What’s Better Than Buying The Dip? This Strategy, It Turns Out

If you were sent back in time 40 years and had the option of either investing $100 in the S&P 500 every month for the next 40 years (dollar cost averaging) or saving $100 each month and, having the ability to know when the market was at an absolute bottom between two all-time highs, only invested when the S&P 500 was in a dip (buying the dip), which approach would you be better off choosing? The prevailing wisdom is that buying the dip is superior – but, according to a recent study, that prevailing wisdom is wrong. For more, CLICK HERE.

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The Importance Of – And How To Achieve – Income Alpha

2017-09-24 12_35_24-Free stock photos of ABC · PexelsIn the quest to achieve alpha in the markets, don’t neglect the importance of achieving alpha with your income, advises the author of today’s article. He states that “saving more is often your best investment decision and the best way to supercharge your savings is to earn more money” – and provides a simple example to show just how big of an impact saving part (or all) of a raise can have on your bottom line. But how can you go about securing that raise in the first place? The author outlines some considerations in that regard – and what you can do even if your efforts are unsuccessful. CLICK HERE.

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Why This “Do-Over” Tax Trick May Prove To Be Particularly Useful This Year

2017-02-26 16_54_34-Black Calculator Near Ballpoint Pen on White Printed Paper · Free Stock Photo“It’s about the only tax do-over you can get,” states today’s article of the tax trick highlighted. The trick in question? Converting a traditional IRA (and its pre-tax savings) to a Roth IRA (with after-tax savings) – a conversion that comes with the option to change your mind and undo it. The author notes that this do-over option might be particularly useful this year as Washington works on tax reform “that could wipe out the advantages of a conversion or make it cheaper to convert in another year or two rather than now.” To read more about Roth IRA conversions and the mechanics of a do-over, CLICK HERE.

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Securing Your Financial Future In Your 40s

2016-04-21 18_08_40-Microsoft Solitaire Collection“The kids are old enough to drive themselves to band practice, and you’re planning an anniversary getaway with your spouse. Life is good. But college bills loom, and you’re neglecting your retirement accounts as you sock away money for college.” Today’s article outlines “4 aggressive moves” you can make in your 40s to help achieve long-term financial security. Why does the author recommend starting contributions to a Roth IRA if you haven’t already? Why might putting off saving for retirement in favor of helping to finance your children’s college education be a bad idea? Why might it be wise to ensure you remain (or become) “technologically nimble”? CLICK HERE to read more.

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Save $1 Million With Minimal Sacrifice?

2016-03-16 13_28_31-Microsoft Office Picture Manager“It’s no secret that Americans need to save more. The issue – at least in part – is that saving requires sacrificing some of today’s wants in favor of tomorrow’s needs.” Would you like to save $1 million with minimal sacrifice? Is that even possible? Today’s article outlines one approach where it might be: saving future income. Specifically, the author highlights one analysis which involved saving half of every raise and all of each annual bonus, leading to the $1 million outcome. To read more about this strategy, including how you can give yourself a raise even if you don’t get one from your boss, CLICK HERE.

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