One of the biggest financial advantages out there is something anyone can access by opening a simple retirement account: compound interest. Retirement accounts such as 401(k)s and Roth IRAs aren't ...

In the real world, simple interest is rarely used. When you deposit money into an interest-bearing account, or take out a line of credit, the interest that accumulates is added to the principal, and ...

Compound interest can lead to exponential asset growth. Compound growth also applies to equity assets, even if the returns don't come in the form of interest. It's important to start saving as early ...

In the good old days, young Americans went to work for an employer who would promise a comfortable retirement in the form of a pension plan — that is, a defined-benefit plan. Today, it's increasingly ...

Retired basketball legend Michael Jordan has been making the most of his post-court life. One of the biggest financial advantages out there is something anyone can access by opening a simple ...