A country’s credit downgrade happens when a credit rating agency, like Moody’s, Fitch, or Standard & Poor’s (the big three), decides that a country is less likely to pay back its debts, lowering its credit rating. Countries like the United States sometimes need to borrow money to fund projects like infrastructure, social services, or managing the national debt.
In this article, we explore why a Roth IRA is one of the greatest money making assets for working teens. When working teens invest early in a Roth IRA, they can contribute to a strategy that could accumulate millions later in retirement. Working teens can contribute to a Roth IRA when a parent or grandparent opens the account. A Roth IRA can be opened at any age if a child has income. For example, if your five-year-old child was a model for a local store and received a paycheck in their name, the amount received can be contributed to a Roth IRA.
When inflation increases, people often feel the sting of paying more for groceries, gas, and almost everything else. Many may feel inflation is terrible because their paychecks are shrinking, and they don’t like paying more for the same items. But inflation also has positive benefits that may occur over time, such as:
Debt can hinder financial confidence when you spend more than you make and borrow using credit. Other financial problems may occur, such as inadequate emergency or retirement savings.
Establishing financial wellness is a personal, ever-changing state of being that enables one to exercise choice while feeling in control of finances.
The individual determines financial wellness, which often includes working toward financial goals by completing specific actions. Some actions are time-sensitive, but others can occur anytime throughout the year. Here are ten actions that may help keep your finances on track as you pursue financial wellness:
Today, women control a third of household assets one major reason why wealth management is important. But by 2030, U.S. women are expected to control much of the assets that the baby boomer generation will pass to heirs; roughly 30 trillion in assets.