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Should I Use a Robo-Advisor to Manage My Investments?

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It often includes automatic rebalancing, tax-loss harvesting, retirement planning and picking investments. You can access the platform 24/7 from your phone, tablet or computer. That means that every $10,000 invested through a robo-advisor would cost you $25 to $50 a year. You’ll also have to pay the fund’s expense ratios.

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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

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Save for retirement When trying to get a business off the ground or earn enough to cover your monthly bills, saving for retirement might seem like a luxury you can’t afford. Don’t let the magic of compound interest pass you by, even if you can only manage to set aside a little bit for retirement every month. Every dollar counts.

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8 Crucial Tax Filing Tips For Freelancers

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There are many tax breaks that freelancers may get, which can include costs related to: . Partial cost of a vehicle used for your business . Retirement contributions . Office and work supply costs, including cell phones and internet . An office in the home . Business insurance . Health insurance .

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Who’s Stuck With The Bill?

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The rise in working remotely comes with several costs, which include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software. There are various models that companies are using to cover these costs of working remotely. What are the costs associated with working remotely?

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How to Choose a Robo-Advisor

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Knowing what you’re saving for—whether it’s retirement, college education for your children, a down payment on a house or all three—can help you understand your risk tolerance, timeline and other factors required to invest successfully. Determine your goals. As with any investment strategy, it’s important to start by understanding your goals.

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4 Smart Money Moves to Plan for Financial Security

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They don’t have a purpose for the money they’re saving, and they often end up splurging on stuff they don’t really need (or want) rather than using it to fund a life goal such as buying a house or saving up for retirement. Start a retirement plan. You’re young, and retirement probably feels light-years away.

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How to Choose a Financial Adviser

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Financial advisers can help you with much more than investing topics, including debt management and retirement plans. If you don’t have assets, children or significant debt, you might need to meet with an advisor periodically to ensure you’re on the right track with your retirement plans and brokerage accounts.