“Money in Relationships”

545 Search Results

545 Search Results

Common Financial Mistakes First-Time Parents Make

7 New Parent Financial Tips

https://www.sofi.com/learn/content/new-parent-financial-mistakes/

…items. 💡 Quick Tip: Help your money earn more money! Opening a bank account online often gets you higher-than-average rates. 2. Don’t Live Without a Safety Net As a parent,…


Can a Roth IRA Be Used for College Expenses?

Can a Roth IRA Be Used for College Expenses?

https://www.sofi.com/learn/content/can-a-roth-ira-be-used-for-college/

…the money. Because of the exception for qualified higher education expenses, you can take out the money to pay for those expenses without having to pay the 10% penalty. •  …


What Is a Roth IRA and How Does It Work?

What Is a Roth IRA and How Does It Work?

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

…any time. That’s because you’ve already paid tax on that money before initially depositing or investing it. Withdrawing investment earnings on your money, however, is a different story. Those gains…


Borrowing From Your 401(k): Pros and Cons

Borrowing From Your 401(k): Pros and Cons

https://www.sofi.com/learn/content/borrowing-from-your-401k/

A 401(k) loan allows you to borrow money from your retirement savings and pay it back to yourself over time, with interest. While this type of loan can provide quick…


Guide to Rolling Over a Pension Into an IRA

Guide to Rolling Over a Pension Into an IRA

https://www.sofi.com/learn/content/rolling-over-pension-into-ira/

If you have a defined-benefit pension plan, you could opt for a lump-sum distribution when you retire or roll the money over to an individual retirement account (IRA). Rolling pension…


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