Growing Wealth
How to Choose a 401(k) Beneficiary: Rules & Options
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multicultural family

Choosing a 401(k) beneficiary ensures that any unused funds in your account are dispersed according to your wishes after you pass away. Whether you’re married, single, or in a domestic partnership, naming a beneficiary simplifies the estate process and makes it easier for your heirs to receive the money. There’s room on 401(k) beneficiary forms […]

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How to Transfer Your 401(k) When Changing to a New Job: 401(k) Rollover Guide
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It’s easy to forget about old 401(k) plans when changing to a new job. Some people simply forget about it because the company that manages it never reminds them. Others didn’t forget about their old account, but they’ve been putting off the rollover because it sounds hard. Many companies don’t make the process easy for […]

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Retained Earnings vs. Net Income
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finance bar chart mobile

Companies have several different types of earnings, each of which provide different information about their revenues and insight into their financial health. On a company’s balance sheet—which is a key piece of information in evaluating a company’s stock value—it will report details about its expenses and earnings, including retained earnings and net income. Net income […]

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Should You Invest With Friends?
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friends on smartphone

Investing with friends might seem like an intriguing concept. Instead of being the sole decision maker, you can share financial and knowledge-based resources to come up with a compelling investment strategy that serves your collective goals. Investing with friends may also be a way to make a substantial impact in a cause you believe in, […]

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Understanding Cash in Lieu of Fractional Shares
By admin | |
Woman on laptop

It’s not uncommon for publicly-traded companies to restructure based on changing market conditions or share prices. When companies merge, split their stock, or acquire competitors, it can raise the question of how to consolidate or restructure the company’s stock. If such a corporate action generates fractional shares, the company’s leadership has a few options for […]

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Understanding The Different Types of Cryptocurrency
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bitcoins on yellow background

Cryptocurrencies can act like real money—in a sense, they are real money—but they take a digital monetary form and are not managed or governed by any central authority. A true product of the digital age, cryptocurrencies operate without the involvement of banks, governments, or any middleman. In 2020, there were more than 50 million blockchain […]

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How to Calculate Expected Rate of Return
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The basic idea behind investing is finding ways for your money to earn you even more money. Getting your money to do work for you? Yes, please. But how do you figure out how much your investment is going to make you? The money that you earn on an investment is known as your return. […]

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What is Panic Selling & How Does it Work?
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woman covering eyes

Panic selling is when enough investors want to sell their holdings at the same time that it creates a profound drop in prices. That drop scares other investors into selling, which causes prices to fall still further, which frightens more investors, and so on. The resulting panic can erase vast amounts of wealth. It can […]

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How Tax on Mutual Funds Works
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For a long time, mutual funds have been a popular investment vehicle for millions of investors, largely because they offer an easy way to purchase no-fuss, diversified assets with relative ease. This out-of-the-box diversification and risk-mitigation is something that individual stocks can’t match. Though technology has made it easier than ever to buy securities like […]

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Digital Assets and Cryptocurrency
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cryptocurrencies

In the last ten years or so, a new asset class has swept the globe—digital assets and cryptocurrency. It began with Bitcoin in 2009 and has since expanded into thousands of different cryptocurrencies. Bitcoin, the first and largest cryptocurrency by market cap, is widely considered the gold standard of the asset class. Over time, other […]

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