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Posts by Sarah Fisher:
A retirement plan is a savings account you set up during your working years that helps you support yourself once you reach retirement. These savings plans come in many forms, including the 401(k), IRA and more. Usually, a retirement plan is set up to take advantage of an area of the tax code that grants special tax benefits for retirement savers. Using at least one retirement plan to build a nest egg is crucial element to saving for retirement. The type of retirement plan you want depends on what you’re looking for. Do you want a plan that you can get through an employer, like a pension or 401(k)? If you are self-employed, you can look into the Solo 401(k), SEP IRA, or Simple IRA, each with its own pros and cons. Below, we discuss some of the more popular retirement plans and how they work. Read more
Variable annuities are commonly used to save for retirement, as they combine investing and long-term income payments into one product. They also operate on a tax-deferred basis, meaning you won’t have to pay income taxes until you begin withdrawing money in retirement. Insurance companies typically offer variable annuity contracts, so there are many different options available. Read more
As of 2020, millions of Americans owe a combined $1.6 trillion in student loan debt. As a result, it’s currently the second-highest consumer debt category, behind only mortgages. There are, however, a variety of government programs offering relief for people with student loan debt, ranging from income-based repayment plans to debt forgiveness programs. And more help may be on the way: Democratic presidential candidates including Elizabeth Warren and Bernie Sanders have proposed programs that would do away with the country’s mountain of student loan debt. If you have questions about your debt, consider meeting with a financial advisor in your area. Read more
Medicare for All is a proposed new healthcare system for the United States where instead of people getting health insurance from an insurance company, often provided through their workplace, everyone… Read more
Economic indicators are key stats about the economy that can help you better understand where the economy is headed. These indicators can help investors decide when to buy or sell investments. For… Read more
An amortization table shows the schedule for paying off a loan, such as a mortgage. Learn how to make and use one to determine your own loan payoff schedule. You could use the amortization table for… Read more
For individuals, gross income is the total pay you earn from employers or clients before taxes and other deductions. This is not limited to income received as cash, as it can also include property or… Read more
A subordinated loan is debt that’s only paid off after all primary loans are paid off, if there’s any money left. It’s also known as subordinated debt, junior debt or a junior security, while primary… Read more
If you’re lucky enough to win the lottery or you have a pension plan, you may need to decide whether you want to take your earnings as a lump sum or an annuity. If your goal is to maximize your… Read more
The stock markets that most Americans use – the New York Stock Exchange (NYSE) and the NASDAQ – are both open Monday to Friday from 9:30 a.m. to 4 p.m. Eastern Standard Times. Other stock exchanges… Read more
Donald Trump recently released a list of his economic advisors. Only four of them are economists. The other advisors are wealthy real estate moguls and financial and corporate executives. The… Read more
People around the country have discussed the pros and cons of America becoming a cash-free society. While the vast majority of businesses still take cash, we could soon see more and more companies… Read more
Contrary to popular belief, you don’t have to spend a ton of money on food in order to live a healthier lifestyle. In fact, it’s possible to make nutritious meals and save money on groceries at the… Read more
Co-signing your friend’s loan might seem like a nice thing to do. But it can put many things in your life at risk, including your finances, your credit score and even your friendship. While it’s… Read more
The Trans-Pacific Partnership (TPP) is one of the hot-button issues that has been mentioned repeatedly throughout the course of the 2016 presidential race. Constituents and politicians on both sides… Read more
Films are expensive to make. If you’re making a movie without the backing of a studio and its resources, you’ll need to get funding from somewhere. And if you’re on a really tight budget, you might… Read more
One million dollars is often cited as the amount that most people should use as their benchmark when trying to figure out how much they need to save for retirement. But you may be able to retire on… Read more
While it may seem like a company should have to make a profit in order to be considered successful, that’s not always the case. Take Amazon, for example. Although it was founded back in 1994, Amazon… Read more
Anyone who has been to a hair salon knows how annoying and costly getting a hair cut can be. Too often, your stylist will cut your hair too short or try to experiment with something that you aren’t a… Read more
Because of Brexit, the pound – i.e., British currency – has just plunged to a thirty-year low against the dollar. The euro has also fallen to a low against the dollar. The Japanese yen’s value has… Read more
The Consumer Financial Protection Bureau (CFPB) is not well-known to many people. It’s a relatively new government organization that’s part of the Federal Reserve. The CFPB was created after the… Read more
We’ve been hearing about electric cars for a while, but it sometimes seems that the only people who buy them are either very into being energy efficient or very wealthy. But there are a lot of good… Read more
Deciding which stocks to invest in can be difficult. There are different kinds of stocks and all of them have their advantages and disadvantages. Compared to value stocks, growth stocks can… Read more
Basic income has been in the news recently, both at home and internationally. However, many people still aren’t sure what it is or how it would work. The concept of basic income is actually fairly… Read more
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