When you’re first getting your financial act together, the advice you’ll get pretty much boils down to: Create a budget Build up emergency savings Pay down debt Contribute enough to your 401(k) to get a company match, and fund a Roth IRA as well if you can You built up a solid career, got out of debt, started saving for retirement...in short, you’re doing everything right. … [Read more...] about You’re Doing Really Well Financially: Now What?
Retirement Planning
17 Investing Terms Millennials Should Understand
Do you have lots of savings in cash, but not much invested for retirement? If so, you're not alone. A majority of Millennials prefer to keep their assets in cash and don't trust the idea of putting money into the market. That's not too surprising, since many members of Gen Y started life "in the real world" right before or during the Great Recession. We saw our parents retirement accounts crash … [Read more...] about 17 Investing Terms Millennials Should Understand
Should I Contribute to a 401(k) or a Roth IRA?
I am asked a lot of questions about retirement: Where should I save for retirement? Should I use a 401(k) or a Roth IRA? Can I do both? What’s a Roth 401(k)? How do I find out about my company match? I have a 403(b), what’s that? These are all great questions! Today I want to break down all these ways to save for retirement and which ways might be best for you. … [Read more...] about Should I Contribute to a 401(k) or a Roth IRA?