You may not think there's a silver lining to a market correction—but for young investors, there's a counter-intuitive potential upside and a simple investing technique that allows beginners to take full advantage of it.
What's your plan for the FUTURE?
We're all trying to set aside money, and retirement is likely one of our biggest financial undertakings — but in this post, I'm talking not just about retirement, I’m talking about saving for the FUTURE. You know, when people are cruising around in flying cars, teleportation is totally a thing, and we’ll all have the ability to live forever. The FUTURE is going to be cool, and no one knows exactly what will happen, but I can tell you one thing — it's going to be expensive.
Why women need to learn to invest
Ladies, let's talk. I know you have a ton going on, and you're busy with whole world of must-extinguish-four-alarm-fires — but this can't wait. As your self-proclaimed financial mentor, I need to make sure you understand how important it is to get yourself into a position where you can be regularly saving and investing for the long-term. Here are a few facts we all know, but may not have considered together:
What should I invest in — is the wrong first question
Years ago I came into some money as a result of an unexpected layoff. I had no idea what to do with it, so I deposited it into a savings account and let it sit there for 2 years, agonizing in indecision.
Every time I tried to come up with a plan, I would freeze, fixated on the thought — I don't know what to invest in, and I need to find someone to tell me what to do.
Like a unicorn with Nikes and a parachute — here's why I love the Roth IRA
Named for the savvy Delaware Senator who in 1997 dreamed up a simple twist in the tax code to create something truly worth shouting about — the Roth IRA is one of the most powerful tools regular people have to get ahead.
Yes, the brilliant switcheroo that Senator William V. Roth Jr. made was to take the traditional upfront tax break we're used to getting with our retirement savings, and instead put it on the back end. What this did was allow most people to pay less tax initially, and then to NEVER pay tax on that money again — offering the peace of mind to know that your growing balance will be all yours (and not the IRS's) when the time comes to make withdrawals.
