Category: Advanced Guide

The 8 Best Free Retirement Accounts to Use in 2018

Retirement accounts are an important piece of your long-term financial plan and a core vehicle that allows you to eventually leave your job and settle into your golden years. These tax-advantaged financial accounts are available at banks, investment brokerage firms and other licensed financial institutions. Most places that offer retirement accounts offer more than one option.

Self-Directed 401(k) Rules and Options

If you are a hands-on investor enrolled in a 401(k), 403(b), or 457 plan you may be interested in seeking additional alternatives to your retirement plan’s core investment lineup. But if you are like the vast majority of Americans, you are probably unaware of an offering potentially available in your employer's retirement plan––the self-directed brokerage account

What is a Credit Card Dump?

That black strip on the back of your credit card holds a lot of information about your credit card account. A credit card dump is stolen electronic copy of that information. Criminals use the credit card dump to create clones of your credit card and use them to make unauthorized credit card transactions. Or, they

How is a 401(k) Different From a Pension?

For better or worse, retirement savings accounts don't come "one-size-fits-all". One of the biggest trends in the retirement plan industry over the past few decades has been the shift from the traditional defined benefit pension plans to defined contribution plans like 401(k) plans. When it comes to the complicated process of creating a retirement savings plan,

How to Shop for Medicare Part C Coverage

It would be nice if Medicare Parts A and B, known as Original Medicare, were enough to cover your health insurance needs but it’s not. Original Medicare alone would leave you responsible for some pretty expensive copays if that’s all you had. For that reason, you need either Medicare Part C coverage or a Medigap

What Is a Supplement Executive Retirement Plan and How Do You Get One?

Companies know that attracting and retaining key executives is a difficult task. To solve this problem, a company might offer a Supplement Executive Retirement Plan or SERP as part of certain employees’ benefit packages. Every employee has value, but some employees are harder to replace than others. An entry level employee working in a company’s

What Must Know About the Social Security Debit Card

Paper checks and direct deposits aren’t always the most convenient way to receive your Social Security or Supplemental Security Income benefits. Paper check requires a trip to the bank and direct deposit requires you to have a bank account. The Social Security Direct Express card––a social security debit card––is an alternate way to receive your

Keeping Your Federal Employee Health Benefits (FEHB) in Retirement

Keeping your Federal Employee Health Benefits in retirement is possible, but you have to meet certain criteria in order to be eligible. What Are the Requirements to Keep Federal Employee Health Benefits in Retirement? You have to be enrolled in the Federal Employees Health Benefits at the time of your retirement and have active coverage.You

What do Investors Need to Know About Impaired Assets?

It is very common for public companies to generate growth through acquisitions. Often, it’s easier for a firm to purchase a business than to try a build one from the ground up. But not all acquisitions work out. Sometimes, companies realize over time that they overpaid, or that the acquired business unit isn’t generating the

What Is the Average Bank Account Balance?

Your bank is the place to keep cash that you plan to spend soon. It’s also an excellent choice for emergency savings, since the funds are easy to access when you need them. But it’s hard to know how much to keep in the bank. While comparisons sometimes promote unhealthy behavior, knowing what other people