What Is A Mutual Fund?

What is a mutual fund? That’s a great question to ask because if you’re wondering the answer, it means you’re interested in investing and growing your wealth. To put it simply, a mutual fund is a pool of money that’s used to invest in stocks, bonds, and other securities. Investors provide the money that goes…

Acorns Review for 2018

Acorns offers consumers who are interested in investing the best of both worlds. With their services, you can start investing with your spare change, open an IRA to start building for your future, or receive cash back on your purchases from select retailers to help beef up your savings. They also offer a checking account…

An Introduction to Rollover IRAs

You’ve made contributions to your 401(k) or employer-sponsored retirement account for several years but now the time has come to part ways with your employer. And now you’re wondering what to do with your retirement account. Do you cash out your nest egg and let the money sit in a bank account until you retire?…

What’s the Difference Between a 401(k) and 403(b)?

Saving for retirement seems like a long-term plan, but it’s important to understand the nuances of your investments right from the start. If you work for a company offering employee plans, you may have heard of either a 401(k) or a 403(b) — or maybe both. While there are several similarities between the two, there…

How to Invest: A Basic Guide to Making Your Money Grow

Investing is more than just saving for the future — it’s about creating a wealth-building strategy to truly make your money grow. That’s because investing typically earns you a higher interest rate than if you put all of your money in a traditional savings account. While historically low rates are great for when you need…

An Introduction to ETFs

Maybe you’ve recently spoken to a broker or financial adviser about investments, and they suggested exchange-traded funds (ETFs) as a way to diversify your portfolio and boost your earnings. But you have no idea how ETFs work and how to go about adding them to your arsenal of investments. Or maybe you’re just starting out…

An Introduction to Options Trading

Trading stock is as simple as submitting an order for your broker to execute, but options trading is another story. For starters, you’ll have to determine which type of option is the best fit and your experience will be taken into consideration before you’re allowed to engage in a single transaction. This may seem a…

Blooom Review for 2018

If you’re looking for a robo-advisor to automatically manage your employer-sponsored retirement plan, you probably already know that there are a ton of options out there. One of the top contenders is Blooom. They offer a flat monthly fee and focus specifically on defined contribution plans like 401(k)s. We’ll walk you through Blooom’s process so…