Long-term retirement savings and investing is a complex topic, and one of the most challenging parts is trying to work out the best way to save money without paying too much in taxes. The government provides two different types of retirement savings accounts that have different tax treatments: Roth accounts and traditional accounts. You can…
Have you ever wondered about the return on investment in precious metals, particularly gold? If so, you’re probably already aware that no precious metal pays interest. There is no interest rate if you own it as a commodity or indirectly as a share of stock. But, what is the relationship between gold and the going…
New proposals to the federal spending bill could impact the tax advantages of Roth IRAs. The main elements of the proposed bill are that they would eliminate the so-called “back-door” conversions of traditional retirement accounts to a Roth. So let’s see how this might affect your retirement account. Roth Conversions Explained The main difference between…
Do people actually earn interest on shares of dividend-paying stocks? They do, and many investors who put their money exclusively into corporations that pay regular (usually quarterly) dividends can make a double killing if they take the time to select excellent, blue-chip stocks that not only pay dividends but also increase in price. What do…
As a person in their twenties, maybe you’re not thinking about retirement savings yet. You probably have other financial obligations that get priority in your life over investments and contributions to retirement funds. Still, it’s something that you should think about because the sooner you start planning for your future, the more money you’ll have…