Investing

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Are Government Bonds Risk-Free?

Are Government Bonds Risk-Free?

Government bonds, also known as Treasury bonds or T-bonds, are issued and backed by the federal government. When you buy one, you’re effectively loaning money to the U.S. Department of the Treasury. You’ll then be repaid over time with interest, which is paid at a fixed rate every six months until the bond matures. Treasury

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The 5 Principles of Financial Literacy

The 5 Principles of Financial Literacy

Have you ever wondered how to make the most of your hard-earned cash? Have you ever felt overwhelmed by financial terms or uncertain about where to invest your money? Picture this: a life where you control your finances, making informed decisions that pave the way to your dreams. Imagine feeling confident as you navigate the

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How To Invest in the S&P 500: A Beginner’s Guide for 2023

How To Invest in the S&P 500: A Beginner’s Guide for 2023

Investing in the S&P 500 The S&P 500 is an index that tracks the 500 largest companies in the U.S. by market capitalization. You can’t directly invest in the index itself, but you can buy individual stocks of S&P 500 companies, or buy a S&P 500 index fund through a mutual fund or ETF. The

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How to Write a Will: 7-Step Guide

How to Write a Will: 7-Step Guide

Alana Benson writes for NerdWallet. Email: abenson@nerdwallet.com. Dalia Ramirez writes for NerdWallet. Email: dramirez@nerdwallet.com. Tiffany Lam-Balfour writes for NerdWallet. Email: tlambalfour@nerdwallet.com. Twitter: @@TiffLamBalfour. The article How to Write a Will: 7-Step Guide originally appeared on NerdWallet.

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CD vs. IRA: What’s the Difference?

CD vs. IRA: What’s the Difference?

Certificates of deposit (CDs) and individual retirement accounts (IRAs) are two types of accounts you can use for savings, each with its own set of benefits and potential drawbacks. A CD is a type of high-interest savings account, while an IRA is a tax-advantaged retirement account. Learn how these accounts work and when it makes

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How To Buy Stocks in 5 Steps: Quick-Start Guide for Beginners

How To Buy Stocks in 5 Steps: Quick-Start Guide for Beginners

If you think you need thousands of dollars and years of investment knowledge to start buying stocks, think again—learning how to buy stocks is actually pretty simple.  As complex as the stock market may be, even the most novice investors can start investing in stocks in a few simple steps. So, where do you begin

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What Is a Roth IRA? The Complete Guide

What Is a Roth IRA? The Complete Guide

What is a Roth IRA? A Roth IRA is a tax-advantaged individual retirement account where you invest after-tax dollars that will then grow tax-free. It shares some characteristics with a traditional IRA, such as the same annual investment limits, but a Roth IRA features some unique features and advantages.  There are many types of investment

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What Is Dividend Yield?

What Is Dividend Yield?

What is dividend yield?Dividend yield is the percentage of a company’s stock price that it pays to stockholders in dividends each year. Expressed as a percentage, the dividend yield is a financial ratio calculated by dividing dividends by stock price. This percentage can help you measure how much income you may earn in dividends for

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IRA Contribution Limits for 2023

IRA Contribution Limits for 2023

The IRS limits how much you can contribute to your Individual Retirement Account (IRA) each year. In general, investors under the age of 50 may contribute up to $6,500 to a Roth IRA or traditional IRA during the 2023 tax year. Investors 50 and older can make an annual catch-up contribution of $1,000, making their

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