Personal Finance Order of Operations: 1) Create a budget to figure out expenses 2) Build a 1-month emergency fund 3) Maximize employer 401k matches to let free money compound 4) Pay off high-interest consumer debt 5) Save 3 to 6 months of expenses in an emergency fund The Financial Order of Operations: 6) Maximize Roth […]
Individual Retirement Accounts (IRA) provide tax advantages for retirement savings. You can contribute each year up to the maximum amount allowed by the Internal Revenue Service. There are several types of IRAs available: Rollovers A rollover is a tax-free distribution of cash or other assets from one retirement plan to another retirement plan. The distribution to […]