The one thing no one tells you about investing in a Roth IRA

When it’s several decades away, you might categorize saving for retirement as a back-burner concern. And when you’re younger, contributing to an individual retirement account might seem like an impossible stretch. Yet people who made the leap generally say they’re sorry they didn’t start earlier. Millennials seem particularly drawn to Roth IRAs, which are showing […]

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Baby boomers, heavily invested in stocks, are putting retirement savings at risk: study

Americans are more financially prepared for retirement than they were just a few years ago, recent research found. One of the reasons for that good news might be bad. Many people approaching retirement age today are heavily invested in stocks, potentially leaving their savings vulnerable to the next recession. “If there was a market downturn, […]

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Women are more likely to leave money decisions to their spouses. Here's why that's a problem

But regardless of those systemic financial problems, women are not doing this one thing to improve their financial picture: taking an active role in big financial decisions. That’s according to a recent study from UBS Global Wealth Management, which found that 58 percent of women leave those crucial choices up to their male partners. Younger […]

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Large fund firms' support for combating climate change is all talk, proxy voting shows

Jackie Cook, a specialist in corporate environmental, social and governance (ESG) disclosure analysis and founder of FundVotes, which was acquired last year by Morningstar, said the “engagement first, voting later” rationale doesn’t add up, because there is no reason why these companies can’t do both. And the engagements suffer from a lack of transparency. “There […]

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