Fact Check Finance: Mitt Romney has $102 million in a Roth IRA?

roth ira

I recently saw a post on Instagram shared by a personal finance coach berating anyone not taking advantage of a Roth 401(k). He used Mitt Romney’s $102 million individual retirement account (IRA) as the basis for the statement. Unfortunately, he was misinformed. That’s not a Roth 401(k) First, Mitt Romney has an IRA, not a … Read more

The Fed Dropped Rates Again – Is the Third Time the Charm?

fed rate drop

Is the third time a charm for interest rates? The Federal Reserve has cut rates again this year, so your savings account may not make as much money for a while. Considering that most traditional savings account rates are abysmally low, you might not even notice. Here’s how it affected me already. Interest rates fluctuate … Read more

How to Spot an Investment Scam

investment scam

Have you ever had someone say they could make you rich if you handed over a few thousand dollars for them to invest? If you haven’t, and someone you know may have been a victim. Unfortunately, investment scams are all too common. What is an investment scam? An investment scam, or investment fraud, is when … Read more

How to Pay for Medical Care Without Going Broke

pay for medical care

If you’ve ever spent the night at a hospital, you have learned that our health care system is costly. There are separate charges for doctors and services that quickly add up to astronomical values. If you haven’t had to deal with the financial pains of illness, here is how you pay for medical care without … Read more

3 More Things I Learned From My Failed Business – Part Two

failed business

I previously mentioned three things I learned from my failed business. Here are three more things I learned that are equally, if not more, important. Don’t Quit Your Day Job For a lot of us, entrepreneurship is the road to financial freedom. We want to quit our day jobs and have some flexibility in our … Read more