There are multiple ways to save for your child or grandchild’s future and it’s always a great idea to start as soon as possible. Many parents choose to save by opening a savings account for them at their local bank or to simply put aside money when they can. Unfortunately with these types of savings, you’re limited to how much interest you can earn, if any.
According to the FBI, more than 114,000 people fell victim to phishing schemes in 2019, collectively losing around $57 million. With the holiday season quickly approaching, phishing schemes will inevitably increase. Phishing is a method of identity theft that provokes individuals into giving up personal information. These types of schemes typically come in the form of a text, email, or website. It’s important to understand what phishing is, what it looks like, how you can be prepared for it, and what to do if you fall victim to one of these tricks.
market. The two most popular IRA’s are the Traditional and Roth IRA. The Traditional IRA originated in 1974, but the Roth IRA didn’t come along until 1998. Below are the key differences between the two accounts as well as how they can help you plan for retirement.
There’s no question that in our American land of prosperity, many people will retire comfortably. But a much larger percentage of the population is in danger of working for 40 years and then retiring on the equivalent of minimum wage. The average 401(k) balance in America is around $230,000, and the average Social Security payment per person comes to about $18,000 a year.
If you do any investment searches online, you have probably noticed the “Two Top Robinhood Stocks to Buy in September,” or “Top 5 Penny Stocks on Robinhood to Watch for September”—or, well, you can find actual pages of listings of ‘top’ stock touts and tips from the popular trading app.
The financial media took a brief break from predicting everything that will happen in 2021 (don’t laugh; it’s their yearly habit) to bring us the engaging story of modern David versus Goliath. The focus was on how masses of small amateur investors managed to bid the share prices of three largely unprofitable companies—GameStop, AMC Entertainment Holdings, and Blackberry—up nearly 1,000 percent, collectively.