Plus: Sharing salaries among friends, and answers to the Roth vs. traditional IRA question
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Roth vs. Traditional IRAs: What’s the Difference?
If the complexity of the Roth vs. traditional IRA decision is preventing you from opening an account, just know this: There are no bad choices here. Each rewards you with tax breaks for saving for the future and offers easy access to the types of investments that will help your nest egg grow.
We’ve deconstructed the most important rules about each type to help you decide which type — or combination of both! — is best for you.
More re: IRA flavors for every situation: 6 Types of IRAs Every Woman Needs to Know About
Top 5 Money Trade-Offs (and How to Tame Them)
Dueling demands on your income are like a two-headed money monster, and there’s often no right answer as to the best place to put our precious limited funds. Pay off student loans or build an emergency fund? Credit card vs. home down payment? If you’re waffling on where your money should go, take a look at these five tame-able trade-offs for some inspiration.
Plus:
Girls Who Invest and How to Get More Women Managing Money Than Ever Before
The sea change of gender parity we've been promised isn't happening fast enough. But there are organizations working to elevate women in fields where gender diversity skews dramatically male. One of those industries is investment management. The nonprofit organization Girls Who Invest is on a mission to have 30% of the world’s investable capital managed by women by the year 2030.
Girls Who Invest CEO Janet Cowell joined Jean on this week’s HerMoney Podcast* to talk about how the organization helps girls get into the business through education and internship programs. (Head’s up ladies, young women at every school in America in all majors are eligible to apply!) They also discuss ways women who currently work in male-dominated fields can deal with gender-based challenges.
This week’s Mailbag is about old pensions, the best online savings accounts for business owners and how student loans impact your credit score. And in Thrive Jean has tips on finding a financial adviser who clicks with you.
Podcast Bonus!: We recorded a special love and money-themed episode as a Valentine’s Day gift to our beloved HerMoney listeners. Listen in as we tackle your questions about feelings, financial goals, dealing with debt for two and more on this bonus Love & Money episode of the HerMoney Podcast*.
HerMoney Water Cooler: Should You Disclose Your Salary to Your Friends?
A recent post in The New York Times had us buzzing in the HerMoney office, so we decided to ask our private HerMoney Facebook group, "Do you talk about salary with your friends?" Perhaps not surprisingly, the group was divided, and we loved the advice they gave when it comes to discussing company dollars with your friends.
More re: salary straight talk: The Compensation Conversation: Is It Healthy to Compare Salaries Among Friends?
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*This is a sponsored podcast, and it’s a part of a paid campaign with Fidelity Investments, which means we were compensated for this piece of educational content. Thanks!
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