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Should You Get Life Insurance in 2024?

2024 faq

Should You Get Life Insurance in 2024?

Life insurance is a financial consideration that often gets deferred or completely ignored, but it often comes around eventually if you have loved ones who depend on you. While it’s not a one-size-fits-all decision, many people benefit from at least term life insurance to ensure their family is protected

What Is Term Life Insurance and How It Works

knowledge base

What Is Term Life Insurance and How It Works

Term life insurance is a straightforward, affordable way to ensure your family's financial security. Here’s a concise guide to understanding how it works and why it might be the right choice for you. Understanding Term Life Insurance Term life insurance provides coverage for a specific period, typically between 10

What Is a UGMA Account?

knowledge base

What Is a UGMA Account?

A UGMA (Uniform Gifts to Minors Act) account is a custodial account that allows adults to transfer assets to a minor without the need for a trust. This type of account is commonly used to gift stocks, bonds, mutual funds, and cash to children, providing a straightforward way to manage

Understanding 529 Rollovers to a Roth IRA: A Game Changer for Retirement Planning

family finance tips

Understanding 529 Rollovers to a Roth IRA: A Game Changer for Retirement Planning

The landscape of retirement planning is constantly evolving, and recent legislative changes have introduced a significant development for 529 plan holders. Starting this year (2024), under specific conditions, 529 account holders can transfer up to a lifetime limit of $35,000 to a Roth IRA for a beneficiary. This new

What Is a Money Order?

knowledge base

What Is a Money Order?

A money order is a secure and convenient way to send money, often used when cash or personal checks are not acceptable. Unlike a personal check, a money order is prepaid, ensuring that it won't bounce and guaranteeing payment to the recipient. Key Features of Money Orders 1. Prepaid and

Net Worth Investing: Facing the "Should I Sell?" Dilemma

simple investing tips

Net Worth Investing: Facing the "Should I Sell?" Dilemma

Whether you're a novice investor or have years of experience, you will inevitably face the challenging question, "Should I sell?" This is often the most stressful aspect of investing, as it rarely feels like you sold at the perfect time. The frustration intensifies if you realize that holding on for

Understanding RSU Vesting and Its Tax Implication

tax optimization tips

Understanding RSU Vesting and Its Tax Implication

For those working at companies that offer restricted stock units (RSU) as part of their compensation package, it will be a regularly occurrence for you to make the decision to sell your RSU or not when they vest. While this may seem like a trivial binary choice, it's important to

Wells Fargo Introduces the Attune World Elite Mastercard: $100 Bonus and 4% Cash Rewards in Select Categories

Offers

Wells Fargo Introduces the Attune World Elite Mastercard: $100 Bonus and 4% Cash Rewards in Select Categories

Wells Fargo has just launched an exciting new credit card – the Wells Fargo Attune World Elite Mastercard. Here’s an in-depth look at what it offers: Welcome Offer New cardholders can enjoy a $100 sign-up bonus after spending $500 within the first three months. Additionally, for a limited time, Wells

PayPal Reduces Unlimited Cash Back Rewards from 2% to 1.5%

News

PayPal Reduces Unlimited Cash Back Rewards from 2% to 1.5%

On May 30th, I woke up to an email from PayPal titled "Important update to your PayPal Cashback Mastercard". Normally you can tell if an email is good or not by the subject line. If it's good news, you will have some idea of what the email is about even

Yotta Savings Account Rewards Ending: What You Need to Know

Reviews

Yotta Savings Account Rewards Ending: What You Need to Know

Yotta just sent out an email to users last week informing that Yotta's savings account rewards are ending. If you are not familiar with Yotta, it is a fintech company founded in 2019 that combines traditional savings with the excitement of a lottery. Instead of offering standard interest rates, Yotta

What's in My Pocket? (Q2 2024)

My Pocket Updates

What's in My Pocket? (Q2 2024)

If you are curious about what credit cards I am using, I plan to share that information on a quarterly basis. I find that this is an effective way to show how I'm building my credit card portfolio and also gives some ideas on cards to consider if you find

Credit Card Rewards: A Non-Taxable Benefit

Finance Tips

Credit Card Rewards: A Non-Taxable Benefit

When tax season comes around and you start sifting through our different sources of income to report, you might be wondering if you need to report your cash back rewards as part of your ordinary income. If reading this article is the first time you have ever considered it as

Maximizing Returns: Can You Earn Cash Back on Tax Payments?

Finance Tips

Maximizing Returns: Can You Earn Cash Back on Tax Payments?

