Are you among the many who are under-investing? While cash provides security, it’s not ideal for high returns. With inflation eroding the value of cash over time, it’s essential to strike a balance between security and growth. In this guide, we’ll explore four key signs that you’re financially fit enough to take the leap into investing.

The Roth IRA began in 1998 as a way to encourage middle-class Americans to save for retirement without reducing revenue (i.e.taxes) to the federal government in the short term. Although Roth IRAs have income limits aimed at excluding higher-income people, major loopholes still allow just about anyone to stash cash now that they can withdraw tax-free in retirement. One of those loopholes is known as the “backdoor” Roth IRA contribution. Here are four signs that a backdoor Roth might be for you.

At The Financial Gym, we are often asked by current and future parents how to best save for their child’s future and education. A common vehicle for this is the 529 account, but you may have also heard of an UTMA. Let’s dive into both.

First things first: there are 51 separate 529 plans—one for each state plus the District of Columbia. 529s are also known as Qualified Tuition Programs (QTP). Each 529 has slightly different features or rules as it relates to their respective states, but their purpose is the same.

There are a few critical choices we make about our retirement accounts including how much to contribute and what to invest in. Due to the rise in popularity of Roth 401ks, you might have one other important decision: should you contribute pre-tax money to your traditional 401k, post-tax money to your Roth 401(k), or have a mix of both?

Spoiler alert: everyone’s situation is different and there may not be a clear best choice. To decide, you’ll need to make some educated guesses about your answers to the following questions.

It’s been a big week for Bitcoin and not just because the cryptocurrency reached record highs. The first Bitcoin futures ETF debuted on the New York Stock Exchange on Tuesday. It’s officially called the ProShares Bitcoin Strategy ETF with a ticker symbol of BITO.

It seems to be baby season. We’ve already had a FinGym baby this year and there is another on the way!

We often get questions from new or soon-to-be parents who want to know the best way to save for their children’s futures, so we wanted to break down a couple of the most common ways to save for college or other needs.

This post is part 4 in a series on responsible investing coming out this month. In this series, we’ll break down the basics and help you learn about socially and environmentally responsible investments and how you can take part no matter your level or how much you have to invest. For the purpose of this series. I’ll be using the term responsible investing as a catch-all to include all of the strategies under this general umbrella such as SRI, ESG, and impact investing.

There is a maxim in investing that we at For What It’s Worth (FWIW) have come to embrace: “All investing has an impact —the question is whether it is positive or negative.” Over the last decade, there has been a growing recognition that investment capital could be a powerful tool to help shape the world we want — to address opportunities and challenges across society and across our natural world. This is evident in the explosion of ESG investing — investing that includes a focus on companies and funds that prioritize Environmental, Social, and Governance factors. And the best news for investors? A body of data is emerging from across the market demonstrating that ESG investments can outperform when it comes to returns.

In this article, learn about how to make your money work for you while doing good for the world by joining Public.com. Public is the community for investors to build their portfolios with any amount of money and share insights with each other. The American stock market is one of the biggest generators of wealth, often averaging annual returns of 10%. That’s better than bonds and high-yield savings accounts. And yet, according to a 2021 Gallup poll, almost half of the country does not own stocks.

It’s Retirement Month at The Financial Gym, and we’re kicking off the month with a retirement guide for beginners. Since it’s a big topic, we’re breaking it down into several parts, and this is part one, where we’ll talk about how to figure out how much you have to save in the first place. A lot of the articles we see out there about retirement are, well, just not helpful. Some throw out huge numbers that sound impossible to reach without telling you how to get there.

Every year, millions of people change jobs and leave their 401(k)s behind with their former employers. This happens for many reasons. Switching jobs is a busy, stressful time for most of us, so it’s often easier to just do nothing and leave your old account where it is. Even if you want to transfer your 401(k) to a new retirement account - technically called a rollover - it can be a tedious process.

While it is important to have money in the stock market, as that is where you can really grow your net worth, it is really important to have that money working correctly for you. As you have learned in some of our other blog posts about investing, there are many different ways you can invest your money in the stock market, from stocks to bonds to real estate to commodities to cryptocurrency.