The 401(k) loan has grown to become one of the most popular loan sources. In fact, where lending is concerned, it’s not an exaggeration to say that 401(k) loans have become an American institution. According to the Employee Benefit Research Institute, 18% of 401(k) plan participants have outstanding loan balances.
If you have $10,000 available, it’s seriously time to think about where to invest it. It’s not the kind of money you can take wild chances with, but you will want to start investing it in a way that will enable it to grow.
If you’re in a 401(k) plan — or if you’re about to join one — you may have heard the term “vested” mentioned once or twice. What does it mean to be vested in a 401(k) plan?
It’s that time of year again. Millions of Americans have begun receiving their tax refund checks. And these refunds seem to be burning holes in everyone’s pockets. Vacations are being booked… large-screen TVs are being bought… and a tattoo artist I know is working around the clock. But this year, instead of taking a cruise or getting some new ink, why don’t you invest your refund toward your future?
Sudarshan Sridharan is a North Carolina high school student who scored headlines recently… not for winning a football championship or starring in the school play, but for making $17,000 by betting on Tesla. That’s right: While most teens daydream about owning one of these cool cars, he went ahead and bought the stock.
Socially responsible investing is a relatively new but fast-growing investment sector on Wall Street. This involves three things that are at least as important as the profitability of a company:
- The values the company holds.
- The way in which it conducts business.
- The “footprint” it leaves on the world.
Robo advisors came onto the investment scene less than a decade ago, but you can already see the effects sweeping through the industry. For investors, robo advisors are changing your investment options, fees and how you interact with investment services. Here are five notable ways robo advisors are changing the industry.
There are all kinds of “alt” movements around. I googled the term “alt-retirement” and was surprised to find that it doesn’t exist. The closest references were to a couple of government programs under the title “alternative retirement plan” that apparently exist for state governments, as well as FICA (the Social Security and Medicare tax). But it seems like it’s high time to roll out the alt-retirement movement.
Robo advisors, or fully automated online investment platforms, are springing up quickly, appealing mainly to new and younger investors. But does that mean they’re right for every investor, in all circumstances? Are there times when you might be better off with a traditional investment advisor, rather than a robo advisor? Yes!
Pop quiz: What’s your credit score? If you’re like many Americans, your answer is probably “I dunno.” Surveys repeatedly show that when it comes to this three-digit indicator of your credit history, most of us are still clueless. Or — if we do know our score — we tend not to know how to interpret it.