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Buying stock gives you an ownership stake in a publicly traded company. If the stock price goes up and you sell your shares for more than you paid for them, you’ll net a profit if those gains outweigh your tax liability. The opposite is also true—you could lose money if you sell while prices are […]
How to Research Stocks Read More »
The term “financial portfolio” might conjure up images of the super-rich lounging on their yachts, sipping Dom Perignon while complaining about capital gains taxes. But if you have a retirement account such as a 401(k) or IRA, you’ve got a portfolio too. A financial portfolio is a collection of assets an individual owns, typically including
What Is a Financial Portfolio? Read More »
Investing in real estate is expensive, but not with REITs. Learn how to invest in REITs with this comprehensive guide.Investing in real estate is expensive, but not with REITs. Learn how to invest in REITs with this comprehensive guide. The post How to invest in REITs: Everything you need to know appeared first on Money
How to invest in REITs: Everything you need to know Read More »
Americans are enthralled with watching the lifestyles of the rich and famous unfold on TV and social media. Despite the extravagant cars and vacations showcased on certain programming franchises, the wealth of these celebrities pales in comparison to some of America’s richest families. To find out which clans hold the most wealth, Stacker compiled a
Ranked: The 25 Richest Families In America Read More »
People who put money into an employer-sponsored retirement plan should be aware of an important word: “vested.” When you’re vested in a retirement plan, it means you own some or all of the money in your account. So, if you’re 100% vested, you own 100% of your retirement funds. But if you’re 20% vested, you’re
What Does It Mean to Be “Vested”? Read More »
A brokerage account is a taxable investment account you use to buy and sell securities through a licensed brokerage firm. This type of account provides access to a wide variety of investment options to help you build a diversified portfolio. If you want to hold certain securities that only a licensed broker is authorized by
How to Open a Brokerage Account Read More »
Social Security survivors benefits are paid to the surviving spouse and eligible dependents of a deceased person who qualified for Social Security retirement benefits. How much a surviving spouse or other dependent receives in Social Security survivors benefits varies. The primary factor is how much the deceased person was receiving or could have received in…
What Are Social Security Survivors Benefits? Read More »
Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. Up until recently, investing in large residential and commercial real estate was off-limits to you, me and the 99%. Now, more and more companies are
How to Earn Passive Income in Real Estate Investments — For Just $500 Read More »
Millions of forgotten 401(k) retirement accounts are begging to be claimed. As of May 2021, an estimated 24.3 million 401(k)s holding $1.35 trillion in assets had been left behind by people who changed jobs, according to financial services company Capitalize. If you’ve lost track of an old 401(k), what do you do? Well, don’t panic.
How to Find an Old 401(k) Read More »
The IRS limits how much you can contribute to your Individual Retirement Account (IRA) each year. In general, investors under the age of 50 may contribute up to $6,000 to a Roth or traditional IRA during the 2021 and 2022 tax years. Investors over the age of 50 are afforded an annual catch-up contribution of
Roth IRA Contribution Limits for 2022 Read More »
Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. Thanks to teams of financial experts with savvy investment strategies, the ultra wealthy keep getting richer. But what about the rest of us? The average
Avidus Gives You Access to Expert-Managed Portfolios Read More »
Did you know that the average net worth by age 65 in America is roughly $1,216,000? Did that number just make you gasp? If so, you may be relieved to hear that knowing how to build wealth requires a relatively simple strategy: earning money, saving money, and investing money. In fact, history shows that you
How To Build Wealth: 7 Easy Steps To Get Started at Any Age Read More »
All self-employed workers must pay Social Security taxes, just like individuals who work for an employer. Those who work for an employer split their Social Security tax burden down the middle, while self-employed workers are responsible for both halves. And because self-employed workers pay Social Security taxes, they’re entitled to Social Security benefits in retirement….
Do Self-Employed Workers Pay Social Security Taxes? Read More »
A Roth IRA is a type of Individual Retirement Account(IRA) funded with after-tax income. While the money you put into your Roth IRA isn’t tax deductible at the time you contribute it, withdrawals made after age 59½ are tax-free. That means you don’t pay any tax on the earnings in your account, as long as
How Does a Roth IRA Work? Read More »
Social Security spousal benefits provide a monthly sum to a retired worker’s spouse or former spouse. The spouse receives up to 50% of the value of the retired worker’s Social Security base retirement or disability benefit. If you’re the retired worker in this equation, signing up your spouse for spousal benefits doesn’t mean your retirement…
What Are Social Security Spousal Benefits? Read More »
Today, Mastercard announced an upcoming pilot program called Crypto Source that will allow traditional banks and other fintech companies to let their customers buy, hold and sell crypto assets. To offer these services, Mastercard is expanding its partnership with Paxos Trus Company, a blockchain infrastructure platform. Most crypto investors currently use crypto exchanges such as…
Mastercard to Make It Easier for Banks to Offer Crypto Services Read More »
A fiduciary is an individual or an organization that legally acts on behalf of another person or group. The fiduciary relationship may involve financial management or assuming responsibility for the well-being of another person in some other way. Legally, a fiduciary is required to act in the best interest of, and in a way that
What is a fiduciary? Read More »
Dear Penny, My wife and I are middle class or maybe upper middle class. I make pretty good money. I pay all of our bills, mortgage, both cars, insurance and healthcare bills (which is $2,000 per month). She is a social worker and only makes enough to cover her personal needs and spending money. We
Dear Penny: Did My Wife Make a Huge Mistake by Investing Her Inheritance? Read More »
Meme coins (sometimes spelled “memecoins”) are cryptocurrency tokens that are based on internet memes. Broadly defined, a meme is usually a popular phrase, image or idea that is shared on the internet. The first cryptocurrency in this category was Dogecoin (DOGE), which gained a large following after its release in 2013. Dogecoin is among the…
What Are Meme Coins? Definition and Examples Read More »
Owning real estate for investment purposes can be a great path to wealth. Depending on the property, it can generate predictable cash flow, capital gains and provide tax benefits. Besides being lucrative, real estate investing can be a hedge against inflation and an excellent way to diversify your investment portfolio. There are several ways to
Looking at Real Estate Syndication? Here’s What You Need To Know Read More »
