Money Tips

Thumbnail - High cost of living (HCOL) vs. Low cost of living (LCOL) Pros and Cons

High cost of living (HCOL) vs. Low cost of living (LCOL): Pros and Cons

What’s the difference between high cost of living areas versus low cost of living? High cost of living areas (HCOL) are considered more expensive to live in than low cost of living (LCOL). Homes, gas, food, and other daily expenses are more expensive. Typically, salaries are higher in HCOL areas, but your purchasing power tends

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Thumbnail - How much money is 6 figures (Annual six figure salary)

How much money is 6 figures? (Annual six figure salary)

How much money is 6 figures? An annual six-figure salary ranges from $100,000 up to $999,999 per year, referring to the number of digits in the salary (e.g. $100,000 has 6 digits). Taxes and deductions will reduce gross income. However, a $100k earner earns about $48 an hour with a 2,080 hour work year. Imagine,

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Thumbnail - Retirement planning near me (Find the best Advisor)

Retirement planning near me (Find the best Advisor)

How do I find retirement planning near me? Find retirement planning near me by finding a fee-only adviser via the National Association of Personal Finance Advisors (NAPFA). Alternatively, search Google or ask friends and family for recommendations. Ensure you are working with a certified financial planner working to a fiduciary standard. Imagine, understanding who to

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Thumbnail - What is a custodial Roth IRA (Open retirement account for minors)

What is a custodial Roth IRA? (Open retirement account for minors)

What is a custodial Roth IRA? A custodial Roth IRA is an individual retirement account for minors, managed by the custodian until the minor reaches legal age. The contributions are post-tax and the contributions and earnings are considered tax-free. Contributions can be withdrawn at any time, but earning withdrawals must be qualified.  Imagine, setting up

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