What Is the Lifespan of an Electric Car Battery?

What Is the Lifespan of an Electric Car Battery?

The battery is the most crucial and expensive part of an electric vehicle. Generally, electric vehicles are mechanically simpler than their fuel equivalents. This is because there are far fewer parts in an electric vehicle and there is only one gearbox. In total,...
Navigating Your Required Minimum Distribution

Navigating Your Required Minimum Distribution

Understand the IRS’s calculations and tables. As much as you would like to, you can’t keep your money in your retirement account forever. These investment vehicles include 401(k)s, IRAs, and similar retirement accounts.1 Under the SECURE Act, once you reach age 72,...
Is Your Professional Financial Advisor Worth It?

Is Your Professional Financial Advisor Worth It?

Financial advisory can an ambiguous industry, therefore you may not receive the same value from your professional financial advisor as your neighbor. The difference can sometimes be staggering. In addition, the industry has gone through tremendous changes over the...
Investing During Periods of Inflation

Investing During Periods of Inflation

What to Consider The Covid-19 pandemic has led to a radical shift in the way the Fed handles inflation and the economy in general. For instance, in August 2020, the Federal Reserve announced that it was willing to let the inflation rate go higher than normal to offer...
Managing Money as a Couple

Managing Money as a Couple

What are the keys to prepare to grow wealthy together? When you marry or simply share a household with someone, your financial life changes—and your approach to managing your money may change as well. The good news is that it is usually not so difficult. At some...
2021 Limits for IRAs, 401(k)s and More

2021 Limits for IRAs, 401(k)s and More

Numbers to know for the new year. On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note. 401(k)s. The salary deferral...