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Investing is the magic of compounding interest and what makes it possible to turn $1 into $88. Unfortunately, investing in the stock market can often seem complex and inaccessible to outsiders. Money Guy is always here to break it down and teach you everything you need to know about investing, including how to start, what accounts to invest in, and how to invest your dollars!
Yes, there are several ways to build Roth assets, even with a high income. It's true, there are income limitations that determine whether one can contributed directly to a Roth IRA. The current income limitations can be found in this Money Guy resource, Money Guy...
The best thing to do in most cases of volatility is nothing. Volatility should not affect a great long-term plan! We get it. When markets are in a volatile state, it's easy to panic. It’s tempting to want to do something when the market starts to drop, even if it...
Time IN the market is better than timING the market. Are you worried about getting into the market at the "right time"? Historically, those who have stayed invested through the ups and downs of market volatility have been rewarded, even when compared to investors...
What if I get an inheritance, sell a business, receive a big bonus, win the lottery, etc.? Investing at least a portion of this money for the future is a great idea. You have two options when it comes to how you will invest. Let's unpack them both. Lump-Sum: Don't...
The best place to save depends on the goals you have for your savings. Before making any decisions about your future plan, it may be worth sitting down to think about what you envision for your kids – pre-paid education, a house/car down payment, retirement...
Deciding between Roth and pre-tax contributions typically comes down to your current tax rate and how you feel about the future of taxes. Given that Roth dollars are taxed at the time they are contributed and pre-tax dollars are taxed when the dollars are...
