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Planning for Your Retirement

Success

Developing a strategy for retirement planning is deeply personal. There are so many options for retirement accounts because they’re designed to be suitable for people with different needs and lifestyles. The post Planning for Your Retirement appeared first on SUCCESS. Check out their video podcast Cashing Out on YouTube.

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How to Choose the Best College Savings Account

Success

529 plans are the traditional way to save for a child’s education , and they offer a nice amount of flexibility and growth potential, but they aren’t the only option. 529 plans consist of two types: Prepaid Tuition Plan: A prepaid tuition plan allows users to purchase credits to a specific instate college or university.

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7 Apps to Teach Kids About Money

Success

A 2017 study found that disparities in financial literacy may account for as much as 40 percent of the wealth gap between those retiring with more and those retiring with less. Meanwhile, only 21 states required a personal finance course for high school students in 2020, according to the Council for Economic Education.

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What Are I Bonds and Should I Buy Them?

Success

When you purchase an I bond, the fixed rate will remain your interest rate until you cash it in. Purchasing and cashing in There are two ways to purchase I bonds. You can purchase electronic I bonds online through a TreasuryDirect account. You can also purchase a paper version of an I bond. They’re low risk.

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What Is a Brokerage Account and Do You Need One?

Success

Simply put, brokerage accounts are a way to purchase stocks, bonds, or other investment vehicles like exchange-traded funds and access them in one place. Brokerage accounts are a great addition to a diverse portfolio along with your retirement accounts and emergency fund, but they should not be used in place of these other accounts.

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Investing Basics You Need to Understand

Success

You may know the best way to reach financial security is to invest rather than save, but you need clarification about how to do it outside your company retirement plan. You are purposefully setting aside funds for long-term goals like retirement , your child’s college education or a down payment on a house.

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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

Success

I’m no stranger to setting lofty money goals : At 9 years old I became cognizant of the idea of college—a seemingly far-off milestone that my parents described as “important” and “expensive”—and decided I needed to proactively save money for my college education. I would love to get to a number that we can collaboratively agree on.”.