The Motley Fool

JANUARY 3, 2025

In this Rule Breaker Investing podcast, Motley Fool co-founder David Gardner highlights multigenerational money lessons and celebrates that it's never too late to start making smarter, happier, and richer choices. To get started investing, check out our beginner's guide to investing in stocks. Where to invest $1,000 right now?

Portfolios 130

Portfolios Investing Mutual Funds Taxes 130

The Motley Fool

DECEMBER 11, 2024

Should you invest $1,000 in Adobe right now? if you invested $1,000 at the time of our recommendation, youd have $827,780 !* billion in RPO and cash and short-term investments of $7.89 For more information on those risks, please review today's earnings release and Adobe's SEC filings. We exited the year with $19.96

Education 243

Education Leveraging Taxes Portfolios 243

The Motley Fool

AUGUST 28, 2023

And while you will not get a tax deduction for investing in one in the year you contribute to it, you get to take tax-free withdrawals during your retirement. Unfortunately, not everyone can invest in a Roth IRA. You can also use an online calculator since MAGI doesn't actually appear on your tax return.

Taxes 246

Taxes Investing Education Accounting 246

The Motley Fool

JULY 29, 2023

Going to college comes with many perks, but it can be one of the biggest investments you may make for your or your child's future. When it comes to saving, you can stick to the traditional education savings plans, or you can explore other accounts that give you the flexibility to save beyond college.

Education 246

Education Exchange-Traded Funds Taxes Accounting 246

The Motley Fool

DECEMBER 15, 2024

Professional fund managers tend to be highly educated, hard-working, and extremely smart. The strategy will produce after-tax returns better than about 98% of actively managed mutual funds over the long run. But it's a lot harder to maneuver in the market and generate high returns when you have a lot of capital to invest.

Mutual Funds 240

Mutual Funds Funds Taxes Investing 240

The Motley Fool

MARCH 27, 2024

Custodial Roth IRA One of the best places to invest your child's earnings is in a custodial Roth IRA. The beauty of a Roth IRA lies in its tax structure. Contributions are made with after-tax dollars, but the account's growth and withdrawals are tax free under current laws.

Accounting 246

Accounting Education Taxes Consulting 246

The Motley Fool

JUNE 19, 2023

529 plans are a tax-advantaged way to save for higher education, but the penalty for making non-qualified withdrawals can be a huge headache for those who don't use all the money they've accumulated on schooling. The loan must've been disbursed within 90 days of the date the education costs were paid.

Education 246

Education Taxes Accounting Debt 246

The Motley Fool

JANUARY 6, 2024

These plans are specifically designed for saving for education expenses. Initially, 529 plans could only be used to cover the costs of college and higher education. The best thing about 529 plans is that they're tax-advantaged. You can't deduct contributions to a 529 plan from your federal income taxes.

Education 243

Education Taxes Accounting Funds 243

The Motley Fool

SEPTEMBER 20, 2023

Image source: Getty Images Saving for my kids' college education is important to me. I'm not getting any tax benefits from my regular brokerage account, but I get flexibility. But having extra money in a 529 plan can still be annoying, because you'll face penalties on non-educational withdrawals.

Education 246

Education Funds Taxes Accounting 246

The Motley Fool

JULY 24, 2023

That's why it's important to not just save for college, but invest your money. The money you put into a 529 will not result in a federal tax break, but your state might offer some tax incentives, particularly if you invest in a plan sponsored by your state. Image source: Getty Images The cost of college keeps rising.

Education 246

Education Taxes Accounting Funds 246

The Motley Fool

OCTOBER 27, 2024

So you may be motivated to save for college as best as you can while your children are young, and you may decide to use a 529 plan to fund their education. You can typically withdraw funds from a 529 plan to pay for educational supplies like computers and books, plus room and board at college.

Education 246

Education Prospects Taxes Accounting 246

The Motley Fool

DECEMBER 2, 2023

The 401(k) is a cornerstone of retirement planning -- it's tax-friendly, hands-off, and convenient. Contributions to a traditional IRA may be deductible, and earnings grow tax-deferred until you take withdrawals in retirement. Contributions to a Roth IRA are made with after-tax money, and withdrawals are tax-free in retirement.

Taxes 246

Taxes Mutual Funds Education Exchange-Traded Funds 246

The Motley Fool

DECEMBER 9, 2024

If youre worried youve already missed your chance to invest, now is the best time to buy before its too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, youd have $369,349 !* Apple: if you invested $1,000 when we doubled down in 2008, youd have $45,990 !*

Education 242

Education Professional Services Leveraging Accounting 242

The Motley Fool

AUGUST 5, 2023

You've spent your adult life diligently working, saving, and investing, and now you want to ensure the fruits of your labor benefit your children and grandchildren. It stands to reason that sensible spending, saving, and investing habits are more likely to take hold among them if they're modeled by you. Start by setting a good example.

Education 246

Education Consulting Consultants Debt 246

The Motley Fool

FEBRUARY 13, 2025

If youre worried youve already missed your chance to invest, now is the best time to buy before its too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, youd have $340,048 !* Apple: if you invested $1,000 when we doubled down in 2008, youd have $44,908 !* Librela's U.S.

Education 243

Education Taxes Leveraging Portfolios 243

The Motley Fool

JULY 19, 2023

Invest in yourself Your earning potential is one of your greatest assets. In your 40s and 50s, it's important to continually invest in yourself by upgrading your skills, taking courses, or returning to school. Education isn't just for the young -- it's a lifelong process. So, don't underestimate the power of learning at any age.

