A ROTH IRA is a type of retirement account that can be set up which provides you with the advantage of being able to pay the taxes on what you invest now, rather than later. Just like other types of IRAs you simply use the funds to invest in financial products with the goal of seeing it …
An IRA (Individual Retirement Account) is a type of investment product that allows you to deposit money to fund investments that will help you save for retirement. The funds that you have in an IRA can be used for stocks and bonds, savings accounts, and other investment vehicles. This will have to be determined by …
When it comes to the current state of the world, one can’t help but think of how things are going to affect them when it’s time to retire. Especially when you consider things such as the fate of social security becoming more uncertain than it ever has before. Instead of risking the years of your …
Retirement Planning: The Smart Approach to Retiring Read More »
Mutual funds are exactly what they sound like, funds that are made possible by using multiple parties to fuel investments. Rather than having one portfolio for a single investor, mutual funds are basically a portfolio made up of numerous investors. These types of funds can invest in stocks, bonds, etc. How a Mutual Fund Works Basically, …
Investment brokers are the go-between for investors and their investments. Rather than having to deal with multiple banks and investing platforms, your portfolio is brought into one place so that it’s easier to manage and track the money that you’ve invested. The Basics of Investment Brokers There are two main types of brokers that are used, full-service …
Investment Brokers: A safer approach to investing? Read More »
A 401(K) is essentially a savings account that provides employees with the opportunity to invest what they have earned. There are many different investment options available such as mutual funds, stocks, etc. which makes it a great choice for those who have employers that provide this option. How a 401K Works Classified as a “qualified retirement plan,” …
Whole life insurance is a form of guaranteed life insurance that comes with a savings counterpart to provide a little extra cushion through the difficult walk of life. It is more expensive as insurance companies look at this type of policy to pay the death benefit eventually, whereas with other types such as term life …
Is whole life insurance one of the best options? Read More »
For those who need to embrace affordability, term life insurance might be the option that they need in order to plan for the time that they depart life. Sure, it’s not the happiest moment that one can think about but planning properly can help ensure that your family is taken care of in your absence. …
If you are older or if you have certain health conditions that prevent you from obtaining other types of life insurance, simplified issue life insurance might provide you with the coverage you need. Other types of insurance can be strict, and often require you to undergo a medical exam before they approve you. If you …
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Just because you rent your home doesn’t mean that you need to expose yourself to unnecessary liabilities, which is where renter’s insurance makes sure that you’re protected. While your landlord may have an insurance policy on the home itself, it doesn’t cover anything that you lose personally. When disaster strikes, make sure that you minimize …
Renter’s Insurance: The Path to Personal Protection Read More »
PPO insurance (which is short for Preferred Provider Organization) is kind of like an HMO, but it still has its differences. Just like an HMO, this is one of the more popular types of medical ensures that are embraced today. It still embraces a network that the insurance company has set up for those that …
PPO Insurance: Is it even worthy of consideration? Read More »
POS insurance, formally known as point-of-service insurance, takes a little bit from two of the most popular types of medical insurance on the market (PPOs and HMOs) to combine them into a single package. You can use this type of insurance both in-network as well as out of network. This does provide more flexibility than …
POS Insurance: Is it a good alternative to HMOs? Read More »
Unlike term life insurance, permanent life insurance is exactly as the name suggests, permanent for the life of the insured person. This means that regardless, you will be covered if you make your premium payments on time. Upon your death, the benefit will be paid out to the person that you choose to be your …
When you want to ensure that you provide those you care about with something after you’re long and gone, life insurance is the best way to do this. By paying a monthly premium, your beneficiary (or beneficiaries) will receive a lump sum upon your death. The amount that is paid out is determined when you …
Preparing for the Unexpected with Life Insurance Read More »
It isn’t uncommon for homeowners to write home insurance off as something that’s optional, and this has led many to not insuring their home as well as the contents that are inside. It’s an unfortunate happening, to say the least. While it might seem like you’re saving money right now by not making payments on …
