2020 has not been kind to mankind so far. The Corona virus has wreaked havoc in not only our personal lives but our financial lives as well. The markets around the world has seen drops not seen for years. What can you do to...
Roth IRA is a kind of Individual retirement account that gives you different benefits from traditional IRA. It also has different guideline in terms of withdrawing money. Regardless which investment you pick, start contributing as soon as you can to take advantage of compounding. Here...
The “Rule of 72” is an approximate way to estimate how long will it take to double your initial investment. It works closely with compound interest. (See compound interest here if you are curious). The rule states that if you divide 72 by the rate...
IRA stands for Individual Retirement Account. It is a financial vehicle designed to help people save for retirement which is generally 20 or 30 plus years away. It is available through most financial institutions and offers certain tax advantages by the IRS. You can go...
What do you want to achieve financially? Do you know? What does it mean to you to be financially independent? Maybe you have asked yourself this question or something similar. Perhaps you really haven’t thought about it very much, maybe you just want to have...