With a mere 0.2% annual fee and almost no turnover, the Invesco S&P 500 Equal Weight ETF has a good combination of low fees and low churn that give index funds their edge. All in all, there are lots of reasons to believe that ETF has what it takes to be worth owning as a reasonable first investment in any investor's long-term portfolio.Why all at once?While $5,000 is a … [Read more...] about Exactly How I’d Invest $5,000 if I Had to Start From Scratch Today | Personal Finance
Retirement Legislation, Crypto: News of Interest to Financial Advisers
A roundup of the latest news and reports of interest to financial advisers.Biden’s nominee to head EBSA reflects aggressive rulemaking agenda: Lisa Gomez's career is rooted in ERISA, and her keen understanding of the law would help the DOL as it seeks to implement new rules, lawyers said in this InvestmentNews report.Congress urged to act on numerous retirement system changes: … [Read more...] about Retirement Legislation, Crypto: News of Interest to Financial Advisers
Interview with Wealth Noir Founder: How People of Color Can Achieve Financial Freedom
The racial wealth gap is one of many systemic challenges that the Black community and people of color face when working to secure their financial futures. But there are many resources available to help you along your way and groups of people who have similar goals, including at Wealth Noir. In this Motley Fool Live video recorded on July 23, Fool.com editor Desiree Jones … [Read more...] about Interview with Wealth Noir Founder: How People of Color Can Achieve Financial Freedom
This Overlooked Expense Is Waiting to Gouge Your Retirement Savings
If asked to list your retirement expenses, you'll probably remember housing, food, transportation, and even recreation. But there's a lot more to retirement costs than just these everyday things. Irregular expenses -- those you only pay once or twice per year or every few years -- are important, too, but can easily slip through the cracks. One, in particular, can derail your … [Read more...] about This Overlooked Expense Is Waiting to Gouge Your Retirement Savings
What is the new child credit for 2021? – The Oakland Press
Q: What is the new child credit for 2021? A: Each child will receive a $3,600 credit if under age 6 and $3,000 if age 6 to 17. Families will get advance credits in their bank accounts starting July 15th at a rate of $300 per month if the child is under age 6 or $250 per month if age 6 or older. The advance payments will total 1/2 of the child credit and the other 1/2 will be … [Read more...] about What is the new child credit for 2021? – The Oakland Press
How Roth IRA Taxes Work and When You Pay
There are many different types of retirement plans, and one of the main ways to choose among them is to ask: How do they treat you at tax time? Let’s just say the Roth IRA is really very polite.How Roth IRA taxes workAlthough you pay taxes on the money you put into a Roth IRA, the investment earnings in the account are tax-free. Also, when you reach age 59½ and have had the … [Read more...] about How Roth IRA Taxes Work and When You Pay
Roth IRA vs. Roth 401(k): 6 key differences
A Roth 401(k) and a Roth IRA sound similar - and they are. © Maskot/Getty Images Roth IRA vs. Roth 401(k) Contributions are made after taxes - meaning your taxable income isn't reduced by the amount of your contributions when you file your taxes. But you get a tremendous tax advantage down the road, since earnings can be taken out tax-free starting at age 59 1/2. … [Read more...] about Roth IRA vs. Roth 401(k): 6 key differences
Expensive Mistakes People Make With Their IRA Savings
Making mistakes with your IRA accounts can be very costly. Choosing the right type of IRA can save thousands of dollars in taxes. Not investing an IRA correctly can keep your account from growing as much as possible. Read more Personal Finance Insider coverage » Saving for … [Read more...] about Expensive Mistakes People Make With Their IRA Savings
What Is Capital Gains Tax? – Seeking Alpha
What Is Capital Gains Tax? Seeking Alpha … [Read more...] about What Is Capital Gains Tax? – Seeking Alpha
What Are the Advantages of a Gold 401K Rollover?
A rollover account enables individuals to move any funds they previously had from a 401(k) or 403(b) account into an IRA. However, these IRA rollovers are associated with tight rules and regulations that a person needs to follow. It’s vital to understand that a Gold IRA is no different and can only be processed under one of these three circumstances: The … [Read more...] about What Are the Advantages of a Gold 401K Rollover?