The Beginner’s Guide to Saving and Investing

So your parents or your colleagues or maybe just your conscience is on your case to stop spending everything you earn and start saving and investing some of that hard-earned money.  But where to begin?? It can seem intimidating to …

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5 Money Mistakes Women Should Avoid

Here are some common mistakes that a lot of women make and that you can learn to avoid: Debt Learn to live below your means. If you don’t have cash to back up your credit card spending, then do not …

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Roth Individual Retirement Accounts (IRAs)

An Individual Retirement Account (IRA) is a convenient way for all working people to save for their retirement.  You pay taxes on the money you contribute to your Roth IRA, but the money you save grows tax-free, and you do …

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Traditional Individual Retirement Accounts (IRAs)

An Individual Retirement Account or IRA provides a convenient way for all working people to save for their retirement. A traditional IRA is a tax-deferred retirement savings account; you pay taxes on the money in your account only when you …

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Spousal IRAs

What is it? A spousal IRA is a type of individual retirement account that allows a working spouse to contribute to a nonworking spouse’s retirement savings. A Spousal IRA creates an exception to the provision that an individual must have …

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Employer Retirement Plans: Two Basic Types

There are two basic types of retirement plans typically offered by employers – defined benefit plans and defined contribution plans. Defined Benefit Plans In a defined benefit plan, the employer establishes and maintains a pension that provides a benefit to …

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U.S. Savings Bonds

Savings bonds are securities issued by the U.S. Treasury Department. They provide funding dollars for the U.S. government, and in return for using your money, the government pays you interest. Here are some key features of savings bonds: Savings bonds …

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I -Bonds

Savings Bonds are often considered a safe and trustworthy investment because the U.S. government backs them. There are different types of savings bonds, the most recent and one of the most popular types being the I Bond.  A key feature …

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Mutual Funds – The Basics

Mutual funds are investments that pool together the money of thousands of small investors and invest this money in stocks, bonds and/or other securities.  Instead of purchasing a particular stock, you purchase shares in a whole group of stocks. A …

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