Personal Finance

Managed Money

money hand

What exactly is “Managed” money? The term “managed” money commonly refers to investment accounts that are handled by a professional money manager where the money manager makes specific investments with the intention of achieving a specifically stated investment objective, investment performance, investment strategy, or maintaining a certain asset allocation or income stream. These accounts are …

How to Choose the Right Retirement Account? — Getting to know the Traditional & Roth IRAs, Employer Plans, and Annuities

Retirement Accounts

Since American Social Security payments are not very generous, a contribution to a private retirement plan that complements “social security “is essential. It is necessary to understand everything before getting involved in this field. Regulations are complex for each plan, but here are how the main plans work in general: 1. Employer Plan with a …