Can I Contribute to Both a 401(k) and IRA?

When it comes to building retirement savings, it’s easy to feel confused about where you can save, and how much. One of the most frequent questions we encounter is, “Can I contribute to both a 401(k) and IRA?” The answer is yes. In fact, this is the most ideal situation for individuals as it allows you to take advantage of the various tax benefits of both retirement accounts. However, while you... Continue reading

Investing with Purpose: 5 Mission-Driven Trends to Watch in 2021

Anyone who even dabbles in investing has noted Tesla’s meteoric rise over the last year—a whopping 765% increase as of the time of this writing. The company’s stated mission? “Accelerating the world's transition to sustainable energy.” (Just ask Google.) But Tesla isn’t the only company making financial waves with a purpose-driven mission. As the world emerges from one of the most challenging... Continue reading

Investing with Quicken: How to Manage Your Investments and Grow Your Net Worth

Whether you’re a brand new investor or a seasoned veteran, there’s always something new to learn, especially when it comes to using Quicken to manage your investments. These investment tips and tricks, from beginner to expert, can help you track and plan your portfolio. Basic investing principles and tips 1. Start early The sooner you start investing, the more money you can make by the time you’... Continue reading
Quicken Make the Most of Your Investments

How to Make the Most of Your Investments—Even in Unexpected Economic Downturns

If you've been monitoring your investment portfolio lately, you’ve likely had some anxiety. With businesses and states shut down in varying degrees, unemployment in the double digits, and a stock market that swung from record highs in February to a 35% drop a month later, being an investor is as unpredictable as it’s ever been. This volatility and uncertainty can feel especially daunting if you’... Continue reading
Quicken Calculate ROI

How to Calculate Return on Investment

The return on investment (ROI) formula can help you understand how much you earn on an investment relative to its cost.  You can use the ROI investment formula to calculate ROIs on various types of investments, including stocks and bonds, and it can be helpful when you’re comparing two investments. You can also use it when reviewing your portfolio to understand which investments are performing... Continue reading
Quicken Vesting

What Is Vesting and How Does It Work in a Retirement Plan?

Many companies offer an employer-sponsored retirement plan, such as a 401(k) or 403(b), and match a portion of their employees’ contributions. The company match is often referred to as free money, and it’s a great perk. But if you’re starting a new job, you’ll want to review the plan’s vesting schedule—the rate at which the company’s contributions become yours to keep.  Here’s everything you need... Continue reading
Quicken 2019 Checklist

2019 Year End Financial Checklist: 19 Tasks to Tackle

The end of the year can mean different things for different people. It may be a time of reflection and relaxation. Or, perhaps a scramble as you travel across the country to visit friends and family. In either case, setting aside time to focus on your finances is a good idea, and a financial planning checklist can guide the way.  Here’s an admittedly ambitious list. Pick and choose what makes... Continue reading
Quicken Portfolio Tracking

What to Look for in Investment Tracking Software

Prudent investors keep an eye on their money and ensure they’re sticking to their plan for the future. Whether you primarily manage your own investments or work with a professional money manager, the right investment tracking software can make this an easy task.  But there are dozens of options to choose from, each with its benefits and drawbacks. Here are a few of the features you should look... Continue reading
Quicken Compound. Simple. Interest

Simple vs. Compound Interest: Here's What You Need to Know

When you stash your money in savings at a bank or credit union, the financial institution pays you interest—free money you receive every month. But you also see interest rates when you’re looking to borrow. That new credit card, your mortgage, a student loan — all of them come with an interest rate that lets you know how much you’ll pay your lender. When you’re on the receiving end of interest,... Continue reading
Quicken Rollover IRA.

Rollover IRA: Rules, FAQs & How-To’s

When you have money in a 401(k) or other type of retirement account, you may need to move it if you leave your job (or for other reasons). In this situation, you may consider transferring the money to a type of account known as a rollover IRA. What is a rollover IRA? A rollover IRA is an individual retirement account that can receive funds from a 401(k) or other type of retirement account.... Continue reading