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A Beginner’s Guide to Trust Funds

If you’ve heard of a trust fund but have no idea what it is, you’re not alone. Most people only know one thing about trust funds—they’re set up by the very rich in order to give hundreds of thousands of dollars to charities, family members or friends.

How Much Money Do You Need to Start Investing?

One of the most common mantras among financial advisors is “make your money work for you.” While that’s good advice, the problem is that since most of your paycheck gets eaten up by the necessities of living, there’s very little left over to invest.

Why You Need to Add Beneficiaries to Your Accounts

The one part of financial planning nobody likes to think about is who will manage your accounts after you’ve passed away. This is understandable. Nobody really likes thinking about what happens after they’ve died, and trying to divide up even a small estate can seem intimidating.

5 Ways to Protect Yourself From Investment Fraud

After Bernie Madoff was caught stealing billions of dollars from investors he had lured into his Ponzi scheme, people realized that not everything that shines is gold. You may not run into a white-collar criminal like Madoff, but if you've done research online for investments over the years, you'll end up running across scams sooner or later. Be on the lookout for signs such as these:

How to Plan for Retirement at Any Age

Whether you're just getting started in your career or are already a seasoned pro, your first step in planning for retirement is estimating how much you need to save. 

5 Less-Known Tips for Opening an IRA

An Individual Retirement Account (IRA) is a tax advantage account which aims to help people save money for retirement. Many tips can be utilized to get the most out of these savings vehicles. They are as follows:

401k Plans and Your Retirement

A 401(k) is a retirement savings plan that is offered by companies to their employees. Employees can save a small percentage of money from their paychecks before taxes are deducted. 401k plans are beneficial in helping people save for the future.

7 Ways to Help Save for Retirement

There comes a time in everyone's life that they starts to think of a retirement plan. Many people don’t think about it until their thirties. By then, the ideal time to start saving for retirement may have passed. Everyone knows they should be doing it, yet we all make excuses and give reasons for why we can’t save for retirement.

10 Reasons to Not Borrow from your 401k

Many people believe it is okay to borrow from your 401(k) to get fast money for emergencies, but dipping into your 401k can be a bad idea. Borrowing from your 401(k) might not affect you now, but it will hurt in the long run. If you keep borrowing from your 401k, you are at a risk of running out of your retirement savings faster than you planned.

Traditional IRA vs. Roth IRA

If you’re thinking about saving for retirement, there are a lot of things to consider. There are many retirement accounts to choose from. Retirement accounts sponsored by the workplace aren’t the only way you can save money. You can also do it through individual retirement accounts, also known as IRAs.