Personal Finance | MoneyGuru

A Beginner’s Guide: How to Open an Account at Interactive Brokers and Begin Investing in the Stock Market

Are you ready to take the leap into the world of stock market investing? If so, look no further! Opening an account at Interactive Brokers is your ticket to unlocking a universe of opportunities. Whet...

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Navigating Today’s Mortgage Market: How to Choose the Right Loan in a High Rate Environment

Mortgage shopping can feel overwhelming, especially with interest rates over 6% currently. Making an informed decision about your loan type is critical to get the best rate and terms for your situatio...

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Beware the Concentration Risk in Your 401(k)

While stocks are up big this year, gains are concentrated in a handful of large tech companies. This amplifies risks in broad market funds like 401(k)s. Concentrated Gains in 2023 Over 80% of S&am...

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Sidestepping the Mutual Fund Tax Trap: Strategies to Avoid Surprise Taxes

Mutual funds can surprise investors with capital gains taxes - even on funds that lost money. Here's why it happens and how to reduce your exposure. Why Fund Investors May Owe Taxes on Losses Mutu...

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Navigating the New Student Loan SAVE Program

The Biden administration's broad student loan forgiveness plan was blocked, but the new Saving on a Valuable Education (SAVE) program is moving forward. SAVE is an income-driven repayment plan that co...

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The Benefits of Roth IRA Conversion Before Tax Rates Rise

With tax rates set to increase in 2026 when provisions of the 2017 Tax Cuts and Jobs Act expire, now may be a good time to consider converting your traditional 401(k) or IRA to a Roth. While you'll ne...

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Rising Rates Allow Cash Balance Plans to De-Risk

Cash balance plans are gaining popularity as a way for highly compensated individuals to sustain their desired income levels in retirement. But with interest rates on the rise, it may be time to reeva...

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When Your Spouse Has Secret Assets: How to Protect Yourself from Financial Infidelity

Financial infidelity is when one spouse hides or withholds financial information from the other. This can be anything from secret credit card debt to a hidden bank account. While financial infidelity ...

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5 Factors to Consider When Determining How Much Money You Need to Retire

Introduction Retirement is a major life transition that can be both exciting and daunting. On the one hand, it's a time to relax and enjoy the fruits of your labor. On the other hand, it's also a tim...

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How Much Do I Need for the Retirement of My Dreams?

Planning for retirement can seem daunting with so many unknowns. When will you retire? How much will you spend? How long will you live? While there are no definite answers, guidelines based on your ag...

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