The U.S. annual inflation rate reached 8.6% in May 2022, a 40-year high. The Federal Reserve has been on a path to raise interest rates … [Read more...]
A Custodian Roth IRA for the Teen in Your Life?
My teenager has a summer job! It is time to consider opening a custodian Roth IRA for him/her. It is a great way to teach young people … [Read more...]
Roth IRA Conversion in a Bear Market
In a bear market, traditional IRA accounts holding individual stocks may have a number of depressed securities. For tax purposes, this … [Read more...]
The Power of Compounding and the Benefit of Starting Young
Consistent growth over a long period of time, or compounding, can produce astonishing results. If you invested $10k in S&P 500 index in 1957, when … [Read more...]