MyBankTracker Blog

How to Convert a Traditional IRA to a Roth IRA Use this step-by-step process to convert a traditional IRA to an Roth IRA. Find out when it makes sense for you to switch the type of individual retirement account. Learn how this change will affect your tax situation, including what you should be aware of to avoid any kinds of penalties. Thomas (TJ) Porter Valerie Ashton Should Freelancers Get a Business Credit Card? Many people believe that having multiple streams of income is more beneficial and... Kevin Mercadante Individual Bonds vs. Bond Funds: What's The Difference? Bonds and bond funds prove to have some significant differences that still baffle... Should You Use a Personal Loan to Start a 0Business? Find out whether taking out a personal loan to start a new business is a good idea. Learn about the pros and cons of using personal loans for business. Thomas (TJ) Porter Credit Counseling vs. Debt Settlement: What is Better for You? Compare credit counseling and debt settlement services to see which option is better for helping you get out of large amounts of debt, especially high-interest credit card balances. Learn about the benefits of each option and how much it costs. Find out what other options you might have available to you. Thomas (TJ) Porter Krista Baum How to Invest for Retirement on a $30,000 Salary Everyone knows they should be saving for retirement. But, what if you only make... Valencia Patrice Higuera Should You Invest in Series I Savings Bonds or CDs? Series l savings bonds and certificate of deposits (CDs) are low-risk, long-term... Family Member Stole Your Identity to Open Credit Cards: What to Do Find out what to do if family members, such as a parent or spouse, steal your identity to open credit cards and rack up a large amount of debt in your name. Thomas (TJ) Porter 5 Ways to Save for Retirement as a Full-Time Freelancer As a full-time freelancer, learn how you should approach retirement savings when you don‘t have access to a 401(k) plan, which is offered only by employers. Consider the different options that you have available to take advantage of tax benefits provided by certain retirement accounts. Valencia Patrice Higuera Simon Zhen Robinhood Brokerage 2025 Review Designed as an easy way to enter the complicated world of investing, Robinhood has... Thomas (TJ) Porter Should You Keep Your Emergency Fund in a CD? One of your first priorities financially should be to build an emergency... How to Calculate and Reduce Your Debt-to-Income Ratio Learn why you need to care about your debt-to-income ratio when you apply for a major loan, such as a mortgage, auto loan, or personal loan. Thomas (TJ) Porter How to Trade and Invest in Bitcoin & Other Cryptocurrencies If you‘re interest in jumping into the world of cryptocurrencies, such as Bitcoin, it‘s important to understand how to invest in them and what you have to be aware of. Learn the step-by-step process of trading cryptocurrencies and find out the fees that are often involved with such investments. Also, be aware of your tax liability, as with any kind of investing. Nicole Dieker Rebecca Lake Peerform Personal Loans 2025 Review PeerForm Personal Loans Need a personal loan? Where you decide to borrow from is an... Thomas (TJ) Porter 6 Signs That You Need to Switch to a New Brokerage Your brokerage is the center of your investing life. You can use the account to... Investing in Rental Properties: Are You Ready to Become a Landlord? Find out whether you have what it takes to become a landlord when you're thinking about investing in rental properties. Learn about the different factors that you have to consider before making this major financial move. It involves more than just a financial commitment - it can require time and effort to generate a reliable return. Paul Sisolak What to Do If You Didn't File Taxes on Time Find out what you should if you missed the IRS deadline for filing your tax returns. Learn about when it matters and when it doesn't -- depending on whether you are getting a tax refund or owe taxes. See the steps that you should take immediately to avoid penalties and fees. Shirley Pulawski Valerie Ashton What Makes a Bad 401(k) Plan? An employer-sponsored 401(k) retirement plan is usually an excellent retirement... Krista Baum College Grads With Your First Jobs: How to Set Up Your Finances Now that you’ve graduated college and landed a job, you can sit back and relax —... Can You Inherit Your Parents' Debt? Find out whether you can inherit your parents' debt upon their deaths. See how debt is handled by their estate, which varies based on the type of debt, including mortgages, credit card balances, and taxes. Learn what you should do if and when a debt collector attempts to ask for repayment. Ben Luthi The Best Mobile Apps for Investing of 2024 Find out which mobile apps are the best mobile apps for investors, whether you‘re new to investing or a seasoned investor. Thomas (TJ) Porter Valencia Patrice Higuera Guide to Using a Backdoor Roth IRA The more cash you sock away during your working years, the more money you’ll have... Thomas (TJ) Porter Investing in a Money Market Fund vs. a High-Yield Savings Account Money market funds offer slightly higher returns than high-yield savings accounts... CommonBond Student Loan Refinancing 2025 Review Learn all the details of the refinancing loans offered by CommonBond for student loan debt. Compare the different rate options offered to borrowers to see which one is a better match for refinancing student loans. Find out the fees charged, eligibility requirements, and minimum credit score. Rebecca Lake Personal Loan vs. Line of Credit: Which is the Right Option for You? Compare the benefits of personal loans and lines of credit to figure out which one is better for your borrowing needs. Thomas (TJ) Porter Valencia Patrice Higuera Should You Pay to Extend a Mortgage Rate Lock? When buying a house, affordability doesn’t only involve the price of a property—it... Valerie Ashton Bring Crisp, Clean U.S. Dollar Bills When You Travel to These Countries The phrase “Cash is King” doesn’t just apply to investment portfolios, it also... Primary vs. Secondary Auto-Rental Collision Coverage on Travel Credit Cards Learn about the differences between primary and secondary auto-rental collision coverage that are provided by your travel credit cards. Find out what is covered and when each one takes effect in the event that your rental car is involved in an accident. See which credit cards offer primary auto-rental coverage. Thomas (TJ) Porter Guide to the Chase 5/24 Credit Card Rule Learn about the 5/24 rule that Chase uses for approving and denying applications for a credit card based on your past history of card approvals. Rebecca Lake