You’ve almost surely heard of a 401(k) plan, but what in the world is a 403(b) plan? Simply, a 403(b) plan is a tax-advantaged retirement account for employees of schools, churches, and nonprofits.

A 403(b) plan (aka tax-sheltered annuity, TSA) is similar to a 401(k) plan, but it has a couple of important differences.

403(b) Plans

Here’s how they work: if your employer is a public school, including a state university, a non-profit, or a church, your organization may have a 403(b) you can use to save for retirement.

In order to offer a 403(b), your non-profit has to be tax-exempt under the 501(c )3 code section of the IRS. …


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Real estate investing can be an excellent way to build wealth. And with low-interest rates, the internet, and reality DIY shows, it’s become more popular than ever. But those things have also fast-tracked people into making some mistakes.

When you’re getting started, there’s a lot to learn. It isn’t as easy as it looks on TV, and many investors won’t find instant success. Without a plan and little know-how, it’s easy to slip up, especially at first.

So, before you open the door to real estate investing, it’s wise to understand potential pitfalls.

The most common real estate investing mistakes and how to avoid them

Here are the ten most common blunders real estate investors make-and suggestions on how to avoid them. …


Financial education is essential and should start as early in life as possible.

While the number of schools adding personal finance to their curricula continues to grow, many kids don’t get taught about managing money at school or home.

What’s one way to help teach a kid who can’t get their nose out of their phone or tablet to use money wisely? You put the education right on their screen!

12 Money Apps for Kids and Parents

Take a look at the following 12 money apps made for kids and help them become financially savvy in no time.

1. Step

Step is a banking system designed for your teen. It’s an FDIC federally insured account with debit card access only. There’s no risk of your teen over-drafting their account and the debit card is protected by Visa’s Fraud Protection and Zero liability guarantee. …


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When it comes to bank accounts, is too much of a good thing too much?

Should you have more than one or two bank accounts? And should they be at different banks?

The more bank accounts you have, the more time it takes to track and manage them. But there are advantages to having multiple accounts. Read on to decide if having more than one bank account can be useful for you.

Is it a good idea to own multiple bank accounts?

It’s an excellent idea for most people to have at least two bank accounts: a checking and savings account. …


Investing is an excellent way to build long-term wealth. But how do you decide the best way to invest?

You might ask your friends or family for advice. Perhaps you see how billionaire investors, like Warren Buffet, choose their investments. Or, maybe you hire a financial professional for guidance.

The problem is there is so much advice out there; it’s hard to sort the good from the bad. Most people giving investing advice mean well. But that doesn’t mean their recommendations are right for you.

Unfortunately, the consequences of poor investment advice can last for years. …


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Before you start to panic, understand that committing tax fraud involves more than making common mistakes on your income tax return. But there are numerous types of tax fraud and evasion that could result in civil or criminal penalties.

The Internal Revenue Service (IRS) treats fraud and tax evasion seriously.

If they conduct an investigation and discover substantive evidence against you, a civil tax matter can become a criminal tax prosecution resulting in criminal charges and your arrest.

Keep reading to learn more about how tax fraud is defined, common types of fraud, civil vs. criminal fraud, and penalties involved for committing it. …


This page or article may contain affiliate links. Please read our Disclosure and Disclaimer for more information. We are a participant in the Amazon Services LLC Associates Program, designed to provide a means for us to earn fees, at no additional cost to you.

Parents and caregivers may wonder when to start teaching young kids about money. Although there is no “right” time, starting early makes the most sense!

Even at two or three years of age, children can start learning about money through their everyday family activities. …


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It doesn’t matter how you do it, in a notebook, on a computer, online, or in an app, as long as you’re doing it! Budgeting is an important part of adult life.

If you’re wondering why you need a budget or spending plan, according to Experian, Americans ended 2019 with consumer credit card debt at a record high of $829 billion. Having a personal budget will help ensure you aren’t doling out more money than you have.

A good spending plan can help you avoid taking on debt and reach financial goals — like becoming debt-free or saving for retirement.

This means you can pay cash for that trip to Greece you’ve been dreaming of, save the downpayment for a house, or even pay off your car. …


Becoming a virtual assistant is an increasingly popular way to have a freelance, home-based business. You get to set your hours, work remotely, and choose who you work with.

But what does it really take to be a successful virtual assistant? We’ve got all the details here.

What Does a Virtual Assistant Do?

Before we get into what’s required to make it as a virtual assistant, let’s define what a VA does.

A virtual assistant, or VA, remotely completes a variety of tasks to support other entrepreneurs. Their job is to shorten their clients’ to-do lists so they can focus on growing their business.

Great VA’s enjoy helping others and contributing to their client’s success. …


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Many households nowadays are dual income, with both partners working and bringing in money to run the home. Even in single-income households, having a partner can help with budgeting, paying off debts, and planning for the future.

When single, you can only depend on yourself to make decisions and plan for the future.

Handling finances on your own, however, can be challenging and confusing.

Having been there myself, I thought I’d pass on some wisdom I’ve accumulated over the years.

A Guide for Single Ladies to Handle Finances

First things first, balance what you know you need to do for yourself with how you see your future.

For instance, I know one day I want to get married, but all of my decisions today can’t be in preparation for that. I must still make decisions for taking care of me today while setting myself up for the future. …

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Women Who Money

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