“Can You Inherit Debt”

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84 Search Results

Learning to Pay Yourself First

Learning to Pay Yourself First

https://www.sofi.com/learn/content/pay-yourself-first/

Paying yourself first is a personal finance strategy in which you prioritize saving money before you spend it. Doing so may mean you transfer funds into a savings or investment account before bills, such as housing and loan payments, get taken care of. By paying yourself first, you can help build wealth and achieve money […]


13 Scams Targeting Seniors and Tips to Protect Yourself

13 Scams Targeting Seniors and Tips to Protect Yourself

https://www.sofi.com/learn/content/13-scams-targeting-seniors-tips-protect/

Scams targeting seniors are increasing at a frightening rate. Fraud victims over 60 reported roughly $1.7 billion in losses in 2021, according to the Federal Investigation Bureau (FBI). From government impersonation scams to tech support scams to lottery scams, it’s easy to be conned if you don’t know what to look for. Falling victim to […]


Guide to Improving Your Money Mindset

Guide to Improving Your Money Mindset

https://www.sofi.com/learn/content/helpful-tips-to-improve-your-money-mindset/

Achieving your financial goals in life isn’t just about how much you earn; it’s also about your money mindset. Some of our most deeply held beliefs are about money. What does financial success look like to you? Do you think of yourself as a spender or a saver? Do you avoid talking or thinking about […]


Can You Name a Trust as a Beneficiary of an IRA?

Can You Name a Trust as a Beneficiary of an IRA?

https://www.sofi.com/learn/content/naming-trust-as-ira-beneficiary/

Individual retirement accounts (IRAs) offer a tax-advantaged way to invest for retirement. When opening an IRA, one question you’ll need to answer is who should be the beneficiary. You could name your spouse or another relative, but it’s also possible to list a trust as beneficiary of IRA assets. A trust is a legal arrangement […]


When Should You Start Saving for Retirement?

When Should You Start Saving for Retirement?

https://www.sofi.com/learn/content/when-to-start-saving-retirement/

If you ask any financial advisor when you should start saving for retirement, their answer would likely be simple: Now, or in your 20s if possible. It’s not always easy to prioritize investing for retirement. If you’re in your 20s or 30s, you might have student loans or other goals that seem more “immediate,” such […]


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