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March 15, 2024
By
The Admiral Staff
The article encourages readers to “make their money work for you” by investing rather than letting it sit stagnant. It highlights that investing, even with small amounts, can lead to significant growth over time, contrasting a modest retirement savings of $100,000 with a potential million dollars through investing. The article then provides four tools to help achieve this: optimizing a 401(k) with Blooom, starting to invest with as little as $5 through Stash, accelerating
March 12, 2024
By
The Admiral Staff
The article addresses how to start investing with a small amount of money, like $100-$200. While significant returns are unlikely initially, it emphasizes the importance of building the saving habit and highlights the potential for long-term growth, referencing a historical Coca-Cola investment example. Due to high brokerage fees, the article recommends using apps like Stash, which offers simple portfolios and a small monthly fee, and currently provides a $5 bonus for new users. Alternatives to stock investing,
February 23, 2024
By
The Admiral Staff
Mortgage brokers can simplify the home buying process by researching and finding suitable mortgages, saving buyers time and explaining complex financial terms. While they don’t guarantee the cheapest rate, they can be particularly helpful for first-time buyers, busy individuals, or those with credit challenges. Regardless of whether you use a broker, it’s important to shop around, optimize factors like down payment and interest rates, and understand fees involved. Recommendations from friends, family, or real estate agents are a good way to
February 22, 2024
By
The Admiral Staff
The article provides a guide to shopping for mortgage rates online. It explains that while online tools offer a “rough idea” of potential rates, they aren’t guarantees due to the more detailed financial assessment required for actual mortgage approval. The strategy is best for buyers with good credit and typical finances seeking standard mortgages. The process involves using third-party sites for initial comparisons, then contacting lenders directly to verify rates and provide full financial information. Experts caution against relying solely on online offers and emphasize checking publication dates
February 17, 2024
By
The Admiral Staff
A 58-year-old man with significant assets—$1.4 million in real estate, $800,000 in retirement accounts, and an impending inheritance of two additional houses—is contemplating liquidating his assets into an annuity to secure a substantial monthly income. While annuities can provide guaranteed income and protect against outliving one’s money, the author cautions against it in this case due to the product’s complexity, fees, illiquidity, and potential inflation
