When it comes to investing, women still lag behind men in terms of getting started and that means we miss out on years of compound interest. Investing is important because it allows your savings to grow considerably more than they would if you kept all of your money in a savings account. A recent survey by the investing app Stash found that a whopping 85% of Millennial women don’t invest! Why not? … [Read more...] about Why Millennial Women Need to Invest, Even If We Don’t Think We’re Ready
Archives for June 2016
You’ve heard the advice when it comes to saving for retirement: contribute enough to your employer-sponsored retirement plan to get the company match, and then contribute up to the max to a Roth IRA ($5,500 in 2018 and $6,000 in 2019). But Roth IRAs have income limits: For 2018, single tax filers who make $135,000 or more are ineligible to contribute, and they can only … [Read more...] about I No Longer Qualify for a Roth IRA — Now What?