MoneyUnder30.com

Archive for: Investing

What Should You Do With A Year-end Bonus Check?

After many years of school, I now have my first job and I expect to receive a year-end bonus somewhere between $5,000 and $10,000. What should I do with my bonus check? What kind of saving options do I have? (I will already have maxed out my 401k.) … [Read more...]

5 Major Mistakes Investors Make, And What It Takes To Get It Right

My first mistake as an investor was a doozy, and chances are by the time I retire, it will have cost me tens of thousands of dollars in compound interest, maybe more. I’d love to name the financial advisor who steered me wrong. But I’ve risen abo … [Read more...]

Could An Annuity Belong In Your 401(k) Or IRA? Proceed Carefully

Annuities are complicated financial products that can be overhyped and oversold by commission-hungry sales reps. And until recently, young people had no reason to ever consider annuities. But a new law that allows you to invest in annuities as part … [Read more...]

An Easier Way To Get Into Socially Responsible Investing

New investors wanting to dip their toes into the markets for the first time face an overwhelming number of complex decisions. For example: Which broker do you choose? Should you buy stocks, mutual funds, exchange-traded funds – or none of the a … [Read more...]

How I Save For Short-Term Goals

What are you doing with money you’re setting aside for short-term savings goals? Money you’re saving for eventual retirement or financial freedom should be invested in stocks that have the potential to outpace inflation in the long-run, but you don … [Read more...]

How Much Should Be In Your 401(k) At 30?

What should your contribute to your 401(k)? How much should you have invested for retirement at 30, 40, 50, etc? These are good questions. Here, I try to answer them, but I should warn you: Personal finance is PERSONAL! The more you can c … [Read more...]

LOYAL3 Review: An Easy, Inexpensive Way To Begin Investing

One of the most common questions I receive is “I want to start investing, but I don’t have a lot of money and I have no idea where to start.” The investing world is intimidating. There are hundreds of brokers to choose from and tens of thousands of … [Read more...]

What To Do When You You’re Over Roth IRA Income Limits

A Roth IRA is a saver's best friend. If you're single and make more than $129,000 per year or married and jointly make more than $191,000 per year, you are over Roth IRA income limits and are no longer eligible to contribute to a Roth. If this … [Read more...]

Personal Capital Review: A Powerful Free App For Independent Investors

Personal Capital Category: Investing AppCost: FreemiumRating:  ProsFree tools analyze investments in all of your accounts (401k, IRA, brokerages, etc.) and find opportunities to diversify or save. Cons Free tools are paid for by … [Read more...]

How To Get Started With Sustainable Investing

When you begin investing, you need to learn a few basics about how Wall Street works. The ocean of available investment choices and conflicting advice is distracting and intimidating. Once you understand how to find a few mutual funds or ETFs that … [Read more...]