Do 401(k) Plans Allow Bitcoin Investments?
In the United States, 401(k) plans are the single most popular type of retirement vehicle, and are offered by essentially every employer. There are certainly advantages to having a 401(k) plan. However, the Internal Revenue Agency (IRS) has stringent regulations...
Self Directed IRA and Real Estate: The Ultimate Guide for 2020/2021
Mark Twain once wrote, “Buy land, they aren’t making it anymore.” Though he wasn’t known for his sage financial wisdom, Mark might’ve been onto something. Real estate is a finite commodity, and housing is a basic, universal human need. The characteristics of scarcity...
Your Guide to the Best Cryptocurrency to Invest In In 2020 (COVID-19 Update)
As of August 2020, there are over 2,000 exchange-listed cryptocurrencies on the market. With so many altcoins to choose from, it’s easy to lose track of the most promising coins and ICOs. Luckily for you, we’ve put together a list of the best cryptocurrency to invest...
Chainlink Price Forecast: Is Chainlink the Cryptocurrency to Watch in 2020?
Chainlink (LINK) is one of the most talked-about cryptocurrencies of 2020. And for a good reason. LINK is the biggest crypto success story of the year so far, starting the year at approximately $1.75 and reaching an all-time high on August 15 at over $19 per token. ...
401(k) Plan Termination: What To Do if You Lose Your Job or If Your Employer Suspends Your 401(k) Match
An employer-matched 401(k) is an excellent retirement savings vehicle. As a tax-advantaged account, 401(k) plans let your money grow tax-free while also lowering your upfront income tax burden. Unlike a regular savings account, you won’t have to pay taxes on the...
Want to Pay Off Your Student Loans Faster? Follow These 5 Rules for Paying Off Student Loans
In 2020, U.S. student loan debt eclipsed $1.56 trillion. The median debt burden for the graduating Class of 2019 is nearly $30,000, up over 2% from the year prior. It seems that every year, American students are becoming more indebted and less economically advantaged...
Highly Asymmetric Investments: A Golden Opportunity in 2020, Or Too Risky?
Accurate financial predictions are difficult at best. This is because uncertainty and risk are inherent characteristics of free markets. Fortunately, you can sway uncertainty in your favor by finding highly asymmetric investments and trading opportunities. An...
Average Savings by Age: How Does Your 401(k) Compare to the National Average?
In most aspects of life, it’s probably not a good idea to compare yourself to others. Retirement saving is a different story. Knowing how your 401(k) stacks up against your peers’ can help with post-career planning and can help you set benchmarks on the road to...
Money Markets vs Certificates of Deposit (CDs): Differences Explained for Investors
A money market account (MMA) and a certificate of deposit (CD) are two financial products that generate interest income from cash savings. Both products can be thought of as fixed-income investments, like bonds, that provide predictable interest over a defined...
What Is Variable Annuity? Everything You Need to Know About Variable Annuities For Retirement Planning
A variable annuity is a type of public annuity and investment vehicle whose value is tethered to the performance of an underlying investment portfolio. Investors close to retirement age often use variable annuities to ensure financial security and supplement their...
