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Investing: What is Diversification

Investing: What is Diversification

“What is Diversification?” Diversification is an investment principle designed to help manage risk.  The key to being diversified is to identify investments that may perform differently under various market conditions.  By allocating your money among various types of...
What is a Simple IRA?

What is a Simple IRA?

“What is a SIMPLE IRA?” This is Catherine Magana with your Savvy Minute.  Today I will give you another easy way tip for you to get Savvy about your finances. Today’s tip will cover “What is a SIMPLE IRA?” A SIMPLE IRA, is a Savings Incentive Match Plan for Employees...
What is a Roth IRA

What is a Roth IRA

Today’s Financial Planning tip will cover “What is a Roth IRA?” A Roth IRA, is an Individual Retirement Account used by individuals to save for retirement with after tax income that grows tax free and distributions are tax free.  However, there are certain rules and...