A mutual fund is a big collection of different investments, and it can be a good way to diversify your holdings. But there are some drawbacks.
Technically, your net worth is what you would have in cash if you sold every significant possession and paid off all of your debts. But for the author, a net worth is mostly useful as a way to gauge many different kinds of personal finance progress all at once.
A Roth IRA is a valuable tool for retirement savings, Hamm writes, so it’s well worth spelling out what it is in the clearest terms possible.
A new paper aims to stitch together a retirement plan that combines the growth potential of a 401(k) with the security of a defined benefit pension plan.