The Ideal Portfolio For You
Four Securities Everyone Should Know
If you have a 401k, a 403b, a Roth IRA, or a brokerage account, you my friend, are an investor. It may not seem like that especially if you have a financial advisor, an employer, or some other entity looking after your money. However, even if you have someone looking after your money, you still need to know a bit about investing. If not, you risk getting taken advantage of, losing your money, or worse, not understanding how much you may have! Don’t fear - it’s not hard to understand.
So, what is a portfolio?
Your 401k Options When You Leave a Job
What is a security? A security is a financial instrument that holds some type of monetary value. A little ambiguous? I think so too. Many people don’t think they are “investing” if they participate in their company’s 401k plan, have an IRA, or have a financial advisor. However, even if you aren’t “trading stocks” you are still investing! A few security types make up the bulk of investing such as stocks, bonds, mutual funds, and index funds. Today, we’re giving you a breakdown on what you need to know about these securities to stay informed. You don’t need to know the ins and outs of the stock market to start investing:
How to Stop Emotional Spending
So, you left your job for another opportunity. Congratulations! You have given your two weeks and are ready to move on. You may have said goodbye to coworkers, grabbed a happy hour, and packed up your desk. Did you remember to check what your options are with your 401k before you left?
7 Signs You're Financially Secure
Ahh...the feel of a new purchase, a brand new, shiny object here to improve life. Buying can feel so good. It feels so good until panic, denial, and frustration set in after receiving a credit card bill. This is the trap of emotional spending. To stop emotional spending in its tracks you need to know the warning signs:
Facts About Your 401k
You may be financially secure and not even know it! See our 7 signs of Financial Security.
5 Perks of a 529 Plan
If you work in the private sector, you have probably heard of a 401k plan. However, you might not know what it is, how it works, or why you invest. Today, we're going to be filling you in on facts about your 401k that you may not know:
Shock of Picking a Stock
College has become one seriously expensive endeavor. Did you know the cost of attending college has gone up 260% in the past 30 years? What was once affordable now seems like a daunting expense. However, saving for college can be something you can do before, during, and after school. Why? The perks of a 529 Plan of course.
Reasons To Go Roth IRA
Investing for the first time is like learning a new language. There are new acronyms, symbols, and confusing vocabulary that can leave you overwhelmed and frankly a little defeated. However, with a little guidance and some easy steps, you can be on your way to investing in stocks for the first time.
When NOT to Invest
The Roth IRA is the unicorn of investment accounts. We have referenced the Roth IRA many times but have never gotten down to the nitty gritty of what makes it special. Today, we're going to be breaking down the reasons to go Roth IRA:
The Beginner’s Guide to Investing
The whole purpose of Money Therapy is helping millennials invest. So, why are we talking about when NOT to invest? Well, a lot of you may be in a situation where it is best you don't invest quite yet.
The 5 Account Types You Need in Your 20's ✨
"What actually IS investing? What does it mean?"
I have heard this from almost all of my clients. Or at least, the ones who are brave enough to ask. If you don't really understand what investing is, you are not alone.
How Anne Scheiber Secretly Made $22 Million
Your twenties are the perfect time to establish a great footing for your retirement!
Have you heard of Anne Scheiber? Probably not. Anne Scheiber was a retired IRS auditor who was never promoted and never made more than $4,000 per year (this was the early 1900's). Anne retired in the mid-1940s and had $5,000 saved.