If your company provides a 401k plan for its employees, are you getting the best returns possible on your 401k? The upside to 401k retirement planning is that you have some level of flexibility when it comes to deciding who will manage your investments until you’re ready to retire. Unfortunately, many experienced investment advisors are too expensive for everyday folks who just want to maximize their savings so they can retire by 65 or earlier. For this reason, the founders of Blooom started their company to offer affordable 401k planning … [Read more...] about Blooom Review – A Robo Advisor to Manage Your 401k Plans Easier
Whether you’ve considered getting into investing or you’re a seasoned pro when it comes to managing your own investments – perhaps with the help of robo-advisors to optimize your investment portfolio – one question that remains for most investors is: what is a good return on investment? What type of ROI should you be striving for with your investment portfolio? It’s an important question, but many folks assume that, as long as they’re earning higher rates of return with their current selections than other options like savings accounts, then … [Read more...] about What Is a Good Return on Investment for Your Portfolio?
UPDATE - This round of investing is closing on Friday, October 27th at midnight! Now's your last chance to invest in a movie and earn a great rate of return (plus residuals). Click here to invest through WeFunder. Don't miss your chance to earn a 15% return on your principal and 50% of the pro-rated profits in perpetuity! I’ve talked about investing in things like a rock and roll band through Kickstarter before. I’m a huge fan of the platform and of crowdfunding projects in general. But, recently, I had the opportunity to invest in a full … [Read more...] about How to Invest in a Movie and Make a Great Return on Investment
Even if you’re single, your personal credit score matters to other people beyond just your landlord and lenders. In fact, a new survey from Discover Financial Services and Match Media Group (parent company of the Tinder dating app) found that 69% of the 2,000 people surveyed agreed that financial responsibility is an extremely important quality to them when it comes to finding a romantic partner. Surprisingly, financial responsibility ranked higher than a sense of humor (67%), attractiveness (51%), and ambition (50%). What does this … [Read more...] about
If you’re living paycheck-to-paycheck, long-term savings and investment strategies aren’t exactly a priority. After all, you need to make sure you can afford basic human necessities like the roof over your head, utilities, and food, not to mention life necessities like car insurance and cell phone plans. Once everything is accounted for, what little is leftover from your last paycheck might be used to pay off debt or go out to dinner one night per month. Investing money in stocks, bonds, or any other option just doesn’t seem feasible, given … [Read more...] about
Most parents do a wonderful job of preparing their kids for academic success, future jobs, and raising families of their own, but countless studies released over the past several years indicate that parents have somewhat failed to educate their kids in one crucial category: personal finance. Younger generations are experiencing almost unprecedented financial struggles as they get into their 20s and 30s, but is it really due to them just being “lazy” like the media headlines suggest? Why else would the quality of their lives be decreasing … [Read more...] about
Do you have bad credit? So do millions of other Americans – I’ve been there too. Fortunately living with a poor score is not as nightmarish as it sounds. Here are 7 warnings, tips, and methods to help you come through the other side … 1. Be Prepared to Pay Deposits Lending, providing services, renting out a property; all these things are about risk and if you have bad credit, providers need reassurances that you will fulfill your obligation. One way they do this is to require deposits, which might be looked at as a form of … [Read more...] about 7 Tips for Living with Bad Credit
The following is a guest post from Evan Tarver is a small business and investments writer for Fit Small Business. If you'd like to submit a guest post to Money Q&A, check out the site's Guest Posting Guidelines. A 401k lets you invest a portion of your paycheck into an investment account that can be accessed at retirement. Plan contributions are typically invested in a diversified portfolio that includes mutual funds, stocks, bonds, and other investment vehicles permitted by a 401k. 401ks are the most popular type of retirement plan … [Read more...] about 5 Reasons Why Investing in Your 401k Is a No-Brainer
The idea of “keeping up with the Joneses” is less of a financial phenomenon than it is a psychological one. While it certainly involves spending a lot of money to mirror the life of someone you admire (or are jealous of), a lot of it boils down to psychologically-induced spending habits in a misguided race to “have it all.” How to Stop Keeping Up with the Joneses Rather than blowing your money on impulse purchases to maintain a similar lifestyle as your family members, friends, or neighbors, here are some helpful strategies to rein in your … [Read more...] about Top 4 Ways to Stop Keeping Up with the Joneses
It’s not hard to find ways to save money while shopping online, but there is always room for improvement when it comes to efficiently finding coupons and deals for websites you regularly shop at. The Honey browser extension does just that: automatically find the best promo codes online and enter them for you during checkout so you can save money with no extra effort! The Honey browser extension is completely free and available on many different browsers (Chrome, Firefox, Safari, Opera). So, there is no reason to avoid trying out Honey during … [Read more...] about Want to Save Money with No Extra Effort? The Honey Extension Can Help!