Roth IRA

The Motley Fool TakeRecent news has paid a lot of attention to “meme stocks” — such as Grapevine-based GameStop and AMC Entertainment Holdings — that have skyrocketed because they were hyped on social media. Cryptocurrency Dogecoin, named for a shiba inu dog and begun as a joke, also joined the meme party, racking up gains of as much as 12,000% from early January through early … [Read more...] about Motley Fool: Beware of meme stocks

PostsGetting Divorced? Why (and When) to Engage a Financial Advisor A financial adviser can look out for your financial needs with objectivity and expertise during the division of marital assets.A New Way to Apply for a Job: TikTok A pilot program from TikTok is allowing users to apply for jobs through the app using video resumes.After-tax Contributions to a 401(k) Want … [Read more...] about Retirement Daily Weekly Roundup 7/18-7/23

Give your child access to opportunitiesA Roth IRA may not be the most popular vehicle to financial success, but there's one undeniable benefit that your child will gain: the option to leverage the Roth IRA during every phase of life.The Roth IRA can be your child's companion during the college process, homeownership, and emergency situations. The best part is that it only takes … [Read more...] about 4 Benefits of Opening a Roth IRA for Your Kids | Personal Finance

The pandemic-induced public policy decisions which injected well over $5 trillion into the U.S. economy in the past 16 months have significant short- and long-term investment implications. … [Read more...] about Inflation and taxes are heading higher, be prepared

The 401(k)'s high contribution limits, employer match, and automatic paycheck withdrawals make it a popular choice for retirement savings. But it can also have drawbacks that make it a poor first choice for some people. If any of the following scenarios apply to you, consider placing your money in an IRA first and returning to your 401(k) later, should you max out your … [Read more...] about 3 Reasons to Put Retirement Savings Into Your IRA Before Your 401(k)

Home sellers had a great year in 2020: Median home prices in the U.S. shot up by 12.8%. What's even more startling is how much home values have increased since 2012, when the housing market began to emerge from the Great Recession -- a whopping 72.3%Statistics like these are interesting, and even tempting, but they can also be dangerous. Before contacting a mortgage lender … [Read more...] about Why Price Appreciation Estimates Can Be Dangerous for Home Buyers

Rawpixel / Getty Images/iStockphotoIt’s never too early to teach your kids about money. Whether they count coins in a piggy bank, set aside their allowance to buy special toys, earn gas money with a part-time job or start investing for the future in a Roth IRA, they can learn important financial lessons at every age. Teaching kids the following habits can help them build a … [Read more...] about Top Financial Habits Parents Can Pass Along to Their Kids

Financial FocusIf you’re in the early stages of your career, you’re probably not thinking much about retirement. Nonetheless, it’s never too soon to start preparing for it, as time may be your most valuable asset.So, you may want to consider retirement savings vehicles, one of which is an IRA. Depending on your income, you might have the choice between a traditional IRA and a … [Read more...] about Is Roth IRA better for young workers? | Community

By Michael Lynch, CFPThe time comes in most retirees’ lives when they are struck by an “ah ha” moment that changes everything. After a working life of systematic saving that often came at the expense of luxuries and adventurous experiences, they realize that not only are they financially secure for the rest of their lives, but that if they maintain their current lifestyle, they … [Read more...] about Better to Go Direct – Retirement Daily on TheStreet: Finance and Retirement Advice, Analysis, and More

When you buy through our links, Insider may earn an affiliate commission. Learn more. If you got married or had a birthday recently, you might be sitting on cash gifts. Financial pros say you can invest in a side hustle or buy crypto (without risking your savings). Or, keep the money in a high-yield account … [Read more...] about 5 Ways to Spend Cash Gifts to Turn Them Into More Money