What Is a Roth IRA?
A Roth IRA (Individual Retirement Account) allows you to save up to a certain amount of money in a non-deductible, after-tax account. Contributions to the account are not tax-deductible, but funds grow tax-free. Any withdrawals made after age 59 ½ are tax-free. The annual contributions limit, set by the Federal government, is $6,000 for 2021…
Read MoreWhat to Do if You Are Facing Eviction During COVID-19
Housing is a basic need for everyone, providing shelter, safety, and security. Whether you are paying a mortgage or rent, housing expenses can be a major percentage of your household budget. When your income is reduced and you are faced with making decisions about how to meet your financial obligations, housing is a top priority.…
Read MoreWhat Should I Do If I Have Too Much Debt?
What should I do if I have too much debt? Paying it off is out of the picture. I am trying to save to move out of my parents’ home quickly due to an eviction. Please help! Submitted by an anonymous SaverLife member. I’m proud of you for reaching out to get help with your…
Read More3 Strategies to Stretch Your Food Dollars
As the COVID-19 pandemic continues, you may have to stretch a lower income to cover regular expenses. If your income has been reduced or you have had a lot of unexpected expenses, having enough money to feed yourself and your family may be a challenge. Food is a necessity to maintain a healthy life. But…
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