It’s not a surprise to hear stories these days about the middle-class shrinking. A big part of that trend has to do with the lack of sustained wage growth for decades. Families were essentially standing still financially while the tide of inflation continued to rise. The tide came in and many families are underwater. However, stagnant wages and inflation are not the full story…
Many people have heard about Roth IRA’s and wonder, what’s the difference and should I pay attention to them? The answer is yes, and we’ll explain why in layman’s terms. There are rules, tax benefits, and limits and we can break them down to get a sense of what might be beneficial for your individual situation.
Not everyone gets salary increases every year, but that doesn’t mean you can’t increase your total compensation. Most of the focus on compensation is on salary, but your employee benefits can account for as much as 30% of your total compensation. Remember when you started at your company and in your orientation, you had a meeting with HR to discuss…
Whether starting a new job or making selections in your employer’s annual benefits enrollment, you may have the opportunity to select a Health Savings Account. Health Savings Accounts (HSAs) are rapidly growing in popularity across the country for both employers and individuals and it’s important, particularly for young professionals, to understand what HSAs are and why you should consider them.…
Let’s face it, for many investing is a difficult topic. The financial services industry has done an excellent job creating lingo and products that seem overly complex. Part of it is to justify their services; ‘If this investing stuff is too complex, give me your money and I’ll handle it for you!’ Technology is changing that dynamic and people are…