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6 Burning Questions About Retiring and Investing, Answered
This week, we’re looking at reader questions about investing and retirement, including 529s, Roth IRAs and more.
1. When should retirement investments be low-risk?
2. Is passive investing bad?
3. 529 or Roth IRA?
4. How to invest for a down payment
5. Books to read about investing
6. Are collectibles an investment?
Q1: When should retirement investments be low-risk?
When do you think a person should start being safer with their retirement investments?
– Adam
How Would Biden’s Federal Credit Bureau Work?
In the United States, you need a good credit score to buy a home, get a credit card, qualify for good insurance, and in some cases, to get a job or rent an apartment. However, since credit scores were first introduced in 1989, many studies have argued they’ve widened the wealth gap in the United States, particularly the racial wealth gap.
Consider These 3 Things Before Getting a Home Equity Loan
Home equity loans are often promoted by banks and other financial institutions as a great solution to your short-term financial problems. It seems so simple — you use the value of your home to quickly get money that you can use for whatever it is you’re wanting to do with it. Travel? Paying off other debts? Home improvements? You name it, a home equity loan is pitched as the solution. This is particularly true at the current moment when home equity loan interest rates are at record lows, but before you fill your coffers with a home equity loan, consider the drawbacks and questions you need to ask yourself.
A home equity loan is not devoid of risk
Home equity loans are often presented as creating minimal risk for the person taking out the loan. You simply sign on the dotted line, get a big pile of cash to do whatever it is you’re intending to do, and then you pay it off with a series of relatively small payments over the coming years.
The Supreme Court’s Birth Control Decision Will Cost Women $584 a Year
In July 2020, the U.S. Supreme Court ruled 7-2 in favor of the Trump administration’s exemptions to the birth control insurance mandate in the Affordable Care Act. Specifically, the ruling means employer health insurance plans are no longer required to cover contraception or birth control if the employer has moral or religious objections.
In addition to targeting women’s health issues, the Department of Health and Human Services estimates the ruling could result in up to 126,000 women immediately losing contraceptive coverage, at an average annual cost of $584.
However, if your employer decides your insurance will no longer cover birth control, there are still steps you can take to find affordable contraception.
8 Money Mistakes to Avoid in Your 20s
There’s a lot to figure out in your 20s as you transition to independence — but we’d argue that money management is one of your top priorities. The education system doesn’t always do a great job preparing young adults to understand fiscal responsibility (and frankly, without the right teacher, finance can be pretty dull.)
As the COVID-19 pandemic tanks the economy into a recession, it’s more important than ever to be financially aware at an early age. Don’t stress too much — your 20s are all about slip-ups and going back to the drawing board. But in this economy, let’s avoid these eight money mistakes if we can.
How to Avoid an Eviction If You Can’t Pay Rent
Even though President Trump’s recent executive order promised an extended eviction moratorium and $400 a week in unemployment benefits, it…did not actually do either of those things.
“The most important message right now that people need to understand is the executive order is not an eviction moratorium [emphasis added],” says Deborah Thrope, Deputy Director of the National Housing Law Project (NHLP). “It does not place any limits on landlords, public housing authorities or courts to not evict tenants. It provides absolutely no protection to renters.”
Biden’s Economic Plan, Explained
In recent weeks, Biden has unveiled a series of proposals to restart the stalled U.S. economy, which has seen a sharp downturn due mainly to the COVID-19 pandemic. More than 30 million people in the United States were collecting unemployment benefits as of the first week of July. The economy added nearly five million jobs in June, but that progress may be short-lived due to the recent surge in COVID-19 cases across the country.
Tesla Auto Insurance
Tesla Insurance states it can provide 20% less expensive premiums to insure your all-electric vehicle. Tesla shook up the automobile market with its all-electric vehicle line, expanding over the years to include high-performance options like the stylish Model S that goes from 0 to 60 miles per hour in a mere 3.7 seconds and has an estimated 402-mile range.
Ultimately, Tesla upped the ante on what electric vehicles can achieve. Therefore, it isn’t surprising how popular they’ve become among customers. If you’re considering buying a Tesla, one factor you’ll want to think of is insuring it.
Our two cents: Tesla not only manufacturers a sleek line of all-electric vehicles, but also insures them — but only if you’re Elon Musk’s neighbor.
Why Does My Credit Score Impact My Car Insurance Cost?
Several factors determine the cost of your auto insurance, including your driving record, credit score, claims history, age, location, years of driving experience, gender and coverage types. While many of these factors are beyond our control, some of them we can influence. Your credit score is one of these.
Chubb Home Insurance Review
Chubb entered the insurance market in 1882 and today operates in more than 50 countries. This provider sells insurance through independent agents, employing over 30,000 people, and operates executive offices in the world’s financial centers, including, London, New York, Paris and Zurich.
Find the Best Home Insurance
Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.
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