You've reached your emergency fund savings goal, and have the capacity to continue saving even more.Where should you put the money?For younger investors, it's especially important that they're putting some of their longer-term savings into the stock market. With years and even decades until they need that money, they stand to gain the most from such investments.However, … [Read more...] about Investing some savings is one of the best ways to grow your wealth
Roth IRA
Investors love Roth IRA conversions amid Biden’s looming tax hikes, but they hate the upfront tax bills. Here’s one advisor’s trick for biting the bullet now to fuel tax-free wealth later
With taxes on the wealthy seemingly on track to increase under President Joe Biden, many affluent investors have been rushing to reconfigure their retirement strategies to lessen a financial blow in the future.But the strategy of choice — shifting money from a traditional IRA or 401(k) into a tax-advantaged Roth plan — involves a surprisingly nuanced calculus. Factors that can … [Read more...] about Investors love Roth IRA conversions amid Biden’s looming tax hikes, but they hate the upfront tax bills. Here’s one advisor’s trick for biting the bullet now to fuel tax-free wealth later
How To Pay Those Upcoming College Bills
Man counting tuition fee with calculator. getty The day has finally come to send Junior off to college and let's face it. You haven't saved much for it. In fact, if you're like many parents, you may not have saved anything at all. If you don't want your child saddled with student loan debt and you have extra savings you don't need for retirement, where exactly … [Read more...] about How To Pay Those Upcoming College Bills
4 cash-raising pitfalls (and better options)
If you’ve got more bills than money, the usual advice is to trim expenses and find additional income. But some ways of raising cash can be a lot more expensive than others. Here are four that should be avoided, if possible, and what to consider instead.BEWARE RAIDING A RETIREMENT PLAN A big chunk of the money contributed to retirement plans leaks out as hardship withdrawals, … [Read more...] about 4 cash-raising pitfalls (and better options)
Liz Weston: 4 cash-raising pitfalls (and better options)
If you’ve got more bills than money, the usual advice is to trim expenses and find additional income. But some ways of raising cash can be a lot more expensive than others. Here are four that should be avoided, if possible, and what to consider instead. If you’ve got more bills than money, the usual advice is to trim expenses and … [Read more...] about Liz Weston: 4 cash-raising pitfalls (and better options)