Investing & Retirement - MoneyTips

What Is APY, and How Is It Calculated?

Ashley Kilroy — Mon, 10 Jul 2023 18:41:09 +0000

If you want to unlock maximized investment returns on your bank account and other financial vehicles, understanding APY is vital. This powerful metric allows investors to compare opportunities and assess long-term growth potential. By calculating APY, you can make informed decisions about allocating your funds and watch your profits soar. Here’s a guide to the...

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2023 IRA Contribution Limits and Eligibility

Amanda Petersen — Fri, 14 Oct 2022 03:08:25 +0000

It’s never too early to start saving for retirement. Investing in an individual retirement account (IRA) is a great way to save for the future. However, there are limits to how much you can contribute to these accounts each year. Keep reading to learn more about how IRA contribution limits work. 2023 Roth IRA Contribution...

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Roth IRA vs. Traditional IRA: Making the Right Choice

MoneyTips Writer — Fri, 07 Oct 2022 15:54:55 +0000

Saving for retirement is one of the best things you can do to enjoy a comfortable lifestyle after you bid farewell to the 9-to-5 – and it’s never too early to start. You may know that some companies offer 401(k) plans to their employees to help them save for retirement, but there are other retirement...

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What Is Wealth Management?

MoneyTips Writer — Fri, 30 Sep 2022 20:42:38 +0000

Owning valuable assets is great. But it can be difficult to achieve meaningful growth over time without a broader financial strategy. To achieve a life well lived and leave behind a legacy well planned, consider using a wealth management firm. Wealth management firms can help you reach your full economic potential. Wealth management develops financial...

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What Is Portfolio Management?

MoneyTips Writer — Thu, 29 Sep 2022 13:09:22 +0000

An investment portfolio is a term that comes up quickly in any conversation about investing. The word “portfolio” comes from the Latin word “portafoglio,” which is a case for carrying loose papers. Before the internet, it was common for brokers to keep track of their clients’ investments in separate notebooks or binders (aka portfolios). These...

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401(k) vs. IRA: Which Retirement Account Is Best for You?

MoneyTips Writer — Thu, 15 Sep 2022 21:46:02 +0000

You know saving money for retirement is crucial. You know your quality of life during retirement will depend on your retirement savings. But do you know which retirement account will best suit your needs? Should you pick a 401(k) or an IRA (aka individual retirement account)? There is no right or wrong answer. Truth is,...

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7 Cryptocurrency Scams to Avoid in 2023

MoneyTips Writer — Thu, 15 Sep 2022 20:11:45 +0000

You’d have to be living under a rock not to notice cryptocurrency’s recent rise in popularity. Many curious and aspiring entrepreneurs have made fortunes in Bitcoin, Ethereum and other forms of digital currency – and many others have followed them, hoping to turn a quick profit. In turn, fraudsters have swooped in to take advantage...

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How to Research Stocks: A Beginner’s Guide

MoneyTips Writer — Thu, 15 Sep 2022 17:44:34 +0000

Stocks, or equities, are shares of ownership in a company. Investing in the stock market by purchasing these shares can be a great way to grow your money for the future. But how much money you make – or lose – largely depends on the stocks you pick. So how do you know which stocks...

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What Are I Bonds? How Do You Buy Them?

MoneyTips Writer — Tue, 13 Sep 2022 13:48:36 +0000

When the prices of goods and services go up, it can be hard to know where to invest your money. Even the interest rates on high-yield savings accounts don’t usually keep pace with inflation. Stocks and other investments can offer greater returns – but they are riskier. If you’re looking for a place to invest...

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How To Start Investing With Little Money

MoneyTips Writer — Wed, 07 Sep 2022 20:29:57 +0000

Movies like “Wolf of Wall Street” or shows like “Billions” make investing look enormously complicated, cutthroat and expensive. But it doesn’t have to be either of those three things. You can invest in your future for surprisingly little money, time or drama. And thanks to technology, you can invest in everything from individual stocks and...

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What Is a Bond ETF?

MoneyTips Writer — Thu, 25 Aug 2022 20:48:39 +0000

When it comes to investing, there are many different options to pursue, from stocks and bonds to commodities and mutual funds to real estate investment trusts and more. The options are endless – and often confusing. But any investment professional worth their fees will let you know the importance of diversifying your portfolio with a...

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7 Simple Investment Tips for Beginners

MoneyTips Writer — Wed, 24 Aug 2022 13:11:51 +0000

If you’re looking to start investing, you might be feeling overwhelmed. If so, you aren’t alone. From intimidating financial advisors using complicated jargon to seemingly conflicting advice, it’s a lot to unpack. But don’t worry. We’re here to help! Remember, everyone who has ever been great at anything was a beginner once – even Warren...

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