What Does It Mean to Be Your Own Bank? (And Why It’s Time We Learned What the Banks Know)
Growing up Latina, many of us were taught one thing: put your money in the bank. It’s “safe,” it’s “smart,” and it’s what good, responsible people do. Our parents did it. Our grandparents did it. And now…we do it too. But what if I told you that the bank isn’t where the bank keeps its […]
The Truth About 401(k)s: What They Don’t Tell You
When I sit down with clients to talk about retirement, the 401(k) always comes up. It’s the most common savings vehicle—especially for younger professionals. But how well do most people actually understand the rules… or the long-term consequences? Let’s break it down. The Truth About the 401(k): Variable, Tax-Deferred, and Limited Control First, let’s get […]