MyRA – My Retirement Account Basics

President Obama recently announced a new retirement account called the MyRA, which stands for My Retirement Account. The MyRA is described by the Obama Administration as a, “simple, safe, and affordable starter retirement savings account.” The MyRA is primarily aimed at individuals who don’t have an employer sponsored retirement account such as a 401k, 403b, […]

Roth IRA – Why I Love It, and Why You Need One

You’ve probably heard about a Roth IRA before; it’s one of those terms that gets bandied about on TV or the radio with great frequency. And with good reason – a Roth IRA is a retirement account which is one of the best ways to prepare for retirement. I’ll give you an introduction on Roth IRAs – […]

5 Options for an Old 401(k) Retirement Plan

When you say goodbye to an old employer don’t forget about the retirement account that you’ve been funding. I’ll tell you who owns the money in your workplace retirement plan—like a 401(k), 403(b), or 457—and give you 5 options for dealing with the account after you leave the job. The Thrift Savings Plan is very […]

Finding a Financial Advisor

This is part four in a series of articles for beginner investors. The first three parts covered why you should invest, types of investments, and the importance of diversification. This article covers finding and hiring a financial advisor. When it comes to money management, it can feel as if there are two camps: the top […]

Why You Should Diversify Your Investments

This is part three in a series of articles for beginner investors. The first two parts covered why you should invest, and types of investments. This article covers the importance of diversification in your investments. My high school Biology class taught me that the health of a particular eco-system could be measured by the bio-diversity […]