In addition to the common 401(k) plan, employers may offer what’s known as an employee stock purchase plan, or ESPP for short. The plan allows employees additional benefits beyond the 401(k). If offered by your company, it’s almost always a good idea to participate. How Employee Stock Purchase Plans Work All ESPPs have a few …
Millennials have become notorious for NOT buying homes. In our opinion, it has more to do with broad economic conditions, and social preferences, rather than a lack of interest in buying a home. Millennials are simply delaying big life events such as purchasing a home, getting married, and having kids, longer than previous generations. Regardless, we …
Learn how understanding behavioral finance can help investors stop buying high and selling low.
The benefits of HSA’s are numerous. A prerequisite to opening an HSA account is you must be a part of a high deductible health insurance plan. A high deductible plan, in most cases, is going to offer the cheapest premiums for young, healthy individuals. Your deductible, as suggested in the name, is simply higher than …
Every day people make financial decisions that significantly affect their ability to build wealth over time and become financially secure. Unfortunately, these decisions aren’t always good ones, but they can be easily avoided if you are aware of why that is. First, you must understand how opportunity cost in a personal finance context applies. It …
5 Financial Mistakes to Avoid According to Opportunity Cost Read More »
One of the most common types of retirement account available in today’s workplace is a 401(k). With social security increasingly hard to rely on, and the lack of pension plans available through employers today, it’s more important than ever to maximize your benefits. It all starts with understanding the 401(k). This guide will provide an …
Compound interest was once stated by Albert Einstein to be “the eighth wonder of the world”. Going on to state “compound interest is the most powerful force in the universe”. What exactly is compound interest and why such high praise from one of the greatest intellectual minds our world has ever known? The full power …
Credit scores are the universal system that lenders use as part of their equation to evaluate the individuals they’re lending money to. Someone with a low credit score (630 or less) is viewed as a bad investment in the eyes of a lender. Or, for the heightened risk the lender takes with someone who has …
