As you may have heard, the MTA raised fares yet again on Sunday, increasing unlimited 30-Day MetroCard rates from $116.50 to $121, while leaving the base MetroCard rate at $2.75. With this increase, I started wondering whether it still made sense for me to get an unlimited 30-day MetroCard.
There are a number of reasons for wanting to buy a home over renting and most are valid. Some people want to buy because their current rental unit may have restrictions on owning a pet, while home ownership would, in most cases, not have this limitation. Others want to diversify their assets beyond the stock market. Still others may be pressured by friends and family – loved ones may claim you are simply throwing your money away if you rent, but with owning, you could be building equity every month.
Is this really true?
You might have read about how anyone could sneak $5,500 a year into a Roth IRA - even if exceeding standard income limitations - through a technique known as the backdoor Roth IRA. But did you know there is an even trickier technique out there that allows some lucky people to contribute up to $36,000 a year into a Roth IRA? Given the larger size and to differentiate it from the typical backdoor Roth IRA, some have started calling this technique the "mega backdoor Roth IRA.”
The financial advisor ecosystem can be surprisingly complex. Nearly anyone can call themselves a financial advisor, financial planner, or financial coach, with minimum qualifications required. As a result, it's important to be careful and thoughtful when selecting a professional to help you save, grow, and protect your savings. Here are five things to consider when shopping for a financial advisor.