Thinking ahead about how investing can support financial goals is the purpose of planning. Naturally, there’s lots of talk about common planning targets: retirement and college. But there’s also consideration of how to achieve multiple goals at various stages of life — whether covering basic needs or leaving a legacy — and how taxes and tax planning could impact results. Articles in the planning category allow you to clarify how today’s decisions can impact efforts to grow, manage, and maintain wealth.

The 401k Plan: The Basics to Know

A 401(k) plan is a qualified retirement plan sponsored by an employer for the benefit of its employees. An employer may offer this type of defined-contribution plan at the workplace to enable employees to save for retirement.

TradeKing Advisors Review

TradeKing Advisors offers professionally managed portfolios for investors as an alternative to self-directed investing. Investing in one of the firm’s Core Portfolios and/or Momentum Portfolios for a relatively small fee (less than 1% of assets under management).

Roth IRA Rules and How They May Benefit Investors

The Roth IRA has rules that benefit investors of all ages.

If you’re young and need extra cash, you may be able to extract Roth IRA contributions (tax- and penalty-free) to pay for a new house, car, or bicycle; if you’re retirement age, you may be able to withdraw money without paying taxes. Plus, there are beneficial rules for those who are between starting out and spending down assets.

3 Steps to Avoiding Fear in Personal Finance

Are you afraid of revealing your personal financial situation and being judged harshly by financial professionals, your parents, or other people in your social circle? If yes, then you are not alone.

According to a 2014 survey of 2,000+ U.S. adults commissioned by TradeKing Advisors, 57% of would-be investors say that the thought of speaking with a financial adviser in person (either in a face-to-face meeting or on the telephone) has stopped them from investing. Seventy-four percent of Millennials (ages 18-34) and 66% of Gen X (ages 35-44) have allowed fear to paralyze them.

Whether you are part of these generations or not, you don’t have to be afraid.