Have more credit card debt than what you’re comfortable with? You may have considered all your options, including pulling from your 401K or Roth IRA. Since you contribute to it regularly, you should make it back in no time flat, right? While many people end up going through with this option, most of them quickly…
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I Left My Job. What Should I Do With My 401K?
If you’ve ever worked for a company, you’ve probably started planning for retirement under your employer. More professionally known as a 401K, these savings plans are a great way to prepare for your senior years. Many individuals stick with the same employer until they retire, but those who leave their job might wonder what to…
Questions To Ask Your Financial Advisor In 2023
Hiring a financial advisor to assist you with various aspects of your finances such as budgeting your income, planning out taxes, and investing in the future is a great way to help you find a clear goal and stick with it. But what exactly should you be discussing during your meetings? The experts at Maggi…
How to Make a Spending Freeze that Works
Are you wondering how to make a spending freeze that works? A spending freeze is aimed at teaching people how to spend responsibly. It involves people going long periods without spending money on unnecessary items. Have you lately been buying many things you don’t need? Are you worried about your spending and finance management skills?…
How Much Should I Have Saved in My 20s?
No matter how old you get, everyone knows one thing for sure; money will always play a significant part in your quality of life. Lack of money can become an unavoidable hurdle when considering an investment, further education, or any other milestone you wish. Saving a certain amount during important life stages can provide a…
Passive Income Ideas for Students and Young Adults
As a student, any passive income you make can help you pay off debts and meet other requirements. Luckily, there are many ways to make passive income even while studying. This kind of income generation has only recently become popular. The good news is that it is easy to generate income through it and learn…
Frequently Asked Questions About Social Security
First established in 1935, the Social Security program provides retirement funds to U.S. citizens, covering most Americans. According to the Social Security Administration Fact Sheet, almost 37% of senior men and 42% of senior women receive 50% of their income through social security. Therefore, every American needs to know and comprehend social security despite age….
4 Personal Finance Resolutions For 2023
Finance resolutions are goals that you and your family aim to achieve within the year. Since the new year is upon us, it is time to make your finance resolutions for 2023. These resolutions can include improving personal finance, such as your income, managing your expenses, reducing your debt, or saving and investing. The first…
How Much Should I Have Saved in My 30’s?
Only a few people have an appropriate amount of money in their 20s. The 20s involve reckless spending, risks, and low earnings. However, it’s in the 30s when you must buckle down and get serious about your retirement savings. Here, we will discuss how much money you should have saved in your 30s for emergencies…
New Tax Brackets for the 2023 Tax Year
Are you worried about paying your federal income taxes? The IRS has recently announced the new tax brackets for the 2023 tax year. These new brackets can show you how much federal tax money you owe against your taxable income in the coming year. You can also know the revised standard deductions to be observed…
