If a student invested $1,300 in Netflix stock in 2014, after three years they would have $4,527.Jill Brady | Portland Press Herald | Getty ImagesTeenagers haven't had a better summer for employment since 1953.In June, the unemployment rate for teenagers aged 16 to 19 was 9.9%, the lowest it has been since 1953, according to data from the Bureau of Labor Statistics.A combination … [Read more...] about Here’s what teens should do with their summer job earnings
Roth IRA
How to retire a millionaire by investing in your 20s, 30s or 40s
Time can be a powerful investment tool.Saving early in your career will give your money time to grow in the market, but you can retire with $1 million even if you get a late start.You'll need a few tools to hit your goal.Savings plans to help you reach that mark could include your employer's 401(k), which is a tax-advantaged retirement savings account, or a Roth IRA or … [Read more...] about How to retire a millionaire by investing in your 20s, 30s or 40s
Watch out — too much tax deferral can backfire on small business owners
According to conventional wisdom, deferring federal income bills is “always a good idea.” But conventional wisdom is not always right. To be sure, tax deferral will be beneficial if you turn out to be in the same or lower tax brackets in future years. In that case, making moves that lower current-year taxable income will at least put off the tax day of reckoning and give you … [Read more...] about Watch out — too much tax deferral can backfire on small business owners
3 Roth IRA Mistakes to Avoid This Year
The Roth IRA (individual retirement account) is loaded with beautiful benefits that can make it a bit easier to fund a tax-free lifestyle later. Unfortunately, the road to success isn't always easy if you don't truly understand how a Roth IRA works and how you can maximize your perks. If you're just getting started with a Roth IRA or have no idea how to take full advantage of … [Read more...] about 3 Roth IRA Mistakes to Avoid This Year
Why a Roth IRA Is Your Retirement Best Friend | Personal Finance
As soon as you reach 59 1/2 and have checked the box on the five-year rule, you'll be eligible to withdraw every penny in your Roth IRA 100% tax-free. You can think of it as a retirement bonus that you'll earn for paying your tax bill upfront and being patient during the growth process.As you grow older, your Roth IRA has the potential to grow with you thanks to the power of … [Read more...] about Why a Roth IRA Is Your Retirement Best Friend | Personal Finance