As you are continuing to grow your income, you might start hitting a point where your default withholding is not enough and end up owing the IRS when taxes are due. For those new to making tax payments, it's not as scary as it may seem! It just means you

Maximizing Savings: The Benefits of Using All-Category 2% Cash Back Credit Cards

Finance Tips

Maximizing Savings: The Benefits of Using All-Category 2% Cash Back Credit Cards

Selecting the right credit card can feel like navigating through a maze, given the plethora of options available. If you're keen on optimizing every dollar you spend, much like myself, you probably juggle several cards to maximize rewards across various categories. Yet, occasionally, you'll encounter a purchase that doesn't neatly

Robinhood Gold Card 2024: Is It Worth It?

Credit Card Reviews

Robinhood Gold Card 2024: Is It Worth It?

If you haven't heard yet, Robinhood just dropped one of the biggest announcements for their Robinhood Gold members– a whopping 3% cash back on everything for their Robinhood Gold Credit Card. The Robinhood Gold Credit Card is going to be the first credit card to ever offer 3% cash back

Certificates of Deposit Explained: What Every Investor Should Know

Finance Tips

Certificates of Deposit Explained: What Every Investor Should Know

Navigating the world of savings can be something like trying to pick the best pastry at a horribly over-stocked French bakery: they all look absolutely delicious, but kinda, you just don't know what you should take. Today, we carve into another classic choice: the Certificate of Deposit (CD), a financial

Debt Hacking: The Art of Managing Debt

Finance Tips

Debt Hacking: The Art of Managing Debt

In the US, it is very common to find yourself in a situation where you might take on a form of debt, such as a mortgage, a personal loan, or a credit card, to perform a desirable transaction now versus later. The intent is always to pay back in the

Can You Open a Family HSA If Your Spouse Has Non-HSA Insurance? Unveiling the Rules

Finance Tips

Can You Open a Family HSA If Your Spouse Has Non-HSA Insurance? Unveiling the Rules

If you are a big fan of Health Savings Accounts like me or just diving into the depths of HSA capabilities, you maybe wondering how you can get access to a family HSA and make double the contributions with it. This can be done by simply adding your spouse to

Maximize Your Citi Card Benefits: Discovering Your Citi Flex Loan Offer

Finance Tips

Maximize Your Citi Card Benefits: Discovering Your Citi Flex Loan Offer

If you are in the market for flex loans, Citibank is another participant in this financial product space. Similar to other flex loans, this is a targeted offer for credit card holders and may or may not be limited to select credit cards backed by Citibank. Flex loans in general

2023 and 2024 IRA Contribution Limits

Taxes

2023 and 2024 IRA Contribution Limits

You are putting in the work and taking care of your present self but it’s important to also put energy toward helping your future self too. One way you can do this is by starting to save for your retirement using one of the many tools available. The most

What Are Education Savings Accounts?

Finance Tips

What Are Education Savings Accounts?

Education Savings Accounts (ESAs), also recognized as Coverdell Education Savings Accounts, offer a versatile and tax-advantaged way to save for education. These accounts present a valuable tool for families planning their children’s educational future, especially for educational expenses from kindergarten through graduate school. The Appeal of ESAs: Benefits and

Capital One 360 Performance Savings - Up to $1,500 Bonus [Expired]

Expired Offers

Capital One 360 Performance Savings - Up to $1,500 Bonus [Expired]

😬This offer expired 1/9/24. We will notify subscribers when a new offer is available! - Updated 1/9/24🏅This is one of the best bonuses we have ever seen from a bank period. Capital One is throwing a huge promotion for new customers (anyone who has not

Best Credit Card for Utility Bills (2024)

Credit Card Reviews

Best Credit Card for Utility Bills (2024)

Utility bills are something we all have to deal with in life. It's a perpetual expense for as long as we use electricity, water, waste, and other common utilities. Because of this, it might make sense to look into the best ways to get cash back for these expenses. Most

Are 529 College Savings Plans Worth the Investment?

Finance Tips

Are 529 College Savings Plans Worth the Investment?

Saving for college has become an increasingly important goal for many families. The cost of higher education continues to rise, and parents are seeking ways to alleviate the financial burden on their children. One popular option is the 529 college savings plan. But are these plans truly worth the investment?

Cracking the Code: How to Get the Best Public Credit Card Offers Every Time

Finance Tips

Cracking the Code: How to Get the Best Public Credit Card Offers Every Time

Credit cards have become indispensable tools for managing finances, offering convenience, security, and the allure of rewards. However, with the multitude of credit cards available, each boasting enticing perks and benefits, the question arises: How can you consistently secure the best public credit card offers every time you apply? Public