You don't have to be wealthy to start investing — $100 is a perfectly fine amount to tuck away. We asked five financial planners how best to invest that $100 and they suggested Roth IRAs and more. Consider target-date funds, investing in new skills, or putting money into a health savings account. Read more … [Read more...] about 5 Financial Planners on How to Invest Your First $100
Roth IRA
Why experts say cryptocurrencies are not the best fit for IRAs
GCShutter | E+ | Getty ImagesThe entire cryptocurrency market climbed to more than $2 trillion over the weekend for the first time since mid-May.Bitcoin, one of the more popular digital offerings, also surged to more than $48,000, though it has already lost some of those gains.If you're like many investors, you may be wondering how you can get in on the action. That could … [Read more...] about Why experts say cryptocurrencies are not the best fit for IRAs
What Is an Individual Retirement Account (IRA)?
Editorial IndependenceWe want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.IRAs exist for one reason: to shield you from taxes while you invest for retirement. There are four types of IRAs, which stands for … [Read more...] about What Is an Individual Retirement Account (IRA)?
TSP: Common Misconceptions
What do you think you know about the Thrift Savings Plan? Do you think you are an expert? Well, there are common misconceptions about the TSP and we’ll look at the major ones in this article. There are three widely held misconceptions regarding the TSP. Perhaps the most widely held misconception about the TSP is that one will face a 10% early withdrawal penalty on anything they … [Read more...] about TSP: Common Misconceptions
4 Moves to Ensure You’re a Retirement MultiMillionaire
When it comes to solid financial planning, the truth remains that you'll reap huge benefits by doing a few key things correctly. You don't need to be a perfectionist or a fortune teller, but you do need to take some basic actions as soon as possible to put yourself on the right long-term track. Here we'll explore some of these actions that anyone can do -- or at least begin to … [Read more...] about 4 Moves to Ensure You’re a Retirement MultiMillionaire