traditional IRA money to a Roth IRA if they can, but the income tax consequences of the conversion can be significant. Thankfully, there are a couple of ways to work the conversion that will prevent you from losing money […]
When robo-advisors first started rolling out a few years ago, it’s likely they were largely ignored by the rank-in-file among the investment advisory industry. But as the years have passed, the number of robo advisory services has increased, and the sophistication of the services has grown, they’re likely a game-changer in the investment world. Their […]