Learning Center

All about IRAs

An individual retirement arrangement (IRA) is a personal retirement savings plan that offers specific tax benefits. In fact, IRAs are one of the most powerful retirement savings tools available to you...

Using the “3-6 Months Rule” to Determine Your Cash Reserve Needs

What is the 3-6 months rule? The 3-6 months rule is a broad rule of thumb commonly used as the starting point for determining a cash goal reserve. The first question that typically arises is, three...

Use of Cash Flow Analysis in Creating Your Budget

What is cash flow analysis? Analyzing cash flow is a simple process that helps you avoid the problems of a cash shortage. A cash crunch doesn't necessarily mean you are broke, but it is a situation...