Does Ethnicity Play a Part in How You View Retirement Accounts?

Vanguard recently released a very interesting study titled, “Diversity and Defined Contributions plans: Loans and hardship withdrawals” which looked at the loan rates according to ethnicity across 7 defined contributions plans.  The sample size was almost 250,000 and was made up of active participants.  I don’t remember my 401(k) asking me my race/ethnicity, but apparently

Considerations When Making the Leap to Self-Employment

Working for yourself may be your dream; it is certainly the dream of many who imagine not having a boss looking over their shoulder, being able to set their own schedule and spending all of their working time working for themselves and their own business.  If you are a writer or artist, being able to

How Long Should You Retain Your Financial Records and Receipts?

Businesses and individuals alike should be encouraged to keep good financial records. For businesses, it is a legal requirement to produce financial information when filing tax returns. This includes keeping records of income and outgoings, cash flow and profit. If businesses cannot produce accurate records, problems can arise when declaring tax. Individuals should also keep

Trying to Understand Long Term Care Insurance

At the heart of every insurance contract is a shifting of risk to someone more likely to handle it better in exchange for a set of premiums which the insurer hopes it can invest way better than you or I for various reasons.  While I am entirely too young to consider Long Term Care Insurance