Roth IRA Explained
Looking for a tax-friendly way to save for retirement? A Roth IRA is the answer! Unlike traditional IRAs, you contribute money after paying taxes, which grows and can be withdrawn free from future income tax. Plus, if your account has been open for over five years, withdrawals are penalty-free once you reach 59 1/2 - making this an attractive option when planning financially.
The importance of an emergency fund and a rainy day fund.
Emergency funds are an essential component of any financial plan and yet they're often overlooked. If you find yourself living paycheck to paycheck without a way to cover unexpected expenses, it's time to re-think your money situation and prioritize building up that emergency fund!