A home and auto insurance bundle is a marketing technique that insurance companies use to increase their revenue, and it can save consumers money. Just like anything else it’s something that you should embrace only after doing your homework to ensure that it’s as good of a deal as it sounds. While it might sound …
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HMO insurance, which stands for Health Maintenance Organization, is one of the most popular types of medical insurance on the market. It maintains a focus on promoting the health of patients and providing them with care from within a network of doctors and hospitals that they have developed. When HMOs started taking their first steps …
When things happen, and you find yourself having to visit the doctor or local hospital, the last thing that you want to have to worry about is how you’re going to pay for it. Not to mention, the cost could be a lot more than it would be if you had health insurance coverage. Health …
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HDHP insurance is one of the most affordable types of medical coverage on the market today. It does come with a higher deductible than the other types, which is why it’s able to embrace a higher sense of affordability. The upside is that once you reach your annual deductible set forth by your insurance company, …
When your days are over, it can leave a lot of pressure on those around you. It can also lead to stressful situations as well as put a lot of weight on their shoulders. In order to minimize the stress, final expense insurance can help ensure that your affairs are in order when you pass …
EPO (Exclusive Provider Organization) insurance refers to a type of medical insurance that only covers you if you use a doctor or healthcare facility within their network. There is no need for a PCP (Primary Care Physician) like you would be required to have with other types of policies. How EPO Insurance Works When you …
Those who find themselves living in a condominium don’t own the property that they live in, but this doesn’t mean that they need to risk losing their belongings or have damage that they can’t afford to repair. This is where condo insurance comes in handy as it covers the inside of the unit as well …
Auto insurance ensures that compensation is provided if you happen to be in an accident or cause damage to the property of someone else with your vehicle. There are other things that car insurance may cover as well, dependent upon your policy that you signed up for. It’s required by state law, as things do …
With the advancement of technology comes an increased risk of someone stealing your information and using it to their advantage. Therefore, identify theft protection has found itself to be in higher demand than it ever has before the World Wide Web was embraced as much as it is today. What is identity theft protection? Unlike …
For those who have a lot of debt (more than just a manageable amount), debt relief may be an option worthy of your consideration. The most popular forms of debt relief include bankruptcy, debt settlement, and debt management. Of course, you could take the “do-it-yourself” approach, but it is usually best to seek out professional help …
Whether you’re facing the moment that you might be considering bankruptcy, or you’re just trying to get a handle on your finances before they get out of control, debt consolidation might be worth considering. It’s a way for you to pay off your debts without having to worry about it making your credit score take …
Debt Consolidation: An Alternative to Bankruptcy Read More »
As the world continues to progress, the focus on being financially independent is growing rapidly as well. Being able to embrace financial freedom and having an excellent credit score is powerful and the cat has been let out of the bag. It is for this reason that many have found themselves wanting to embrace credit …
Staying on top of your credit score is essential to ensuring that you continue to build your credit. This can be done by getting your credit report and using the information that you find in it to know what area of your credit has room for improvement. What is a credit report? In a nutshell, a credit …
If you travel frequently (regardless of whether it’s for business or for personal reasons), you might consider getting your hands on one of the many travel credit cards out there. It’s a great way to get rewarded for doing something that you’re already doing. Not to mention, it could even provide you with the opportunity …
The days of credit card companies marketing aggressively to students on campus are gone, as they’re presented with the requirement to be more innovative in this approach. Yes, they used to set up folding tables on campuses just to sign up as many students as they can for their cards. However, new requirements and a …
Being in the financial services industry, every day we see all types of credit card offers, and one type that continues to grab our attention like no other is secured credit cards. They are a great option for those with little or no credit. The Basics of How Secured Credit Cards Work This type of …
Secured Credit Cards: Are they a breath of fresh air? Read More »
Most credit cards available to consumers today are rewards credit cards. It’s for good reason too as it provides consumers with a solution that makes them feel as if it was custom-tailored specific to their needs. From rewarding you for travel to providing cashback for certain purchases made using the card, it seems as if …
