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Investing Archives - Page 17 of 18 - Wealthspire | Page: 17

Apr 18 2018
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college savings

An Unconventional College Savings Account

By Blog
If you are looking to set money aside for your child or grandchild’s education you are likely considering a 529 plan, a custodial account, or possibly a trust. Each of those accounts have positive and negative qualities, but there is another option for college savings that is a bit unconventional – a Roth IRA. I am a big fan of Roths and I have previously written how individuals over the income limit can fund an account annually via a backdoor contribution. Roths offer tax-free growth, virtually unlimited investment options, and tax-free withdrawals if you are over age 59.5. Nine times…
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Mar 30 2018
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health savings accounts

Strategies for Use of Health Savings Accounts

By Blog
Health Savings Accounts (HSAs) are an increasingly popular way to pay for healthcare expenses, especially as employers continue to look to shift ever rising insurance costs onto their employees.  Why are they popular? Because they are a fairly easy way to save for medical expenses while reducing your taxable income at the same time. General Rules for Health Savings Accounts So how can you qualify for an HSA? If you are enrolled in a high-deductible health insurance plan (HDHP) as defined by the government, you can qualify for an HSA. For 2021, the Internal Revenue Service (IRS) defines a HDHP…
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Feb 07 2018
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cryptocurrency

The Cryptocurrency Question

By Guides & Whitepapers
A very common financial question that we have been asked before relates to Bitcoin1 (or any type of other cryptocurrency). Is it real? How is it valued? Should we invest in it? Can it keep going up in price? The answers to these questions are not easily answered, are complex, and are dynamic over time. To start, Crypto comes from the Greek Kruptos, which means “hidden.” Because of the complexity of the subject matter, we would prefer to hide from making an opinion on cryptocurrencies in general. However, they (and the technology surrounding them) are increasingly relevant in our world…
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Jan 31 2018
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donor advised funds investing

Common Investing Mistakes to Avoid

By Blog
When the markets experience such a positive year, as they did in 2017, investors rejoice in their smart asset allocation and strategy. But good market years make even the rookie investor look savvy. But investing is a long game – investment strategies that grow your income and wealth over a 40-year period require calm, sober patience. While investing mistakes are common, most are completely avoidable with the proper advice and guidance of a wealth manager or financial advisor. No matter how well your portfolio performed in 2017, consider these common investing mistakes. Mistake 1: Investing without a plan Without a…
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Oct 17 2017
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investment goals

Reaching Your Long-Term Investment Goals: Get Started with a Roadmap

By Blog, Guides & Whitepapers
You are interested in a Long-Term Investment Strategy but not sure where to start. Good! This is for you. Throughout the journey of our professional careers, we will encounter many major decisions, some of which we are more prepared for than others. Depending on your background and interests, you may understand that you need a plan for long-term investment goals, but do not know where to start. If so, know that you’re not alone. To build confidence in your plan, it is important to understand that building wealth through a long-term investment strategy is a journey with many options, detours,…
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Aug 07 2017
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end life planning

Pearls of Wisdom: A Retrospective on 30 Years of Professional Investing

By Blog
On July 1, 1987, I started work as an investment advisor. Frankly, I wasn’t too happy about it, having planned on taking the summer off after graduating from business school. The Dow Jones Industrial Average was at 2,418.53, and the S&P 500 was at 302.94. The 30-year Treasury rate was about 8.75%. Those numbers are not typos, if Google is telling me the truth. Of course, we didn’t even have PC’s on our desks, and Google was a noise you made when trying to entertain a baby. In fact, Larry Page and Sergei Brin were both just 14 years old.…
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Jul 03 2017
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Saving & Investing When You’re Just Starting Out

By Blog
Congratulations! After all the classes, exams, late nights, early mornings, interviews (so many interviews) you actually get to start the career you’ve spent the majority of your life working towards. In addition to the million things you need to keep track of at your first “real” job, you also need to start thinking about putting your financial house in order. You might be thinking: That sounds good, I want to do that – I like the idea of order in my finances. But, what does that really even mean? There are so many terms: Roth, W-4, 1099, dollar cost averaging,…
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Jan 19 2017
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margin

The Many Uses of Margin Loans

By Blog
Margin refers to an investor’s use of leverage relative to his or her own assets. In other words, it’s “borrowing from your broker,” with your portfolio assets serving as collateral for the loan. How it Works Per the Federal Reserve's Regulation T, each marketable security in your investable account is given a “maintenance rate” which stipulates the maximum borrowing rate. For example, a maintenance rate of 50% indicates that an investor can borrow up to half of the security’s value. Note that retirement accounts are not eligible to be margined. Once you have activated the ability to take margin on…
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Oct 24 2016
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donor advised funds investing

What Should I Do With My Old 401(k)?

By Blog
It’s a question that comes up often – what should I do with my old 401(k)? There is no one-size-fits-all answer, and responses provided by financial advisors will be increasingly scrutinized if the Department of Labor’s (DOL) fiduciary rule is enacted. The rule mandates that advisors providing retirement advice act in the best interest of the client, which is called a fiduciary responsibility. The purpose is to protect retirement funds from professionals looking to profit at the expense of investors’ interests and ensure that the advice investors receive is right for them. Wealthspire Advisors, which has been a fiduciary since…
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