Roth IRA

A Roth IRA can be a great way for a child or grandchild to begin saving for retirement while learning about investing. A child can utilize a Roth IRA as long as he has some kind of income for the year. If the child isn’t a minor, he can open a Roth IRA at an investment firm. However, if the child is younger than 18, an adult will have to open what is known as a custodial … [Read more...] about How teens can start investing through a Roth IRA

About 26% of Americans — and 33% of millennials — expect to change jobs once the pandemic ends. Add to that those who lost their jobs because of the pandemic, and millions may have to decide what to do with their old 401(k) plans. Here are three options for workers, especially those with many years to go before retirement. • … [Read more...] about Leaving your job? 401(k) rollover advice

Project Self-Sufficiency launches new program to Raise Awareness of Childhood Trauma Impact Newton, NJ (July 23, 2021) – Project Self-Sufficiency has launched PACEs, a new initiative dedicated to raising awareness of the impact of childhood trauma with the goal of preventing adverse childhood experiences.  The agency is inviting professionals, educators, parents, … [Read more...] about Weekly News Recap: Largest Regional Carnival – State Park Fountain

As someone who writes about personal finance, I tend to give people one big piece of advice: save adequately for emergencies. In fact, I believe that, no matter your age or income, your first financial goal should be to sock away enough in a savings account to cover three to six months of living expenses. That way, you have cash to tap in case you lose your job or encounter a … [Read more...] about How many months should your emergency fund last?

July 21, 2021 6 min read This story originally appeared on MarketBeat You probably already know the basics of a traditional IRA (you invest pre-tax income — you can currently contribute up to $6,000 in 2021 — and must take required minimum distributions after age 72). You also may already … [Read more...] about Considering a Backdoor Roth IRA? Here’s Why You May Want to Reconsider