If you’ve got more bills than money, the usual advice is to trim expenses and find additional income. But some ways of raising cash can be a lot more expensive than others. Here are four that should be avoided, if possible, and what to consider instead.BEWARE RAIDING A RETIREMENT PLANA big chunk of the money contributed to retirement plans leaks out as hardship withdrawals, … [Read more...] about 4 cash-raising pitfalls (and better options)
Roth IRA
Job Scams and Maxing Out a Roth IRA
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions.This week’s episode starts with a discussion about job scams, including how to spot them and how to avoid them.Then we pivot to this week’s question from Stephen, who asks:“I have a question about maxing out my Roth IRA. My wife just finished school and has started working, so now we … [Read more...] about Job Scams and Maxing Out a Roth IRA
Job Scams and Maxing Out a Roth IRA
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions.This week’s episode starts with a discussion about job scams, including how to spot them and how to avoid them.Then we pivot to this week’s question from Stephen, who asks:“I have a question about maxing out my Roth IRA. My wife just finished school and has started working, so now we … [Read more...] about Job Scams and Maxing Out a Roth IRA
3 More Members of Congress Have Violated the STOCK Act
Insider has identified more than a dozen members of Congress who've broke federal disclosure rules. Republican Reps. August Pfluger and Steve Chabot and Democratic Rep. Cheri Bustos are the latest. STOCK Act violators face a modest fine, at minimum. Members of Congress routinely … [Read more...] about 3 More Members of Congress Have Violated the STOCK Act
Differences between Roth vs. traditional 401(k)
When saving for retirement, investing in either a traditional 401(k) or a Roth 401(k) is a smart idea if your employer offers one. But they aren't exactly the same. Each type comes with its own pros and cons.The main, and most well-known, difference between a traditional 401(k) and a Roth 401(k) is the time at which your money is taxed, but there are other factors to consider … [Read more...] about Differences between Roth vs. traditional 401(k)