There are two phases of retirement planning. The first involves the preparation for retirement. This includes setting a budget for savings, investing the money you save, allocating your money to different assets in tandem with your risk appetite, and using different...
Investing refers to putting your money into a financial asset or scheme with the aim of earning a profit. Investing your money is one of the most critical steps for achieving financial freedom. When you invest, you give your money the potential to grow, beat...
If you have been diligently planning for your retirement, but the talk of recession is making you uneasy, you are certainly not alone. With the stock market falling, inflation increasing, and an impending recession, the portfolios of retired and young investors as...
The Roth IRA is one of the most widely used retirement vehicles in the U.S. An Individual Retirement Account (IRA) has two types – the traditional IRA and the Roth IRA. The two accounts are similar in many ways. They are both tax-advantaged accounts that can offer you...
A financial plan is a document that contains your financial goals, strategies to achieve those financial goals, your current financial situation, debt liabilities, and more. All in all, it serves as a guide to financial freedom. You can create a financial plan as...
