MoneyUnder30.com

Archive for: Investing

If You Still Don’t Believe In The Power Of Compound Interest, You Have To See This

Student loan debt. Lousy job prospects for recent grads. Wage stagnation. High costs of living. Do you ever feel like -- when it comes to getting ahead financially -- the deck is stacked against you? True, it's not easy being a 20-something in … [Read more...]

The Backdoor Roth IRA: How To Open A Roth, Even If You Earn Too Much

If you’ve already maxed out your 401(k) contribution and have an income that tops the IRA tax-deduction and Roth contribution limits, you may think you’ve already exhausted your tax-advantaged options. What most people don’t know is that there’s one m … [Read more...]

Stop! Never Withdraw From Your 401(k) To Pay Creditors

A reader recently wrote us asking, “My husband had a serious medical issue last fall. We owe several different providers $84,000 in total. We have 401(k)s from our jobs (my current one and his old one). Can they legally take our investments? We have n … [Read more...]

How We Save: For Nicholas Befort, Good Money Habits Are All In The Family

For many Money Under 30 readers, the good habits of personal finance are matters you’ve had to learn yourself. That also applies to some of us writers. My dad didn’t possess checking, savings or retirement accounts. He used my mom’s checkbook and othe … [Read more...]

Think You Can Beat The S&P 500 This Year? Let’s Try (Grow Your Dough Challenge 2.0)

I’m not one to advise you try to beat the stock market. Economist Paul Samuelson is famous for saying “Investing should be like watching paint dry. If you want excitement, take $800 and go to Las Vegas.” For the most part, I follow Samuelson’s a … [Read more...]

8 Fresh Investment Ideas For 2015

With 2014 history and 2015 here, the inevitable New Year’s resolutions may be on your mind. No sense in listing those, because losing weight, working out and writing a novel are always … oops. But how about a bigger oops: that is, forgetting to twe … [Read more...]

Lending Club Review: Get A Loan Without A Bank, Or Lend Money To Others

Today marked an exciting day for crowd-sourcing and social finance with the Lending Club initial public offering (IPO) on the New York Stock Exchange. I've been writing about peer-to-peer lending since 2006, when the trend was in its infancy. Back … [Read more...]

5 “Robo Advisors” That Are Forever Changing How We Invest

Some six decades go, a rash of kitschy sci-fi films depicted robots taking over the world. But no one suspected it might come true in a civilized way. At least that’s what seems to be happening in the investment world with so-called r … [Read more...]

OptionsHouse: An Inexpensive Platform For New Investors And Active Traders Alike

For years, two little-known online stock brokers, OptionsHouse and tradeMONSTER, ranked among our most recommended brokers for new investors. The reasons were simple: Good customer service, good trading interfaces, leading mobile features, and … [Read more...]

The Roth IRA: What It Is, How It Works, And Why You (Definitely) Need One

Ready to start investing on your own? Then a Roth IRA is the first place to look. Jump to: Roth IRA Contribution Limits Roth IRA Income Limits Before I took a job at SmartMoney Magazine, terms like 401(k), Traditional IRA, and Roth IRA … [Read more...]