When it comes to saving for retirement, it can feel like navigating a maze of financial jargon. You might have heard terms like tax-deferred and tax-exempt, but what do they really mean? More importantly, how do they affect your hard-earned money? Don’t worry, I’ve got you covered. Let’s break down Read more…
Great news for anyone looking to start—or boost—their retirement savings: 2025 is shaping up to be a year where you can stash even more for the future. The IRS has upped the contribution limits for 401(k) and IRA accounts, giving people more breathing room to grow their nest eggs. Limits Read more…
Starting a new job is exciting—a new paycheck, new people, and new opportunities. But in the whirlwind of change, it’s easy to forget something crucial: our retirement savings. According to a Vanguard study, many job switchers lower their retirement savings, often without even realizing it. Over time, this oversight can Read more…
When I first started working, I didn’t think too much about my 401(k), but I’m so glad I enrolled right away—it made a huge difference. That retirement money has the most time to grow, thanks to compound interest. If your employer offers this benefit, taking advantage of it early can Read more…
When it comes to planning for retirement, you might have heard about it but not know much about how and when to start saving for it. Retirement planning means putting money aside now so you can live comfortably later in life when you’re no longer working. The earlier you start, Read more…
You may have heard people talking “I Bonds” all over social media the past few years, and there’s a reason for that—they’re getting a lot of buzz! But what exactly is an I Bond? Let’s break it down in simple terms. What Are I Bonds? A Series I Bond is Read more…
When you start investing, you’ll probably hear the term ‘diversification’ come up a lot. But what does it really mean, and why should you care about it? In simple terms, diversification means spreading out your investments across different types of assets. Instead of putting all your money into one thing, Read more…
You’ve might have heard people mention ‘bonds’ when talking about investing, but it’s not always clear what they are. Don’t worry—you’re not alone! Bonds can seem confusing at first, but they’re actually pretty simple once you break them down. Think of a bond as a loan, but instead of you Read more…
Starting with just $5 may not seem like much, but it’s all about building the habit of consistency. From my own investing experience, I’ve learned that the earlier you start, the more you can benefit. The key isn’t having a lot of money up front—it’s creating a routine of investing Read more…
We’ve heard of compound interest, and while it can work against you in debt, it’s a game-changer when it comes to growing your savings. If it feels overwhelming, don’t worry – the key is simple: compound interest helps your money earn even more money over time. In our community, where Read more…