High earners — who generally earn between $250,000 and $500,000 a year — are frequently labeled as HENRYs (High Earners, Not Rich Yet). Despite substantial incomes, many HENRYs struggle to accumulate meaningful wealth because their earnings are consumed by high…
Choosing the right savings account isn’t something most people think about until they realize their money could be working harder for them. Whether you’re putting away cash for a rainy day, building an emergency fund, or setting aside savings for…
As we coast through 2025 and looking toward 2026, many people are still looking for ways to build long-term wealth. While sudden windfalls are rare, 2025 offers real opportunities for those who are proactive, strategic, and informed. Getting rich isn’t…
Retirement is more than just the end of a career—it’s the beginning of a new chapter in life. How you prepare for it will shape your lifestyle, your ability to handle unexpected expenses, and your peace of mind for decades.…
A Solo 401(k), sometimes called an individual 401(k) or self-employed 401(k), is a retirement plan designed specifically for business owners who have no full-time employees other than themselves (and possibly a spouse). If you’re a freelancer, independent contractor, or single-member…
A Simplified Employee Pension (SEP) IRA is a retirement savings plan designed for self-employed individuals and small business owners. It offers a straightforward way to contribute to retirement savings with higher limits than traditional IRAs and minimal administrative requirements. What…
A SIMPLE IRA (Savings Incentive Match Plan for Employees Individual Retirement Account) is a retirement savings option designed specifically for small businesses and their employees. SIMPLE IRAs are straightforward to set up and administer, making them a popular alternative to…
A Self-Directed IRA (SDIRA) is a type of Individual Retirement Account that gives you greater flexibility and control over your investment choices compared to traditional IRAs. With a self-directed account, you can diversify your retirement savings into a broad range…
A Traditional IRA (Individual Retirement Account) is a popular tool for individuals looking to build retirement savings while taking advantage of tax benefits. For many Americans, a Traditional IRA is the first step in planning for long-term financial security and…
A Roth IRA (Individual Retirement Account) is a retirement savings vehicle that allows individuals to contribute after-tax income, with the potential for tax-free growth and withdrawals in retirement. Unlike traditional IRAs, Roth IRAs offer unique tax advantages that can be…
