The Best Ways to Give Money Without Giving Cash
Photo: Marie C Fields (Shutterstock) In some ways, money is the perfect gift. It’s liquid, which means the recipient has total agency to do whatever they want with it. Cash…
What You Should Know About the Increases to 401K Maximum Contributions
Photo: fizkes (Shutterstock) The IRS announced last week that workers will be able to set aside an extra $1,000 in their 401(k) accounts in 2022. The change was made as…
Why a 401(k) Might Not Be Enough for Retirement (and What Else You Should Do)
Photo: Tada Images (Shutterstock) While 401(k)s plans are often seen as “set it and forget it” investment accounts, they’re not always guaranteed to cover all of the costs of retirement.…
Why ‘Tax Diversification’ Is a Smart Investment Strategy
Photo: FrameAngel (Shutterstock) Most people are familiar with portfolio diversification, which is a fancy way of saying “don’t put all your eggs in one basket,” but fewer people think about…
Why Millennials and Gen Zers Should Be Investing in Roth IRAs
Photo: BAZA Production (Shutterstock) Since people in their 20s and 30s tend to make less than they do later in life, they’re ideally suited for a special kind of investment:…
How Much Money Do You Really Need in Your Emergency Fund?
Photo: Vitalii Vodolazskyi (Shutterstock) While most financial experts agree that you should set aside emergency cash totaling three to six months of your expenses, that advice can be pretty broad—especially…
How to Invest in Real Estate With Your IRA
Photo: Andy Dean Photography (Shutterstock) It’s complicated—there are a lot of rules, and it requires a lot of capital—but investing in property through an IRA can be a good way…
Should You Pay Off Credit Card Debt With Your 401K?
Photo: TimeShops (Shutterstock) Is it a good idea to pay off high-interest credit card debt with money from your 401(k)? Financial experts will almost always say no, but they’ll also…
Should You Open a Roth IRA or a 529 Savings Plan?
Photo: eamesBot (Shutterstock) Roth IRAs and 529 savings plans are great for saving for college—both are taxed upfront, allowing you to withdraw the investment after it’s grown much larger due…