401(k) Plans: The Basics

by Ryan Graves on Dec 12, 2019

A 401k plan is an employer-sponsored, defined-contribution plan that provides savings and tax benefits to workers. Its name comes from its section in the U.S. Internal Revenue Code. Workers have money automatically deducted from their paycheck and deposited into the account on their behalf.
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A Financial Plan is More than a Budget

by Ryan Graves on Nov 18, 2019

What is a Financial Plan?

Many of us have heard of a financial plan before, but few of us have a clear definition of what it is or why it’s essential to have one. When many of us are asked to define what a financial plan is, few of us can describe it as much more than a budget.  Financial planning, when done correctly, offers so much more to consumers than a budget. Financial plans are created independently or with the help of a professional.  

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Protecting Your Creidt

by Ryan Graves on Nov 11, 2019

You can absolutely do credit monitoring on your own, but paying for a service could help you stay on top of it without having to put forth much effort.  Freezing your credit would be the best way to prevent shenanigans, and thanks to the FTC, it is now free to do so at all three credit agencies.  You may also be able to check with your credit card company to see if it offers any services or discounts to any monitoring services.  Unless you plan on using credit sometime soon, the freeze would be the best option.  To freeze your credit, you would need to contact the three agencies individuall

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How to Save Money, When Saving Seems Impossible

by Ryan Graves on Oct 30, 2017

Nearly every day, we’re told that saving is the key to financial success. But for many, living paycheck to paycheck isn’t just unavoidable but a reality faced every month. But there is hope, and there are many easy to use tools to help you make your financial goals a reality.

First things first, it’s time to track

The old saying, failing to plan is planning to fail when thinking about savings. Plans can and should change as unexpected expenses arise, however, the importance of planning is key to understanding your spending habits and saving potential.

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