When it comes to making a 401k early withdrawal, there are a number of reasons why it might be tempting. With millions still unemployed due to the pandemic, unexpected expenses are taking a particularly hard toll. One reason why early...
There are several types of IRAs that I’ll discuss below, including traditional IRAs, Roth IRAs, SIMPLE IRAs, SEP IRAs, and more, as well as how to open one, recommendations for which type works for you, and benefits of IRAs.Everything You...
Employers might think employees are looking for companies that offer a game room or on-site massage chair, but research shows employees actually don’t want superficial perks— they’d rather have core benefits and compensation packages. Financial incentives can be great, but...
Many workers find themselves moving from company to company as they look to fast-track their careers or find just the right kind of work for them. Changing jobs can be a great way to gain experience and professional insight, but...
It’s often difficult for us to clearly picture where we’ll find ourselves in five to ten years. Opportunities and experiences that we never even dreamed of can pop up a year from now – or even next week – and...
I’ve returned from vacation to an overflowing Ask Farnoosh mailbag. Thank you! It goes without saying that your questions are really, really smart. I couldn’t pick just one to answer so this week, so we’re featuring three very interesting queries....
In March I offered some financial advice to Michelle, a Mint user who was struggling with debt, a lack of retirement savings and a bit of family financial drama amongst her siblings. Michelle was anticipating a cash bonus from her...
As you file your taxes, you’re probably thinking about ways to reduce your taxable income. Did you know that there are a lot of strategies you can use with your retirement funds, like your IRA and 401(k), to reduce your...
“I’m expecting a $100,000 work commission. Should I save or pay off debt?” Sure, a tax refund is nice. But what about a six-figure cash infusion? Oh, the many, many ways we could advance our financial lives! For 37-year-old...
Even when you make six figures and save diligently, your finances can create some anxiety. Ken [name has been changed to assure privacy], a 36-year-old pilot based out of Pittsburgh earns $100,000 a year. The 36-year-old has various savings buckets...
When it comes to making a 401k early withdrawal, there are a number of reasons why it might be tempting. With millions still unemployed due to the pandemic, unexpected expenses are taking a particularly hard toll. One reason why early... 
