Archive | personal finance

Should You Drop Your Traditional Bank for Amazon?

Amazon is expected to start offering a “checking-account-like product” for consumers who don’t already have bank accounts, the Wall Street Journal reported back in March. Other tech companies, like investing platform Stash and student loan refinancer SoFi, are also trying to get into the checking account game.Read more… Continue Reading at https://lifehacker.com

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Don’t Panic Because of Facebook’s Stock Drop

Facebook’s stock dropped 19 percent Thursday after the company told investors user growth had slowed in the wake of the Cambridge Analytica breach, one of many scandals currently plaguing the tech giant (it missed revenue estimates as well). That 19 percent drop is equal to a $119 billion decrease in market…Read more… Continue Reading at […]

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How to Tell if Your Company’s 401(k) Plan Is Any Good

You’ve started a new gig, and in the midst or training videos and introductions to new colleagues, HR has shoved paperwork for the company’s retirement plan in your hand. As great as your recruiter was, she just didn’t seem that familiar with the ins-and-outs of your plan’s investment options. So how do you know if…Read […]

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Should You Reroute Some of Your Retirement Savings to Pay for a House?

If you’ve just about saved enough for a down payment, how much do you need for all the extra expenses that come up in the home buying process? And is reducing your retirement contributions in the short term worth it? That’s what we’re thinking about this week. Read more… Continue Reading at https://lifehacker.com

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Why a Roth 401(k) Is (Almost) Always Better Than a Traditional 401(k) 

Everyone’s hot on Roth IRAs, but there’s one drawback: There are income limits starting at $189,000 for a couple and $120,000 for an individual, which means higher earners must go with a traditional IRA or a backdoor Roth. It turns out, though, that those limits don’t apply to Roth 401(k)s—meaning you can get all the…Read more… […]

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