“A money market account is like a hybrid checking and savings account,” says Sarah Li-Cain, who specializes in financial writing and runs a personal finance podcast. One of the biggest advantages of money market accounts is that they can offer a higher interest rate than your average savings...
Here are the three benefits that warrant a closer look. FUND A HEALTH SAVINGS ACCOUNT HSAs are “one of the most commonly overlooked benefits,” says Alyson Basso, a financial planner in Middleton, Massachusetts. HSAs are typically offered in conjunction with high-deductible healt...
A good financial advisor will take the initiative to get to know your background, goals, and plans for the future. Once they have a clear understanding of your situation, they can help you develop a financial plan that is tailored to your unique needs. Have a question for a financial advi...
travel, insurance, and other personal finance topics since 2012. Before switching to freelance writing, Lee spent nearly two decades as a financial planner and corporate finance manager. He enjoys showing people how to travel more, spend less, and live better by taking control of their finances....
Advantages of Using a Roth TSP for Investing Here are some positives to using a Roth TSP to save for retirement: 1. Eligible Withdrawals are Tax-Free There are no taxes on Roth TSP withdrawals so long as you meet withdrawal eligibility requirements. ...
Advantages of Using a Roth TSP for Investing Here are some positives to using a Roth TSP to save for retirement: 1. Eligible Withdrawals are Tax-Free There are no taxes on Roth TSP withdrawals so long as you meet withdrawal eligibility requirements. ...
Liz Weston Liz Weston, Certified Financial Planner, is a personal finance columnist for the Los Angeles Times and NerdWallet. Questions may be sent to her at 3940 Laurel Canyon, No. 238, Studio City, CA 91604, or by using the “Contact” form at askli...
Before you can maximize your employee benefits, you have to know what they are, says Samantha Gorelick , a certified financial planner at Brunch and Budget, a financial consulting firm based in New York City. “A lot of people don’t actually know how much their employer will match, or wh...
Also, every year, PFS professionals must complete 20 hours of continuing professional education. Annually, they must pay a fee of several hundred dollars to continue using the designation.3 A personal financial specialist (PFS) designation offers CPAs the ability to stand out from other financial ...
A child's IRA must be set up as and managed by a parent or other adult in a custodial account. Types of IRAs for Kids There are two types of IRAs, and either is suitable for children: With atraditional IRA, the money isn't taxed when it is paid in. Instead, the taxes are paid...