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501 Search Results

Should You Use Your Roth IRA to Buy Your First Home?

Should You Use Your Roth IRA to Buy Your First Home?

https://www.sofi.com/learn/content/mortgage-roth-ira-buy-first-home/

…include qualified higher education expenses, some medical costs, and other hardships. Be sure to consult with your tax professional to clarify any of these exceptions before you move forward. It’s…


Changing Careers After Law School (and Why You May Have To)

Changing Careers After Law School (and Why You May Have To)

https://www.sofi.com/learn/content/changing-careers-after-law-school/

…is to start building an emergency fund. If you think your salary will take a hit should you leave the law, that fund could help tide you over until you…


5 Reasons People Don't Invest Their Money

5 Reasons People Don’t Invest Their Money

https://www.sofi.com/learn/content/reasons-people-don%27t-invest/

…Later When They Have a Higher Salary Let’s say you’re 25 years old and you hope to retire when you’re 65. (That may seem like forever, but ask any 65-year-old—it…


Understanding Individual Retirement Accounts (IRAs): A Beginner's Guide

What Is an IRA?

https://www.sofi.com/learn/content/what-is-an-ira/

…some exemptions to this rule, however — such as using a set amount of IRA funds to buy a first house or pay a medical insurance premium after an individual…


How to Open an IRA in 5 Steps

How to Open an IRA in 5 Steps

https://www.sofi.com/learn/content/how-to-open-an-ira/

…of thumb: By the time you’re 30, it’s typically good to have the equivalent of one year’s salary saved. Rolling Over a 401(k) into an IRA If you’re leaving a…


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