Why You May Need a Roth Account in Your Retirement Plan

May 25th, 2021 • Lisa W.
If you have a retirement account, either through your employer or on your own as an IRA, it is more likely that you have a traditional type (pre-tax) account rather than a Roth account. This is not surprising as Roth IRAs were only introduced in 1997 and many employers still do not offer a Roth … more »
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PMI Dragging You Down? Here’s How to Get Rid of it Early.

May 18th, 2021 • Lisa W.
If you recently purchased your home with less than a 20% down payment, it is fairly certain that part of your monthly payment includes private mortgage insurance (PMI). Private lenders (i.e. not FHA or VA) add PMI to your monthly payment to protect themselves against the risk that you will be unable to pay and … more »
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Budgeting Apps Make You Spend More

May 4th, 2021 • Lisa W.
“Knowledge is power”, so said Francis Bacon in the 16th century. But is that always a good thing? That brings us to budget apps for tracking spending… A recent academic study from the University of Arizona studied whether or not budget apps that track your spending actually help you to stay on budget. As it … more »
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What Exactly is a Target Date Fund?

Apr 20th, 2021 • Lisa W.
If you participate in a workplace retirement plan (401(k), 403(b) or similar), there is a very strong possibility that you are invested in a target date fund (TDF). In 2020, 50% of 401(k) accounts were held exclusively in target date funds, and 75% of accounts contained at least one TDF. But do you know exactly … more »
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