Paving the way to financial stability is not an easy task. You need to be disciplined and consistent yet flexible and open-minded. You need to build good financial habits and ditch the bad ones to help you achieve your financial goals. To help you get started, these experts shared their best financial habits for 2019….
All Personal Finance Articles - Page 3
How Capital One is Bringing 401(k) Plans to the Masses
Capital One Advisors 401k Services began in 2011. Since then, Capital One has been focused on providing 401(k) plans through its two main offerings: ShareBuilder and Spark 401k. Through ShareBuilder 401k, which was started in 2005, Capital One provides custom 401(k) plans to smaller mid-market firms. Capital One Spark 401k was launched in 2016 to…
26 Best Financial Tips for the New Year From the Pros
As the new year begins, it’s time to make resolutions, start saving more, and spend less. However, working towards your goals can be difficult, especially if you don’t know what to do or where to start. To help, we spoke with the experts who shared the best financial tips for the new year. Below are…
ETFs: What They Are, How to Invest, & Who They’re Right For
An exchange traded fund (ETF) is a type of fund that pools together individual stocks, bonds, and other securities. ETFs allow investors to diversify their investments much more cost-effectively than trading individual stocks and bonds. Investors can also trade ETFs anytime during the day, so they’re ideal for investors who want short-term gains. What an…
Top 20 Financial Mistakes People Make in Their 30s
Most people in their 30s start to establish a career, build a family, and plan for the long-term future. Unfortunately, this is also the period when many fall victim to various money mistakes that can negatively impact one’s finances. We spoke with the experts who shared the different financial mistakes people make in their 30s….
Top 27 Money Management Tips from the Pros
Learning important money management skills will help you attain a financially stable future and prevent certain financial distress. Saving for retirement, minimizing debts, and creating a realistic budget are a few of the essential skills you need to master. We spoke with the experts who shared their best money management tips for you to get…
Mutual Funds: What They Are & How to Invest
A mutual fund is a professionally managed investment fund that holds a diversified basket of stocks and bonds. Using mutual funds, investors get more diversification, which lowers investors’ risks of losing money. Mutual funds are also more cost-efficient than buying individual stocks and bonds, making them ideal for investors who don’t have millions to invest….
Irrevocable Life Insurance Trust (ILIT) & Succession Planning
An irrevocable life insurance trust (ILIT) is a trust that serves as the owner and beneficiary of a life insurance policy. A life insurance trust helps wealthy individuals to protect assets and avoid estate taxes, and is a succession planning tool for small business owners who want to transfer a business to heirs or partners….
Top 26 Financial Mistakes People Make in Their 40s From the Pros
As you inch closer to retirement, it’s important to be financially prepared for the costly expenses that come with age. Be careful not to make serious financial mistakes because you won’t have as much time to correct them. We spoke with the experts who shared the common money mistakes to avoid when you’re in your…
Retirement Calculator
How to Read Your Retirement Calculator Results You can use this retirement savings calculator to glean a number of key insights including: When you’ll run out of money: People typically retire between the ages 65 and 70; using the retirement calculator above you can predict when you can comfortably retire by adjusting contribution amounts, contribution…
Individual & Solo 401k Rules, Contribution Limits & Deadlines
A Solo 401(k) is a qualified retirement plan allowing business owners and their spouses to shelter up to $56,000-$61,000 of income from taxes each year. Solo 401(k)s are like any other 401(k) except they are lower cost and are an option for business owners with no full-time employees. ShareBuilder 401k is an experienced 401(k) provider…
Roth IRA: Rules, Contribution Limits & Deadlines
A Roth individual retirement account (IRA) is an individual retirement account that allows investors to contribute up to $6,000 per year for retirement. Unlike traditional IRAs, Roth IRAs allow post-tax contributions that then grow tax-free and are withdrawn tax-free during retirement. Roth IRAs are ideal for tax-conscious investors who want to lessen their income tax…
