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Category: Investing

Investing is the one aspect of finance that people generally know the least about. In fact, there’s an entire industry based around managing investments so that you don’t have to. When is it a good time to think about getting a financial advisor and dipping your toes into investing? What are the risks? How do the markets work?

In the resources below, these questions are answered. We’ll go over more advanced topics as well, such as what types of investments, funds, and products are available, how to handle investments at tax time, and when to use investment money. Remember, above all, to make sure you understand the risks associated with investing, and to talk to a finance professional before getting involved with investments.

Developing a Cryptocurrency: How to Start Your Own Coin

A man holds two bitcoin tokens in front of a cryptocurrency mining farm.

If you’re interested in cryptocurrency and want to become more involved in the movement, you may have considered starting your own coin. Essentially, cryptocurrency is a decentralized digital currency that uses encryption to protect user privacy and keep track of transactions. While developing a cryptocurrency can come with challenges, there are a whole host of benefits […]

What Is a Flexible Spending Account?

A man checks his account on a computer.

Bandages and contact solution are inexpensive medical items you may add to your shopping cart without thinking twice. However, over time these small items add up fast. Ongoing medical expenses and treatments that aren’t covered under regular health insurance can also negatively affect your budget. Even if you’re expecting these expenses, they can still make […]

What Is Risk Tolerance in Investing?

A stock exchange board displays many figures as well as the words "what's your risk tolerance."

Risk tolerance is the amount of risk you’re willing to encounter when you start investing your money in the stock market or in other investment opportunities. It’s important to test and understand your tolerance for risk in the market so you can feel comfortable with the investment strategies and decisions you make. By understanding your personal tolerance […]

How to Report Crypto Earnings, Investments, and Transactions to the IRS

Bitcoins sit on top of a IRS report form.

Investing in cryptocurrency can yield significant returns, though it can also expose you to risk. If you earn profits when investing in cryptocurrencies such as Bitcoin, Etherium, or Ripple, you will need to report your earnings for tax purposes. The same is true if you accept cryptocurrency as a form of payment from an employer, client, […]

How to Turn Your Bitcoins Into Cash

A bitcoin sitting on top of fanned out cash.

Investors who purchase Bitcoin often wait for years before pulling the trigger and finally cashing out. However, given the volatility of the value of Bitcoin, it’s important to be ready to sell quickly when the time is right. Knowing how and when to turn your bitcoins into cash can help you to make the most of […]

What Is a 401(k) Hardship Withdrawal: Everything You Need to Know

A document labeled "early 401(k) withdrawal" sits on a desk with a notebook, pen, and other various papers.

A 401(k) is a retirement savings plan that allows you to contribute a portion of your income into an account that earns investment income. In some cases, your employer may choose to match your contribution. Most of the time you are not able to withdraw from your 401(k) retirement plan until you’ve retired. However, some plans […]