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The 12 Largest Cannabis Companies in 2024

The 12 Largest Cannabis Companies in 2024

The cannabis industry is booming across the U.S. and Canada. Recreational and medical cannabis products, from oils, edibles, and prerolls to vapes, skincare products, and more, are now part of a multi-billion dollar industry, and investors are taking notice. According to Grandview Research, the global legal cannabis market is expected to grow at a compound […]

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After-Tax Contributions to Your 401(k): A Complete Guide

After-Tax Contributions to Your 401(k): A Complete Guide

The post After-Tax Contributions to Your 401(k): A Complete Guide appeared first on Millennial Money. In order to have enough money for retirement these days, many people have to develop highly sophisticated savings strategies, including 401(k) plans. That said, you can’t save unlimited money for retirement. But with the right strategy, you can harness after-tax

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Saving vs. Investing: 2 Ways to Reach Your Financial Goals

Saving vs. Investing: 2 Ways to Reach Your Financial Goals

When you’re mapping out a plan to reach your financial goals, you don’t have to choose just one path. It’s not about whether saving or investing is the better choice, but rather understanding the unique ways both saving and investing play crucial roles in working toward your financial aspirations. While saving often involves setting aside

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What Are Alternative Investments?

What Are Alternative Investments?

Putting money into the stock market isn’t the only way to invest. Alternative investments are asset classes other than stocks, bonds and cash. They tend to carry more risk, but they could also set the stage for stronger returns in the long run. Like any investment, these assets each have pros and cons. Understanding how

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The 7 Best Low-Risk Investments

The 7 Best Low-Risk Investments

Whether you’re nearing retirement or simply looking for ways to minimize your investment risk as much as possible, there are several types of securities that can help you accomplish your goal. Of course, low-risk investments typically come with lower returns, especially in the long run. So, as you decide which securities to include in your

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Pretax vs. After-Tax Investing: Which Is Better?

Pretax vs. After-Tax Investing: Which Is Better?

The way you invest can affect how much you owe in taxes. Some investment accounts offer tax breaks today, while others help reduce your tax liability in retirement. Each has its own pros and cons. Finding the right balance is an important part of managing your money, especially when you’re relying on your nest egg

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What Is a Prospectus?

What Is a Prospectus?

A prospectus is a document filed with the U.S. government that provides factual details about a business that issues certain investment securities. Before investing in a stock, bond or fund, investors should carefully review prospectuses to get a better idea of how the company or fund is managed and its long-term prospects. What Is a

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The 2024 Financial Checklist: A Guide to a Confident New Year

The 2024 Financial Checklist: A Guide to a Confident New Year

The start of a new year is the perfect time to take a comprehensive look at your finances, reviewing how things shook out over the last 12 months and setting yourself up to meet your financial goals as a new year dawns. Personal financial planning is more than just numbers; it’s about gaining control, preparing

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How Much Do I Need to Retire: A Guide for Retirement Saving [2024]

How Much Do I Need to Retire: A Guide for Retirement Saving [2024]

How much do you need for retirement? Experts say the average individual will need $1.2 to $1.5 million to maintain their lifestyle with 80% of their annual pre-retirement income. The average American retires with $200,000 to $250,000 between various retirement savings accounts—just a measly one million dollars shy of the recommended amount. This explains why

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Roth vs. Traditional IRA: Which Is Best for You in 2024?

Roth vs. Traditional IRA: Which Is Best for You in 2024?

What is the difference between Roth and traditional IRAs? The key distinction between Roth and traditional IRAs comes down to taxes. With a Roth IRA, you contribute after-tax dollars. With a traditional IRA, you contribute pretax dollars, which means your money is taxed when you make withdrawals in retirement. You’ve heard it before—it’s never too

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Can I Contribute to a 401(k) and an IRA?

Can I Contribute to a 401(k) and an IRA?

The post Can I Contribute to a 401(k) and an IRA? appeared first on Millennial Money. Saving for retirement is a crucial aspect of financial planning. One common question is, “Can I contribute to a 401(k) and an individual retirement account (IRA) at the same time?” The simple answer is yes, you can. Both types

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After-Tax Contributions to Your 401(k): A Complete Guide

How to Invest $250k for Steady Income in 2023

The post How to Invest $250k for Steady Income in 2023 appeared first on Millennial Money. You’ve got $250K saved, and you want to know how to invest it wisely. Reaching that figure is a huge accomplishment, so congrats. It took a lot of discipline and hard work to get this amount, and with continued

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What’s a Good Investment Strategy for 2024?

What’s a Good Investment Strategy for 2024?

This time last year, the state of the economy was filled with uncertainty. But with aggressive action from the Federal Reserve, the inflation rate continues to cool, sparking confidence going into 2024 from economists and investors alike. Depending on your investment strategy, you may not need to make any changes in the new year. However,

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What Is a Stock Buyback?

What Is a Stock Buyback?

A stock buyback is when a public company repurchases shares of its own stock from shareholders, usually on the open market, reducing the total number of outstanding shares.  Stocks are units of ownership of a company. By buying back shares owned by investors, companies are, essentially, re-purchasing themselves. A stock buyback is often called a

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Real Estate vs. Stocks: Which Is a Better Investment?

Real Estate vs. Stocks: Which Is a Better Investment?

Real estate and stocks are the most widely held assets among investors. Along those lines, the Federal Reserve Bank of St. Louis reports that 66% of American homes are owner-occupied and 81% of employees with access to a 401(k) retirement plan participate, per Vanguard data. Of course, there are numerous ways to invest in stocks

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