Penny Stock Trading 101: How to Trade Penny Stocks

When you hear the term “penny stocks”, something along the lines of small investment with a large return probably comes to mind. While it’s possible to turn a profit without breaking the bank to buy shares, you can also end up on the shorter end of the stick as these investments are quite risky. Keep…

What Percentage of Your Salary Should You Contribute to Your 401(k)?

To contribute or not to contribute to your 401(k), and if so, how much? That’s a common question as many are torn between how much of their income should go to 401(k)s, other retirement investment vehicles or financial goals, like debt-payoff or college savings funds. So, what’s the golden rule for 401(k) contributions? The Optimal…

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…

Bitcoin Basics: A Step-By-Step Guide For Beginners

Bitcoin is a cryptocurrency but it is also a concept and an idea. The currency, a single bitcoin, is currently worth close to $9,500 with a total market cap value of $160 billion (updated April 28, 2018). Its value has increased over 22 times over since the first of the year. There are over 16…

How Much Should Your 401(k) Contribution Be?

When planning for retirement, it’s good to have a strategic plan for how you manage your money rather than doing random monthly contributions to your 401(k) from your paycheck. How exactly should your 401(k) factor into your overall retirement plan? Like most financial decisions, there are a number of things to consider. We’ll walk you…

IRA vs 401(k) – Where Should You Invest Your Money?

You want to start building your nest egg but don’t know which type of retirement account to choose. Sound familiar? Settling for the 401(k) plan offered by your employer may seem like the most logical choice. But it may be worthwhile to explore traditional and Roth IRAs as well. Read on to learn about key…

Everything You Need to Know About Borrowing Money from Your 401(k)

A 401(k) is an integral part of many people’s retirement strategies. But did you know you may be able to actually take out a loan from your account? There are plenty of pros and cons associated with this plan. However, it can be extremely helpful if you want to avoid the loan application process, credit…

Best Online Stock Brokers for Beginners of 2018

Ready to get started investing but not sure where to start? We’ve compiled a list of the top brokers we recommend for 2018. Catering to both seasoned and beginning investors alike, there’s someone on this list for everyone. Whether it is customer service, affordability, or platform versatility, each of these brokers shines in its own…

FutureAdvisor Review for 2018

Robo-advisors are becoming increasingly popular these days, giving everyday people a more cost-effective way to invest at all levels. Rather than pouring over investment books and blogs, you can choose a robo-advisor that fits with your general risk philosophy, then pay a small percentage of whatever funds you’re able to invest. You presumably get the…

Best IRA Accounts for 2018

Whether you’re looking to beef up your retirement game or find a place to rollover a 401(k) from an old employer, an IRA can be a great tool to use. Most people choose either a traditional IRA or a Roth IRA, both of which come with distinct tax benefits. There are other types available, particularly…