Information and Alerts
Transitioning to retirement takes planning and preparation. But if you’re wise, you can set yourself up for success. Whether you have a pension or a retirement fund that you’ve been contributing to during you career, you might need your first retirement payment the month after you receive you last paycheck. This means you’ll need to […]
Roth vs Traditional There are two types of IRAs: a traditional IRA and the Roth IRA. The main difference between them is when you pay taxes. A traditional IRA is tax deferred. This means that you can contribute money before it’s taxed, and you don’t owe taxes on those contributions or your earnings until you […]
Calculating compound interest is complicated. Luckily, there’s a simple shortcut that helps you estimate how a fixed interest rate will affect your savings: the Rule of 72. The Basics The Rule of 72 is a tool used to estimate how long it will take an investment to double at a given interest rate, assuming a […]
