Blooom is a virtual retirement advisor. They have created an algorithm to optimize almost any 401a, 401k, 403b, or 457 account. Their analysis is 100% free!
Yes, 401(k)s are awesome. Roth IRAs are amazing. But what about the personal taxable brokerage account? Is there a place for a regular, boring personal brokerage account in today’s investing world? In my opinion, yes. No doubt. For a large number of people, using a personal brokerage account is a necessity if you want to […]
Chances are you aren’t saving enough for retirement. It’s nothing personal. In fact, I am not saving enough for retirement. I have over $200,000 in student loans and on my medical resident salary, every spare dollar goes to repay my loans. If you want to see how much you should be saving, use this retirement […]
By now, you’ve probably already heard that the student debt crisis in America is off the charts. In 2019, the total student loan debt balance topped $1.5 trillion, almost 50 percent higher than the national credit card debt. Of that amount, millennials ages 25 to 34 account for over $497 billion, and 15 million borrowers, with […]
Benjamin Franklin famously said, “Failing to plan is planning to fail.” And it wouldn’t surprise us if he were talking about money and how to budget. There seems to be a familiar feeling that if you make enough money, all of your money problems will be solved. But that’s not the case. Look at the […]
Wondering what is net worth? You aren’t alone. We get asked all the time what the term net worth means and why it even matters. The concept is more simple than it sounds and is easy to calculate. Using our net worth calculator is super simple. To begin with, net worth is strictly a financial […]
When it comes to money and personal finance, chances are that you feel inadequately prepared to handle everything. And it’s not your fault. Schools don’t teach the financial skills we all need to navigate ‘real life’. So unless your parents are experts, chances are you weren’t taught nearly enough personal finance skills. To be 100% […]
What is a 401k? It’s simply an easy way for you to save for retirement. The best part? It comes with awesome tax advantages and potentially even a company match. Learn everything you need to know now.
Thinking about retirement can be painful and scary because you’re probably not sure if you’ll have enough saved. But since you are here you are probably looking for an answer to: what is an IRA. And the good news is that the more you learn about personal finance, the more you’ll realize it’s not as […]