Mistakes to Avoid when Buying Into A Business

How to Buy Into a Business

We’ve all thought at one time or another about starting a business so that we can have financial freedom and independence. Buying an existing business instead of starting one on our own can be a great option. There are several benefits you can get when buying a business since you acquire a business model that […]

What is Risk and Financial Advisory?

Risk and Financial Advisory

Risk and financial advisor is a professional who helps you decide how you use your money, where to invest and other financial health issues. They also help you identify, manage, and develop strategies to minimize financial risk. These professionals also help you find business opportunities. Risk and financial advisor has multiple functions. In short, they […]

401a vs 401k: What Is the Difference?

financial concept about 401 PLAN with phrase on the piece of paper

Do you need a 401a or a 401k? These are defined contribution (DC) retirement plans. Employees contribute a determined percentage of their paycheck or a standard amount put into a retirement account. They are sponsored by the employer, who may opt to match a portion of their employee’s contribution to boost their savings. Access to […]

How Old Do You Have to Be to Invest in Stocks?

Fun cheerful school teenage girl drawing a chart with ascending line

Starting Investing When Young It is the younger generations that have shown great interest and awareness of the advantages of starting to invest at an early age. Despite the fact that they are still in the student stage, young people have sought ways to be informed and updated on investment topics. Using Technology to Invest […]

What Is a Contributory IRA? Tax Benefits and Investment Options

What Is a Contributory IRA

This is an individual retirement account arrangement where an employee deposits funds from their salary to cater to their needs after retirement into an individual account. The employer is encouraged to match the contribution made to an individual retirement account up to a percentage of their choosing. In addition, many employers boost employees’ individual retirement […]

How Many IRAs Can You Have? IRA Types and Contribution Limits

How Many IRAs Can You Have

There is no limitation to the number of individual retirement accounts (IRAs) that you can open. It is the amount of the IRA contribution that is capped annually by the Internal Revenue Service (IRS). This is done to limit how much workers with rich remunerations benefit from their tax advantages than the average worker and […]

Roth IRA Pros and Cons: Is It Right for You?

Roth IRA Pros and Cons

A Roth IRA is a type of contributory individual retirement account (IRA) where contributors make deposits from their earnings after tax has been recovered. These IRAs are designated as Roth during set up, so the contributor cannot seek tax deductions for their annual contributions as they file returns. Because the savings comprise after-tax dollars, the […]

How Many Times Can You Use a VA Loan?

How Many Times Can You Use a VA Loan

One of the biggest obstacles to buying a new home or getting a business off the ground is often the capital you need to get started. Whenever servicemen and women need to “move up” as far as buying a house is concerned, they have a slight advantage if they go through the VA loan program. […]

Creating a Successful Budget

Characteristic of a Successful Budget

A budget can be seen as a map of financial freedom. It uses decisions as landmarks for where you need to be, what you should have at each point, and how to get there. The budget features income and expenses, and the ultimate goal of creating a successful budget is to regulate spending to fit […]

What Is A Mutual Fund?

A mutual fund refers to a financial vehicle that pools money from multiple investors to buy stocks, money market instruments, bonds, ETFs (Exchange Traded Fund), and any other securities. Mutual funds are run by money managers who allocate the funds in the most profitable way for investors. All mutual funds have a prospectus. The fund’s […]