If you own dividend-paying stocks or mutual funds, you generally have a choice: Should you take the dividends as cash or reinvest them? There’s no one correct answer for everyone. So, let’s look at some reasons for both choices – reinvesting or cashing out....
Once you retire, you’ll likely need to draw on a variety of financial sources – and one of the most important ones may be your 401(k). And for 2025, you can put even more money into your plan than ever. For either a traditional or Roth 401(k), as well as similar plans...
If you’ve thought about contributing to a Roth IRA, but you made too much money during your working years, you can have a second chance – through a Roth conversion. Why is a Roth IRA desirable for some people? Here are the key benefits: Tax-free withdrawals. You put...
Are you changing jobs soon? If so, you’ll obviously be interested in your new salary but you’ll also want to look at other financial considerations. Here are some of the most important ones: 401(k): If you had a 401(k) plan through your previous employer, you’ll need...
It’s widely thought that home ownership is a key to building wealth – but is it? And should you consistently make sacrifices to buy your own home? Let’s start with the first question: Is owning a home essential to building wealth? It would probably be more accurate to...
Have you made New Year’s resolutions, such as exercising more or learning a new skill? These are good objectives, but why not add some financial resolutions? Here are a few to consider: Reduce your debts. It may be easier said than done, but if you can cut down on...