For those that don’t want to go with a traditional credit card, or a secured card, but still want the convenience that a credit card has to offer, prepaid credit cards offer that opportunity. You can still use them to pay your bills, withdraw money, and make purchases. How Prepaid Credit Cards Work A common …
Having poor credit can really put a damper on things times, especially when you need to get your hands on a little extra cash. Thankfully, poor credit credit cards provide you with the opportunity to have access to funds when you need them. These types of credit cards are a little bit different than the …
Many people wonder whether a credit card that comes with no annual fee is something that’s too good to be true, or if it’s really a great opportunity. We all know that credit cards have been known to come with pesky annual fees (that can get expensive at times). Today, we’re going to put an …
No Annual Fee Credit Cards: Does it sacrifice quality? Read More »
Credit cards with high-interest rates have made it expensive for many to live a comfortable life, but they’re no longer the only option out there. As the financial industry has progressed, so have the opportunities that are made available to cardholders. One of the best opportunities to exist to date is none other than low-interest …
Low Interest Rate Credit Cards: An Economical Approach Read More »
When you’ve remained committed and regimented when it comes to the financial aspect of your life, you deserve the benefits that a good credit score has to offer. Sure, you might be able to get access to better loans, but good credit credit cards provide you with a priceless opportunity as well. Understanding Credit Cards …
Those who have fair credit (which is classified as a score within the range of 580-669) may find it difficult to get their hands on the best credit cards, but this doesn’t mean that there isn’t any hope. In fact, lenders have come to the realization that not everyone has the best credit score in …
People with excellent credit have successfully made it through a rather long (and often difficult) journey to financial success. While a perfect credit score (which can be up to 850, dependent on the credit bureau) may seem impossible, many have found that making it their goal to get there can unlock some great opportunities to …
Cash back credit cards provide a reward that everybody loves, cash money. You can expect to earn between 1% to 2% depending on the credit card company that you decide to go with. While this may seem like a great opportunity, you’ll want to make sure the choice you make is truly the best one …
For those who are looking for a way to fund their business, business credit cards could provide the solution that you’re seeking. Unlike a personal credit card, this is a type of card that’s specifically for business use only. It doesn’t cover anything that can be deemed as personal use. It doesn’t matter how small …
If you find yourself paying high-interest rates, you might not think that there’s any hope left for you when it comes to making it more affordable. However, that’s not the case. Balance transfer credit cards could offer you the opportunity to lock in lower or no interest rates as well as encourage you to pay …
You might think that there is a catch if any financial institution wants to help you out, even though your credit is bad (or non-existent). The truth of the matter is that while the options may be different when it comes to bad credit credit cards, there is really no catch at all. For the …
Having a savings account can make it easier to save money for the times that you need them the most, and it’s a great way to earn interest on it at the same time. This type of account does limit the number of withdrawals each month, as it’s designed to help you save money instead …
Is a savings account the best way to save money? Read More »
You can think of online banking (also commonly referred to as internet banking or web banking) as the modernized approach to banking. It allows account holders to conduct transactions via the World Wide Web which is a lot different than the earlier days of banking where this wasn’t even thought of. For those who haven’t embraced …
A money market account is like a savings account, but it comes with options that used to only be seen with checking accounts (such as checks and a debit card to use when needed). It’s for this reason that many have found this to be a great solution that allows them to save while being …
Hefty bank fees, withdrawal limits, and monthly service charges are just a few of the reasons that many people are seeking out the opportunity to embrace a free checking account. After all, why not embrace the opportunity to make paying bills easier and get your paychecks deposited directly without having to pay an arm and …
A checking account is the most popular type of banking account among consumers as it provides one with the opportunity to pay their bills, take money out, and write checks for purchases. If you’re looking for a way to safely store your money daily, this is the avenue you’ll want to take. Today checking accounts …
Similar to opening a savings account, a Certificate of Deposit comes with an additional stipulation. That you won’t withdraw the money from the account until a pre-determined period of time has come to pass. Other than that, it’s done just how you would open up a savings account with your financial institution. How a Certificate …
