Managing your finances can be a daunting task, especially when you have multiple accounts and expenses to keep track of. Fortunately, budgeting apps like SoFi Insights and Mint can help simplify the process. In this blog post, we will delve into the features and benefits of each app, highlighting their similarities as well as differences
A fixed annuity is a type of retirement product purchased through an insurance company. The insurer determines the interest rate by which your account grows every contract year. The rate is fixed, meaning it doesn't fluctuate with market conditions. During what is known as the accumulation phase, you make a lump-sum payment or a series
It is important for businesses to plan their pensions carefully, as the retirement program they choose can have a significant impact on both employees and employers. According to statistics, 68% of workers consider a company's saving plan when deciding whether or not to accept a job offer, and they may leave if they feel that
Throughout history, the concept of wealth preservation and the transfer of assets to future generations has been a core concern for affluent individuals and families. In ancient civilizations such as Egypt, Greece, and Rome, elaborate estate planning measures were undertaken to ensure the seamless transition of wealth and property to heirs. As society progressed and
According to Gallup, 89% of American households with more than $100,000 in income own stocks. And it's no mystery why! Investing is a great way to expand your horizons when it comes to the level of wealth you can accrue. Now, if you're ready to explore investing but don't know how, here are 13 simple
The numbers about how much Americans have saved for retirement are disheartening. Seventy percent of Americans worry they won't have enough money until retirement, and just over a fifth have nothing put away. Nonetheless, it makes sense to reduce living expenses once you stop working, regardless of how much you've managed to save. When you
If you’re not aware, a 401(k) plan is a retirement savings plan that can be offered by employers in the U.S. to their employees. It enables employees to gain tax advantages so that they can save more for their retirement funds. Employees pay a percentage of each of their paychecks towards a 401(k) plan and
Starting a new job is an exciting time, especially if it is your first paying job. Going to work everyday and receiving a salary at the end of the month is the easy part, the hard part is finding ways to work with your money that allows you to meet all your expenses and still
What is the Acorns app? Acorns is a popular investment app that allows users to invest spare change from their everyday purchases into a diversified portfolio of exchange-traded funds (ETFs). Launched in 2014, Acorns has grown to over 9 million users and has become one of the most popular investment apps for beginner investors. Learn
Are you stuck in a financial rut and can't see a way to add to your savings pot or start setting aside funds for the future? Do you want 2023 to be your best financial year to date but you’re not sure how to get started? You’re in the right place! Our five golden rules
Although planning for retirement and beyond is absolutely vital, there are some staggering statistics surrounding how few people are actually doing so in the US. As far as wills are concerned, about 60% of Americans are currently without one, and this can lead to serious implications for grieving loved ones. Passing on without a will
Are you deciding between investing in exchange-traded funds (ETFs) or mutual funds and not sure which is the better option? This article will investigate the differences between these two similar but unique investment fund options. What is an Exchange Traded Fund? Exchange-traded funds (ETF) are baskets of holdings- such as stocks, bonds, or any other
If you're looking for an asset finance solution, you've come to the right place. This blog post will discuss everything you need to know about asset financing. We'll cover topics such as what asset finance is, how it works, and the benefits of using this type of financing. So whether you're a business owner looking
Buying ETFs on SoFi: A Guide Exchange-traded funds (ETFs) may be unfamiliar to you if you're just starting out in the investing world. This is a common way for investors to acquire a large number of equities all at once. Exchange-Traded Funds (ETFs) are a type of investment vehicle that combines and distributes ownership of
A Guide to SoFI Invest Automated Accounts If you're a young or inexperienced trader looking to dip your toes in the water, SoFi Invest is the best micro-trading platform for you. The online-only platform is feature-rich enough to appeal to experienced traders but not so much that newcomers will be overwhelmed. New users should be
A Guide to SoFi Active Investing In its early stages, Sofi Invest served largely as a mobile app-based “micro brokerage” for novice traders. SoFi's automated system uses a set of sophisticated algorithms to invest your money on your behalf, or you can choose to actively manage your account. This article takes a closer look at
How to Invest in IPOs on SoFi Invest SoFi Invest is an online financial services firm that provides its customers with access to a wide range of investment opportunities, such as common stocks, cryptocurrency, fractional shares, and initial public offerings (IPOs). Even though a beginner investor may not know much about initial public offerings (IPOs)
SoFi Invest: Active vs Automated Investing Nowadays, everything runs on technology, and mobile devices are indispensable. People frequently use their smartphones for everything from managing their healthcare and scheduling their children's extracurricular activities to investing in the stock market and managing their retirement funds. Services like SoFi Invest make it possible for anyone with a
Guide on How to Buy Fractional Shares on SoFi Invest Those who are currently making investments in the financial sector are members of a generation that has always had access to a mobile device. They do almost everything, from banking to grocery shopping, on apps on their smartphones. SoFi Invest, like many other modern financial
With the end of the year approaching, it's time to start thinking about financial planning for 2023. Whether you're looking to create a budget, save more money, or invest for the future, there are many strategies you can implement in preparation for your financial goals. Some tips to get you started include tracking your expenses,
SoFi Invest IRA Accounts: A Guide to Getting Started In recent years, online banking services such as SoFi have exploded on the scene, offering high-interest savings accounts, no-minimum checking accounts, and a variety of other financial options, including investing and retirement savings. By eschewing brick-and-mortar locations for an online-only presence, services such as SoFi Invest
Whether you’re new to the world of investing or consider yourself a seasoned pro, you’ve probably come across the popular debate of Motley Fool vs Morningstar. Which one is better? Well, as is true for many things in the investing world, there isn’t any “right” answer. The best service for you will ultimately depend on
SoFi Checking and Savings vs Capital One vs American Express: Which Account to Open? Traditional banks have faced some competition in recent years from online-only financial institutions. As traditional banks began to offer mobile banking services via mobile applications, other financial institutions realized that it was no longer necessary for customers to conduct business at
Need a Checking Acount? Should You Choose Bank of America vs SoFi Checking and Savings vs Wells Fargo? A checking account is a type of financial account at a financial institution in which withdrawals and deposits are regularly made. They can also be called transactional accounts, and typically hold very liquid resources, accessible using paper
Retiring early can be a wonderful achievement. But it takes a lot of planning and a lot of saving to do it. If you are one of the lucky ones who can retire before age 60, odds are that you have a large 401(k) balance that has made this possible. Most people that retire early
In your wealth creation journey, many people might have called you avaricious or even described you as suffering from plutomania. But you finally achieve your much-desired success, you alone can tell the struggles you went through to get there! Well, creating wealth also comes with the huge responsibility of ensuring its protection even years after
A traditional pension fund is not for everyone, and it doesn’t have to be. Recent times have seen new pathways for workers to invest and later enjoy their money. This post takes a look at some non-traditional retirement planning options that are gaining traction and ultimately could enable you relax in tranquility after departing from
The Best Budgeting Apps of 2022 Developing healthy financial habits to improve your credit score and get out of debt often involves making use of good budgeting skills. This can be difficult for an individual who has never been properly taught how to budget or to spend and save accordingly. Many people find it helpful
Need a Robo-advisor? Try Stash, Wealthfront, Acorns or Playbook If you've never heard of a robo-advisor, you're probably curious about what they do. Saving and investing can help people achieve financial independence and debt relief by giving them more control over their personal finances. A robo-advisor does just that by making these options available to
Chase vs SoFi Checking and Savings vs Ally Comparison: Which Money Account to Open? Keeping track of one's finances is an essential part of daily life. When you are just starting out, it can be difficult to keep track of so many monetary details, especially if the old paper methods of tracking expenditures in a