Author: Austin Kilham

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How long is the average car loan?

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  Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive …

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SIMPLE IRA contribution limits for employers & employees

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  A SIMPLE IRA, or Savings Incentive Match Plan for Employees, is a way for self-employed individuals and small business employers to set up a retirement …

Money

Am I on track for retirement?

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  If everyone got a dollar every time they wondered, “How much do I need to retire?” we’d all be a lot closer to retiring.   …

Home BuyingHome SellingHomesMoney

Understanding property valuations

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  If you’re applying for a mortgage, you probably expect the lender to take a look at your income, debt, credit history, employment and assets. There’s another …

Money

Traditional IRA income and contribution limits

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  A traditional IRA is a tax-advantaged investment account that helps individuals save for their retirement. The contributions a person makes are typically fully or partially …

Home BuyingHome SellingMoney

How to win a bidding war on your dream home

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  In housing markets teeming with buyer demand, it’s not uncommon to put an offer on a home, only to be outdone by a competing offer. …

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Should you take out a personal loan to pay off credit cards?

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People talk all day long about their workouts, favorite apps and their love lives, but bring up the subject of money, especially credit card debt, and …

Money

6 simple ways to reduce your mortgage payment

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  It’s often said that your mortgage payment should be no more than 28% of your gross monthly pay. A really conservative take is that your …

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The dos & don’ts of using social media for investing tips

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Social media has become an important new source for many people, including for investors looking for ideas to guide their strategy. That said, social media users …

Money

Savings goals by age: Smart financial targets by age group

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  Mapping out your financial future can be daunting, especially if you only have a vague sense of what you want to accomplish.   It can …

Money

How to read financial statements: The basics

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  A company’s financial statements are like a report card that tells investors how much money a company has made, what it spends on and how …

FeaturedLifestyle

Top 50 safest cities in the US

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For many homebuyers, safety is a top concern when shopping for a house. It can influence where you feel comfortable living, and safety ratings can have …

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Tips for buying a home in the winter

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Sunny days can mean that more people are primed to go out and look at houses. There’s the common adage that spring or summer is one …

FeaturedMoney

When to count your home equity as part of your net worth

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Your home may be your largest asset, but should you include it in your net worth calculations? In some situations, it’s a good idea, and in …

FeaturedMoney

How to calculate stock profit

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You’ve just sold some of your stocks and were lucky enough to make a profit. Now, like Scrooge McDuck rubbing his hands together with dollar signs …

Home BuyingTrending

8 steps to buying a vacation home

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If you’re like many Americans, you dream of having a beach house, a desert escape, or a mountain hideaway. Perhaps you’re tired of staying at hotels …

Money

History of the stock market

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The stock market can feel like a vast nebulous force that’s difficult to comprehend. Yet these markets had humble beginnings in Western Europe in the 1600s. …

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What is a stock market crash?

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A stock market crash is defined by double-digit declines that happen quickly across a broad stock market index or group of related indexes. As the coronavirus …

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Short-term vs. long-term investments

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Financial goals exist on a timeline that stretches into the future. Some goals, like buying a new car, might take place in the near future, perhaps …

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How do negative interest rates work?

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When you put money in the bank, the bank pays you interest. In exchange you allow them to lend out your cash to other bank customers. …

FeaturedMoney

Ways to build wealth at any age

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A down payment on your first home? A beach house where you can spend your golden years with your grandkids? Whatever your financial goals may be, …

Money

The difference between secured vs. unsecured debt

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Debts fall into two broad categories: secured debt and unsecured debt. Stop paying one and in addition to credit issues and loan collectors, you could also …

FeaturedMoney

22 money moves to make this month

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A month can make a huge difference to your personal finances. While there are some financial goals that will be long-term works in progress, there are a …

FeaturedMoney

Should I trust a robot to invest for me?

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We’ve all seen the movies where robots try to take over the world disguised as humans, use humans as living batteries, smooth-talk red lights, or try …

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Biotech investing 101

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Biotech can be an exciting sector full of companies using cutting-edge technology to create the medicines and foods of the future. Like the tech sector, it’s an …

FeaturedMoney

What is modern portfolio theory?

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No man is an island, and according to modern portfolio theory (MPT) — no investment is either. The theory provides a foundation for building a portfolio of multiple …

FeaturedMoney

Investing for beginners: Basic strategies to know

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As an investor, you are unique. And as you start building your portfolio, there are many strategies you can draw upon to help you achieve your …

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Investing in precious metals

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Precious metals have held a place in human culture for thousands of years as currency, decoration and industrial materials. Think of the treasures in King Tut’s …

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Building a well-balanced crypto portfolio

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Investing in a cryptocurrency can mean signing up for a wild ride, with prices up thousands of dollars one day and down again the next. Take …

FeaturedMoney

10 tips for investing long-term

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When it comes to big goals like college tuition and retirement, long-term investing is your friend. Yet, the market can be an uncertain place, and it …

FeaturedMoney

How to create an investment plan for your child

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You just had a baby. In addition to important short-term decisions like whether to use cloth or disposable diapers, this is a great time to plan …