The word “budget” is usually associated with restrictions. Like “dieting” it’s associated with cutting back, or depriving yourself of something. But we think that’s the wrong way to think about…
Tag: Financial Checkup
If you’ve had a bank account or visited a bank in the United States you’ve probably seen the letters “FDIC” before. FDIC stands for the Federal Deposit Insurance Company, a…
The White House announced a plan to forgive some student loan debt along with other changes to federal student loan debt on Wednesday, August 24th. We’ve got answers to the…
Buy Now, Pay Later (or “BNPL”) has exploded in popularity recently. While each BNPL company’s offerings are different, the most common is a simple zero percent interest installment loan. When…
If you leave a job where you had a 401(k) you’re faced with a decision: what do you do with the 401(k) account at your old job? The money in…
A rollover IRA is an Individual Retirement Account that is funded by closing a 401(k) (or similar account) at a previous job and moving those funds to the new individual…
Vesting refers to the process of a financial benefit becoming yours over time. The most common example is a 401(k) match. (There are other types of compensation that might vest,…
A 401(k) is an employer sponsored, tax advantaged account for saving and investing for retirement. You contribute pre-tax dollars to it, invest that money, and then withdraw the money in…
“What is refinancing? I hear people talking about refinancing their home, their student loans, but what is refinancing and how does it work?” We frequently hear a version of this…
IRA’s, or Individual Retirement Accounts, are tax advantaged accounts for saving and long term investing for retirement. The two most common types are Roth and traditional. You can make contributions…