A 401k retirement savings plan is a type of workplace benefit that allows employees to contribute to their accounts. It provides them with a tax break on the money they save. The annual contribution limit for a standard 401k is $20,500 in 2022. For those over 50, the limit is $27,000. The term “401k” comes from a section of the… Read more →
Tag: Financial Literacy
Finance Tips for Young Professionals
Many young professionals face various financial challenges, such as managing debt and saving for the future. It can be overwhelming to think about what steps are needed to achieve financial stability. With the recent volatility in the stock market, now is a great opportunity to review your finances and develop a plan. Craft a Thoughtful Budget Before you can start… Read more →
Financial Tips for Buying a Car
Buying a car can be expensive, and those on a limited budget want to make sure that they get a vehicle for a reasonable price. There are several ways for one to save money when shopping for a car. Don’t Overlook Used Options: Some will go shopping for a vehicle, and they will be determined to buy something brand… Read more →
2022 Stock Market Summary
As we round the end of the first quarter of the new year, we are already seeing the warning play out from many Wall Street firms that the market’s rally is over. While the economy still looks good, returns will moderate. After the initial boom from countries returning to more normal levels of operation in light of the weakening effects… Read more →
Altcoins to Watch in 2022
This year has had a rocky start for cryptocurrency investors. In November, many major cryptos hit new all-time highs, then suddenly fell by around 50%. Although altcoins are expected to surge this year, it’s essential to keep in mind that they may not replicate the massive gains of 2021. Due to the current economic climate, many investors are shying away… Read more →
5 Stocks to Consider for Early 2021
January 2021 will be known as a historical month for the stock market when retail investors were able to make stocks like AMC and GameStop fly. However, new and veteran investors should be thinking more about some of the more long-term stocks they could pick up. Consider purchasing some of these stocks in early 2021. Disney Disney had a bit… Read more →
Bitcoin’s Widespread Adoption
Bitcoin is everywhere. At least it seems that way. Anyone who’s paid any attention to financial markets during the past year has probably felt bombarded by bitcoin. There’s been a constant flood of articles explaining what it, predicting how high (or how low) its price will go, or offering other commentary about its future. Of course, bitcoin’s been around for… Read more →
Be Wary of Free Financial Advice
Some of the biggest changes to the financial world in recent years have been the result of disruptions that make services free. One of the best examples of this is Robinhood. With a no-commission model for stock trades, Robinhood has made it more affordable than ever before to get started trading stocks. But in many contexts, free and finance simply… Read more →
How to Transition from Two Incomes to One
Many families enjoy the security of a two-income household. Many working parents admit that they would rather spend more time at home raising their kids. In the current economy, it is easy to see why. Having at least one parent at home is preferable in certain situations, although they will be losing one income. Transitioning from two incomes back to… Read more →
The Basics of Crypto-finance
f you’ve ever heard of Bitcoin or Blockchain, you have some of the basics of crypto-finance. If those words don’t mean anything to you, you must learn about them quickly, and they will lead you on the way to understanding and engaging in the unique world of crypto finance. Bitcoin Bitcoin is where it all started and is the basis… Read more →