Resources

As road construction ramps up, so can financial detours on your path to retirement. Learn how to avoid common roadblocks like taxes, inflation, and opportunity cost with smart planning and guidance from a financial advisor.

It’s a common goal for people to want to pay off their mortgage in an accelerated manner. This goal is usually based around two underlying rationales. First, people want to save money by reducing the amount they’re paying in interest. If you have a $200,000, 15-year mortgage with a 5% interest rate, you’ll pay more than $80,000 in interest payments. By paying off the mortgage as quickly as possible, there is a quantifiable financial benefit you’ll earn.

Are you a financial hoarder? That may sound like a strange question to ask. After all, it’s a good thing to be a diligent saver, right? While it’s good to be a saver, it’s also true that a healthy saving mentality can transform into more of a hoarding mentality if taken too far. Having this sort of mindset can weigh on you, both financially as well as emotionally. Here are three characteristics that financial hoarders tend to possess.

Learn how to gift money to your children for Roth IRA contributions without triggering gift taxes. Discover IRS rules, contribution limits, and smart strategies.