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April 20, 2024
By
The Admiral Staff
While signing up for a 401(k) as soon as possible is generally advised, experts caution against rushing into a plan without understanding its details. Key questions to ask when starting a new job include eligibility, employer matching, automatic enrollment, rollover options from previous plans, fees, the plan provider, investment options (favoring low-cost index funds), and who to contact with questions. If the plan is unsatisfactory, employees should communicate concerns to their employer and explore legal options if necessary.
April 14, 2024
By
The Admiral Staff
Fidelity Go is a robo-advisor from Fidelity Investments offering automated investment portfolios using low-cost, fee-free Fidelity Flex mutual funds. It’s ideal for beginner investors seeking a hands-off approach. Accounts under $25,000 incur no advisory fees, while those over $25,000 have a 0.35% annual fee. Investors complete a questionnaire to determine risk tolerance and goals, resulting in a personalized portfolio across four asset classes. Key features
April 6, 2024
By
The Admiral Staff
Homeowners insurance companies often view trampolines as high-risk due to the significant number of injuries they cause, with over a million emergency room visits reported between 2002 and 2011. Coverage varies widely – some policies exclude trampolines entirely, while others may require safety netting. Failure to disclose a trampoline to your insurer can lead to policy cancellation and a damaged insurance score. If you choose to have one, experts recommend informing your insurer, increasing liability coverage (potentially with an
April 4, 2024
By
The Admiral Staff
According to a Realtor.com analysis, the hottest ZIP codes in America for millennial homebuyers prioritize strong local economies, affordability, transportation, recreation, and quality of education. The top spot is 02176 in Melrose, Massachusetts, followed by Worthington, Ohio (43085), and Centennial, Colorado (80122). Texas also had a strong showing with three ZIP codes on the list, including Plano (75023). Millennials in these areas earn significantly
March 30, 2024
By
The Admiral Staff
A recent Bankrate report analyzed the best and worst states for first-time homebuyers, finding that millennials may need to consider smaller, more affordable states to achieve homeownership. States like California, New York, Texas, Colorado, Oregon, and Massachusetts rank among the toughest due to high housing costs. Conversely, Iowa, Utah, and Minnesota are the most favorable. The report highlights that affordability varies significantly, with the least affordable states requiring over a third of household income for mortgage payments compared to just 1
