If you’ve just begun to dip your toe into the investment waters of foreign equities and currency exchange markets, you may be nervous about how global economic conditions are affecting your short-term profit margins. In a volatile market, how can you take advantage of good sales without unduly risking your capital? And what can you do to prevent yourself from acting on panic or dismay as markets take a nosedive? Read on to learn more about how forex indicators can help you make wiser, more scientifically-based investment decisions when purchasing foreign equities.…
Many financial advisors recommend that you begin saving for your retirement in your 20s because you’ll benefit from decades of compound growth, save money on taxes, and maximize the amount of employer contributions you capture. However, it’s common for young adults to put off saving for retirement because it’s an event that is so far into their future. The fact is, if you’re in your 20s, you should start saving for your retirement immediately – you’ll be thankful that you started early when you reach retirement age.…
Some tax filers are not able to directly fund a Roth individual retirement account because their income is too high. Individuals with too much income to directly fund a Roth IRA may contribute to a nondeductible traditional IRA and then roll those funds over to a Roth account.
Contributions to a traditional IRA are not always fully tax-deductible, so many accounts consist of both pre-tax and after-tax amounts. When a traditional IRA is initially opened, it is not designated as deductible or nondeductible.…
