A mutual fund is only one investment option. There are other ways to help grow your money, and depending on what you’re saving for, there may be a more tax-advantaged option. For example, if you’re saving for retirement, aRoth IRAmight make more sense or if you’re saving for col...
Traditional IRA,Roth IRA,Roth 401K) or through taxable personal accounts through anonline brokeror direct from the mutual fund company. If you would like to consolidate all of your investments into one account go with a discount brokerage. Discount brokerages will sometimes charge you a small fee...
A Roth 401(k) is an employer-sponsored retirement savings account that is funded with after-tax money. As long as certain conditions are met, withdrawals in retirement are tax free.
A Thrift Savings Plan (TSP) is adefined-contribution planfor federal employees anduniformed servicespersonnel; it's similar to a401(k). Participants in a TSP get an immediate tax break for their contributions. Government workers can also choose to invest in a Roth TSP for freedom from taxes ...
With so much going for ETFs, why would anyone want to buy a mutual fund? There is really only one reason…..Performance. ETF Performance Issues There are a few concerns I have about ETF performance. First, some experts suggest that the performance of the biggest ETFs is going to suffe...
Here's a primer in plain English to help you read and understand what's going on inside your mutual funds before you buy them. If you ever wondered what is a mutual fund prospectus, here's your answer.
Roth IRA eligibility/contribution rules:Unlike the traditional IRA, not every taxpayer can fund a Roth IRA. Eligibility comes down to your income. At certain income levels, the IRS starts phasing out the amount you’re allowed to contribute to a Roth IRA. Eventually (for singles with a modifi...
You can invest in ETFs through a broker, such as a broker dealer or financial institution. At most places, you can trade ETFs in brokerage accounts and in retirement accounts, like Roth IRAs and traditional IRAs. Some providers allow you to invest in ETFs in your HSA. Types of ETFs There...
ETFs work like mutual funds that think they’re individual stocks. Under the hood, an ETF looks like a mutual fund in that it holds various investments within the same wrapper. On the outside, ETFs can be traded throughout the day, just like a stock. “At 9:31 am or 2:30 pm, the...
Up comes a villainous financial planner who pushes Humpty off the wall. When he's glued back together again, Humpty is now made up of several types of investments rather than one fund. The advisor, now labeling the egg as a "diversified portfolio," is charging 1%. It may not be the ...