When it comes to filing taxes or determining eligibility for certain financial benefits, two similar-sounding terms often cause confusion: Adjusted Gross Income (AGI) and Modified Adjusted Gross Income (MAGI). While both are measures of your income, they serve slightly different purposes and are calculated in...
When it comes to managing retirement savings, many people will at some point need to move money between accounts. This often happens when changing jobs, consolidating accounts, or switching financial institutions. Two common ways to move funds are rollovers and transfers, but they aren’t the...
Investing can be a powerful way to build wealth, but it’s also filled with specialized jargon. Understanding key investment terms is essential for making informed decisions and navigating the complexities of financial markets. Let’s break down some common terms you’re likely to encounter on your...
Target Date Funds (TDFs), also known as lifecycle or age-based funds, are a unique investment option designed specifically for retirement. They have become popular because they allow the investor to simply choose the fund that aligns with their expected retirement year, and the money will...
Which is best for you?Figuring out a retirement plan can seem like a daunting task if you’re self-employed or a small business owner, but it’s not as complicated as you might think. There are basically two ways to go that can work well in most...
3 Pitfalls to Avoid A common error in retirement planning is having a singular bias towards when you retire. That mindset can be dangerous when many financial products are marketed towards individuals seeking a simplistic, reductive approach to investing for the future.Target date funds are mutual fund...
Learn How Axias Wealth Advisors Uses Industry Data to Inform Investment DecisionsFinancial products are difficult to assess on your own. Mutual fund companies heavily advertise to market their funds to brokers and individuals for investment. But how can you know which funds have strong performance,...
When choosing to invest in mutual funds, one must ask a few key questions: do you want passive or active portfolio management? What is the difference? How will this affect returns in the future? Active Management: Actively managed funds seek to beat a given market index by...
One of the worst things that can stand in the way of your next home, car, refinancing, or other financial activity is having a bad credit score. Building your credit is one of the best ways to enable your financial opportunities for the future. Let’s breakdown...
Before you jump into investing for your short- and long-term goals, it can be helpful to have some foundational financial tasks accomplished. Once you have achieved these steps, you will be in a much stronger place to begin investing. Manage your debt. High-interest debt and...