Tax season is upon us. But before you pull out that old box of receipts and get to work, you might want to look into whether tax deferral could save you money, in addition to buying a little extra time. Tax deferred accounts allows you to not pay taxes on your gains in an investment […]
If you’re reading this, you’re most likely interested in putting your money to work in the market. But maybe you’re also the kind of person who feels like the market is a little bit too risky for comfort. Luckily, there’s a solution for you. Creating a portfolio that never loses money and participates in some market upside may sound […]
Certificates of Deposit (CDs) are a low-risk option for those who want to get more out of their savings. In this guide we will answer the following questions: What is a CD? How does a CD work? How are CDs taxed? What is CD laddering? What kinds of CDs are there? What are the pros […]
In the US there are over one million licensed insurance agents/brokers. Many of them are trying to sell you an annuity (specifically a fixed index annuity). Why is that? Why does it make sense for brokers to sell them? Why does it make sense for insurance companies to try to sell them? In this post, we’ll […]
https://www.simplywise.com/whats-this-chargeWe all need a checking account. It is an account from which money comes and goes; we use it to deposit our paychecks, pay our bills, send money to our friends and so on. In return for the convenience of having a checking account, the bank either charges us a monthly maintenance fee, or if […]
By the end of the October 1929 stock market crash, investors had lost $25 billion – $364 billion in today’s terms. Why did the stock markets crash? Are the causes of the crash true today? The answer is that it’s complicated. Rather than a single catalyst, mounting pressures from multiple factors contributed to the crash. These […]
For the last 18 months, the Federal Reserve has been increasing interest rates. The last time this happened was over 10 years ago, which means that many people who began investing in the past decade have only experienced an economic environment of low or falling rates. The key question we’ll try to answer is: what is likely […]
The US has experienced close to a 10-year bull market; since 2009, the S&P 500 has returned over 270%. When the inevitable market correction comes, which type of investors will feel the most pain? We looked at data on the finances of US households to identify three categories of investors who have the most exposure to stocks […]
On October 16, 1929, Yale economist Irving Fisher wrote in the New York Times that “Stock prices have reached what looks like a permanently high plateau.” Eight days later, on October 24, 1929, the stock market began a four-day crash on what became known as Black Thursday. This crash cost investors more than World War I and […]
How do you decide how much of your assets should be in stocks? One approach is to max out your 401k, IRA, etc and invest everything you possibly can into the market while you are young and less so as you grow older. Another is to have enough money in liquid assets to cover expenses […]