Roth IRA

Courtesy Lakisha Simmons (NEW YORK) — Lakisha L. Simmons, Ph.D., was a 36-year-old working mom of two young sons when she got divorced in 2017. “I stayed in the family home with the boys and all of the bills were suddenly mine, all alone,” Simmons told Good Morning America. “That brought back rushing all of the feelings [of financial insecurity] from when I was a girl, that I … [Read more...] about How this single mom got out of debt and retired at 41

Thomas Barwick | DigitalVision | Getty ImagesIn July, the first of six monthly child tax credit payments went out to more than 35 million households with about 60 million kids, according to the IRS.The money is an advance on a 2021 credit and is an enhancement of the existing child tax credit. For 2021, the credit increases to $3,000 from $2,000 per child under the age of 17 … [Read more...] about Here are a few ways to make monthly child tax credit payments grow

Used cars. welcomia/iStock Here are three of the week's top pieces of financial insight, gathered from around the web:The used-car buying frenzy"The used-car lot, ordinarily a haven of haggling and wheeling and dealing, is now a hotbed for wallet-busting transactions," said Keith Naughton at Bloomberg. The average cost of a used car hit a record $26,457 last month, "up almost … [Read more...] about The used-car buying frenzy

NEW YORK — Lakisha L. Simmons, Ph.D., was a 36-year-old working mom of two young sons when she got divorced in 2017."I stayed in the family home with the boys and all of the bills were suddenly mine, all alone," Simmons told Good Morning America. "That brought back rushing all of the feelings [of financial insecurity] from when I was a girl, that I was alone and in this world … [Read more...] about How this single mom got out of debt and retired at 41 – WHIO TV 7 and WHIO Radio

getty Congratulations! Your child has a job! Now what? How about a Child IRA? Your child won’t be thinking of this, but you should. It doesn’t matter if the work is a full-fledged 1099-producing summer job or just a little gig helping out with the neighbor’s chores. You might not think this is a top priority, but according to experienced financial professionals, it … [Read more...] about How Parents & Grandparents Can Help Fund A Child IRA