Money Explained

The retirement savings gap in America is real and large. The median retirement savings for Americans approaching retirement age is around $87,000 — a fraction … Read more

Dollar cost averaging (DCA) is one of those investment concepts that sounds complicated until you realise most people with a 401k are already doing it. … Read more

Most people glance at the bottom-line number on their pay stub — the direct deposit amount — and ignore the rest. That’s a mistake. Your … Read more

If your emergency fund or short-term savings are sitting in a traditional bank savings account earning 0.01 percent interest, you’re leaving hundreds of dollars per … Read more

Financial freedom — the point at which work becomes optional rather than necessary — has a specific, calculable price tag for every individual. Most people … Read more

Net worth — total assets minus total liabilities — is the single most informative number in personal finance. It captures the complete financial picture more … Read more

Dollar cost averaging (DCA) is the practice of investing a fixed amount of money at regular intervals — every month, every paycheck — regardless of … Read more

A 529 plan is a tax-advantaged savings account designed specifically for education expenses. It grows tax-free and withdrawals for qualified expenses are completely tax-free — … Read more

The best way to invest $1,000 depends on one thing above all others: what comes before it in the financial priority order. A $1,000 investment … Read more

The word fiduciary appears regularly in financial planning contexts and is one of the most practically important distinctions available for people seeking financial advice. A … Read more