Posts by mwaymire


A friend recently asked me whether she should open a Roth IRA or a Traditional IRA. In case these terms are unfamiliar to you, IRA stands for Individual Retirement Account—as opposed to a group or company-sponsored type such as a 401(k)—and comes in two main forms: Roth and Traditional. While the two types of retirement accounts have several minor differences, there’s one major difference between Roth IRAs and Traditional IRAs: tax...

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“I love the Roth IRA. Tax-free income in retirement is a truly great deal.” -Suze Orman You’re no stranger to the power of compounding interest—but you still might be surprised at the astounding impact it can have on young investors’ financial futures. That’s why we want to share an important piece of advice with you today: tell the young people in your life to open up a Roth IRA, if they haven’t already. Why a Roth IRA? While the...

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On Thursday September 7, Equifax, one of the three biggest credit reporting agencies in the United States, reported that it had been the victim of one of the largest data breaches in history. The company reports that hackers gained access to information on nearly 143 million consumers, including data such as birthdays, addresses, driver’s license numbers, and Social Security numbers—in short, everything needed to commit rampant...

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