Tag: retirement

Can I Open Multiple Roth IRAs? And Other Roth IRA Questions

Can I Open Multiple Roth IRAs? And Other Roth IRA Questions

Roth IRAs are a great tool to help save for retirement. Incase you’re not familiar with the basics, Roth IRA stands for – Individual Retirement Account. The Roth part indicates that you are contributing post-tax dollars. Roth IRAs are not as complicated as they may 

Create Multiple Income Streams – a How To Guide

Create Multiple Income Streams – a How To Guide

Before we get into how to create multiple income streams, your first question might be what do we mean by “multiple income streams”? And why should you care? Well, multiple income streams or multiple sources of income are important for a number of reasons, the 

Coronavirus Affect Your Retirement Account

Coronavirus Affect Your Retirement Account

So how does this Coronavirus affect your retirement account? What should you do with your retirement accounts as the market crashes?

How Much Do You Need To Save for Retirement?

How Much Do You Need To Save for Retirement?

When my dad first retired, his response to the question, “how does it feel to be retired?” was “it’s weird”. He went on to explain how strange it was to not be making money any more, only spending it. He was right, that did seem 

Options Basics – Calls and Puts Explained

Options Basics – Calls and Puts Explained

Options aka financial derivatives can be really difficult to understand, and even harder to make money off of. This post is going to attempt to make sense of some options basics.  

Bear or Bull? What do These Market Terms Mean?

Bear or Bull? What do These Market Terms Mean?

Bear vs. Bull, what are they? “Bear” and “Bull” are used to describe market trends. You will often hear the term “bear-market” or “bull-market”. They are used to describe how the market is moving-up or down. These market terms really describe how investors are feeling 

IRAs- What’s the Difference and Which is the Right IRA for You?

IRAs- What’s the Difference and Which is the Right IRA for You?

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:

Employer-Matched Retirement Plan

Employer-Matched Retirement Plan

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:

401(k) Basics

401(k) Basics

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