Archive - October 2018

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Look Past the Headlines for Stock Returns
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Don’t Invent Income!

Look Past the Headlines for Stock Returns

If you are interested in knowing how the stock markets are doing, you have to look past the headlines.

I don’t know how many times I’ve gotten an alert on my phone and saw a headline that said “Dow Plunges!” or “NASDAQ Tumbles!”, and I’ve gone and looked to see what happened and those markets were down like 1% or 0.9%. That’s not really a tumble.

If you went to the grocery store and your favorite tuna went from $2 to $1.98 and the guy there says, “Oh look at that – the price just plunged!” you wouldn’t really believe …

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Don’t Invent Income!

Seems like a no-brainer – why would anyone want to invent income? That just means you’ll have to pay tax, right? Not always, especially if the income is for a minor and is only a relatively small amount – say, enough to qualify for the maximum Roth IRA contribution, for example.

This is a follow-up to the article Open a Roth IRA for Your Child, where we talked about how beneficial it can be to set up one of these accounts for your child. One of the points we talked about in that article was how the account can …

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