Savings

401k retirement plan

What Is a 401(k)?

A new job offer may include a 401(k) retirement plan as part of your benefits package. Perhaps everyone you know has a 401k. Do you actually know what it is, or even how to use it? What Is a 401(k) Retirement Plan? A 401(k) is a retirement savings plan offered by your employer. It is Read more

Roth IRA vs. Traditional IRA

What Is a Roth IRA?

One of the more popular retirement accounts is an individual retirement account, or IRA. IRAs come in two main forms: a traditional and a Roth IRA, and both generally function the same way. The main difference between them is how they are taxed.   How a Roth IRA Works A Roth IRA is a financial Read more

What Is an Asset?

The Truth About Wealth: It’s All About Assets

The slogan of our Intelegency website is REGULAR PEOPLE BUILDING WEALTH. So, what is wealth? Is a person driving a Ferrari on a highway wealthy? Is a Youtuber with a big stack of cash on their table a wealthy one? Well, they both may be and may not. It depends on how they are getting Read more

Avoid Bank Fees

16 Common Bank Fees and Ways to Avoid Them

One of the primary ways that banks make money is through fees. The income earned through bank fees is used to pay the bank’s operating expenses and to make their profits. Every product and service a bank offers has a cost attached, even the fee-free accounts. These expenses can be triggered once, repeated at regular Read more

Buying a Car

Should I Buy a Car? Factors to Consider

You may be wondering, “Should I buy a car?”. Did you know that, outside of buying a home, this will be the most expensive acquisition you’ll ever make? When purchasing a car, you’ll make important decisions that will impact your immediate and long-term finances. That’s why it’s best to consider several important factors before settling Read more

What Is a Traditional IRA?

If you’re looking for a way to supplement your retirement income, why not consider an individual retirement account (IRA). There are a couple of different types of IRAs: traditional, Roth, SIMPLE, and SEP. A traditional IRA is an account which grants the owner tax advantages when saving for retirement. You may open an IRA at Read more

How to Save Money

Three Simple Money-Saving Tips to Follow

Saving money is one of the necessary steps to building wealth and gaining financial independence. There are three simple money-saving tips you need to follow down the path of financial success. Tip 1: Realize that You Have Control There are so many things begging for your financial attention. What you purchase is determined by your Read more