Exchange-traded funds (known as ETFs) are growing in popularity, and there are thousands of ETFs available. As they're growing in popularity, many are asking, what is an ETF? ETFs are one of the most valuable products for everyday investors. They give you the ability to invest in a broad array of stock and bonds, while paying a fraction in fees. Some companies even offer … [Read more...] about What is an ETF – The Pros & Cons of ETFs
Retirement
What is an IRA & Why Everyone Should Have It
A shocking 21% of Americans have nothing saved for retirement, and even fewer have an IRA. We'll explain what is an IRA, and why everybody in the United States should have one. What is an IRA? An individual retirement account, or IRA, is an account that you can set up at a brokerage firm or financial institution. It can be set up in just a few minutes, and most brokerages … [Read more...] about What is an IRA & Why Everyone Should Have It
Why Mutual Fund Fees Are a Rip-Off
The average mutual fund fees had an expense ratio of 1.25% in 2017. ETFs, on the other hand, charge a .08% expense ratio. Therefore, the average mutual fund fees charge a 1,562% premium to Vanguard ETFs. These expenses really add up, which is why we strongly encourage you to avoid them. Here is a side by side comparison of mutual fund and ETF fees once you factor in their … [Read more...] about Why Mutual Fund Fees Are a Rip-Off
What’s the Average 401k Balance By Age?
Many wonder what the average 401k balance should be by age. Your retirement contribution is one of the most important things that you have to focus on, and number one in your hierarchy of savings. That doesn’t mean it will be an easy thing to do. You need to start contributing to your 401k early on, and if you don't you will have a tall hill to climb. The United States has a … [Read more...] about What’s the Average 401k Balance By Age?
The Two Greatest Wealth Destroyers
The two greatest wealth destroyers, hands down, are divorces and taxes. By reducing your tax obligations and chances of getting divorce, you will be able to accelerate your financial independence. Divorce is Incredibly Expensive Divorce is the largest wealth destroyer that can happen. The top expenses are litigation, child care, and work expenses. Due to these costs and … [Read more...] about The Two Greatest Wealth Destroyers