Personal Finance

Should I Use My 2022 Roth IRA Contribution to Buy Shares of Amazon?  |  Smart Change: Personal Finance

Should I Use My 2022 Roth IRA Contribution to Buy Shares of Amazon? | Smart Change: Personal Finance

(Charlene Rhinehart, CPA) Shares of amazon (NASDAQ:AMZN) plunged after the company released its first-quarter earnings report last month. Recently, the company’s stock dropped to a 52-week low and lost nearly all the gains accumulated during the pandemic. While some investors may be worried about the future of Amazon’s stock, there are others standing on the …

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Are You Prepared for This $94,900 Annual Expense in Retirement?  |  Personal Finance

Are You Prepared for This $94,900 Annual Expense in Retirement? | personal-finance

(christy bieber) When you save money for retirement, chances are good that you’ll be thinking about how to cover the costs of housing, healthcare, food, travel, and other necessities and indulgences. Unfortunately, there’s a huge expense you could be faced with that you might easily forget — especially if you’re young and healthy. The problem …

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Truist snaps up Gen Z-focused personal finance app Long Game

Truist snaps up Gen Z-focused personal finance app Long Game

US financial services firm Truist has acquired mobile savings app Long Game for an undisclosed sum. Long Game uses gamification to encourage saving Long Game is aimed at millennial and Gen Z users and leverages behavioral economics, prize-linked savings and casual gaming to motivate healthy financial behaviors and promote better financial education. Truist intends to …

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3 Reasons Not to Worry About a Stock Market Crash |  personal-finance

3 Reasons Not to Worry About a Stock Market Crash | personal-finance

(James Brunley) the S&P 500 (SNPINDEX: ^GSPC) is currently down 17% from its early January high. And from peak to trough, the index has actually fallen more than 20%, technically qualifying the pullback as a full-blown bear market. That’s a lot of loss for stocks to absorb in less than five months. Perhaps worse, depending …

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This Rookie Mistake Could Cost You Thousands |  Smart Change: Personal Finance

This Rookie Mistake Could Cost You Thousands | Smart Change: Personal Finance

(Stefon Walters) Stock market corrections — defined by declines between 10% and 20% in major indexes — are unavoidable in the stock market. In fact, they tend to happen at least once every two years on average. If you’re an investor, you’ll save yourself some stress by coming to terms with that fact. The one …

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Are You Prepared for This $94,900 Annual Expense in Retirement?  |  personal-finance

Are You Prepared for This $94,900 Annual Expense in Retirement? | personal-finance

(christy bieber) When you save money for retirement, chances are good that you’ll be thinking about how to cover the costs of housing, healthcare, food, travel, and other necessities and indulgences. Unfortunately, there’s a huge expense you could be faced with that you might easily forget — especially if you’re young and healthy. The problem …

Are You Prepared for This $94,900 Annual Expense in Retirement? | personal-finance Read More »

4 Kinds of Social Security Benefits Older Americans May Be Eligible for |  Smart Change: Personal Finance

4 Kinds of Social Security Benefits Older Americans May Be Eligible for | Smart Change: Personal Finance

(christy bieber) Social Security retirement benefits have kept millions of seniors out of poverty, and many workers look forward to the day they’ll begin receiving checks every month from the Social Security Administration. But while retirement benefits are very well-known and much-anticipated, they are not the only kind of payments older Americans could be eligible …

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4 Reasons to Avoid Dividend-Paying Stocks |  Smart Change: Personal Finance

4 Reasons to Avoid Dividend-Paying Stocks | Smart Change: Personal Finance

(Catherine Brock) Dividend stocks pay you to own them. But is there a catch? Sort of. Stocks that pay dividends have their downsides, or traits that may run contrary to your financial goals. Read on to learn about four of these traits and how to evaluate whether dividend payers fit within your investment strategy. 1. …

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Which Institution Offers a Higher Interest Rate?

Which Institution Offers a Higher Interest Rate?

Ally and Alliant are online institutions with competitive rates on savings accounts and CDs. Alliant offers a more appealing checking account, but Ally narrowly beats Alliant on savings. For CDs, it’s dead even between the two — Ally has more CD variety, but Alliant has higher CD rates. Read Insider’s reviews of Alliant and Ally. …

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