IRAs, ROTH IRAS, 401(k)s… the list goes on. There are many different kinds of retirement accounts and without proper knowledge you could easily get overwhelmed, or worse leave money on the table! Picking the right IRA can be difficult, here it’s broken down for you:
Step 2 of my personal finance road map is to contribute to an employer-matched retirement plan (step 1 was to create a budget). Let’s cover this in a few Q&As:
Everything you read about personal finance or investing seems to be riddled with acronyms. There’s IRAs,CDs, ETFs and about one thousand more. In this post I’m going to explain some of the most common finance acronyms:
For those of you who don’t know who Charlie Munger is, a quick google search would reveal that he is Warren Buffet’s, 93 year old, soft-spoken partner. I’ve recently started reading Poor Charlie’s Almanack, by Kaufman. It is one of the best books I’ve read …
Until my not so graceful plunge into adulthood, I only had the vaguest idea of what a 401(k) was. I knew my parents had them, I knew they were for retirement and had something to do with investing, but that’s where my knowledge (and quite …