Education 243

Education Assets Accounting Taxes 243

The Motley Fool

JUNE 22, 2024

They each share common benefits but have noteworthy tax-break differences. You contribute after-tax money into a Roth IRA, and in turn, you get to take tax-free withdrawals in retirement. This allows your money to grow and compound without a tax bill waiting for you down the road.

Accounting 240

Accounting Taxes Education Finance 240

The Motley Fool

OCTOBER 24, 2024

There are different kinds of college savings plans, but all states except Wyoming offer these types of investment accounts. These funds can be invested and ultimately withdrawn tax-free. Parents try to start saving as early as possible and take advantage of the effects of long-term, tax-free compounding.

Taxes 240

Taxes Education Accounting Funds 240

The Motley Fool

JUNE 18, 2024

Roth IRAs are a hit among savers because you can pay your tax bill upfront and enjoy tax-free income later. This can be a perfect setup for your child since they are typically in a lower tax bracket when they are younger. But if your child invests the money and earns an 8% return, they could have a Roth IRA worth over $1.9

Taxes 246

Taxes Education Legal Accounting 246

The Motley Fool

AUGUST 13, 2023

You contribute after-tax dollars to a Roth IRA, but withdrawals are free in retirement if you meet other requirements. Money received can also be counted toward your annual income, increasing your tax bill. You don't have that problem with an IRA because you can invest in any single stock or exchange-traded fund your heart desires.

Accounting 246

Accounting Taxes Exchange-Traded Funds Education 246

The Motley Fool

AUGUST 9, 2024

There's no clear answer to that question, but I can make several educated guesses, based on Buffett's past behavior and Berkshire's historical patterns. Buffett was referring to talk in Washington about the capital gains tax rate going up, though there are no specific plans to raise it. Here's a closer look.

Stakes 246

Stakes Taxes Conglomerates Banks 246

The Motley Fool

JULY 26, 2023

The National Center for Education Statistics notes that there were 2 million high school dropouts aged 16 to 24 in the U.S. According to data from the Education Data Initiative, roughly a quarter of full-time first-year college students drop out of college -- and among part-time first-year college students, more than half do.

Education 237

Education Consulting Consultants Banks 237

The Motley Fool

FEBRUARY 12, 2024

Saving money for retirement while simultaneously getting tax breaks is a 2-for-1 benefit that can work wonders for retirees. In a Roth IRA , your tax break comes in retirement. To begin, you have lots of investment options with an IRA. Few resources can help get you as financially prepared for retirement as retirement accounts.

Taxes 246

Taxes Exchange-Traded Funds Education Accounting 246

The Motley Fool

JUNE 9, 2024

A Roth IRA is a retirement account where contributions are made with after-tax dollars now in exchange for tax-free dollars during retirement. Since most children are in a lower tax bracket, a Roth IRA makes sense for tax purposes. Make sure you do your research before selecting investments for your portfolio.

Taxes 230

Taxes Education Accounting Stakes 230

The Motley Fool

SEPTEMBER 13, 2023

A not-for-profit organization counts if they are tax-exempt under Section 501(c)(3) of the Internal Revenue Code and/or whose primary function is to provide certain services, including but not limited to the following: Emergency management. Early childhood education. Public education. Law enforcement. Public safety.

Education 246

Education Taxes Debt Returns 246

The Motley Fool

JULY 1, 2023

This program enables you to have any remaining loan balance forgiven after 120 qualifying payments (and the forgiven debt is not taxed). For many more years, you will be obligated to send in payments on your educational debt. This could lead to a hefty tax bill. and Walmart wasn't one of them!

Debt 246

Debt Taxes Education Returns 246

The Motley Fool

AUGUST 20, 2023

The upside of a 529 plan is that you get to enjoy tax-free gains on your investments. With a regular brokerage account, gains are taxed year after year. But if you take a withdrawal from a 529 plan for non-education purposes, you'll get penalized 10% on the gains portion of your account.

Taxes 246

Taxes Education Accounting Investing 246

The Motley Fool

FEBRUARY 25, 2024

What makes a Roth different than a traditional IRA is that your contributions are not tax-deductible, but you won't be taxed on your withdrawals. In other words, your money grows tax-free. That allows you to give as much time for your portfolio to compound and grow (again, tax-free) as you want.

Taxes 246

Taxes Education Consulting Consultants 246

The Motley Fool

AUGUST 14, 2023

Lowering your current tax bills and postponing taxes on gains made within a retirement account means you've got more money to put to work right now. The IRS's form 8606 must also be filled out for the tax year in which you put this non-deductible contribution into the retirement account in question. It's a no-brainer.

Taxes 246

Taxes Education Accounting Funds 246

The Motley Fool

MAY 20, 2024

The program is paying out more in benefits than it's receiving from taxes and other income sources, which has led to a deficit. Bureau of Labor Statistics releases third-quarter inflation data later this year, so the SSA's estimates are simply an educated guess. That said, they are the most accurate educated guess available right now.

Funds 246

Funds Education Taxes Portfolios 246

The Motley Fool

MAY 4, 2024

Image source: Getty Images In 2022, when inflation was soaring and consumers were racking up credit card debt left and right just to stay afloat, there was a teeny tiny silver lining -- the interest rate on I bonds rose tremendously, making them an attractive investment. Indeed, other vehicles could put more money in your pocket than I bonds.

Education 130

Education Taxes Investing Debt 130

The Motley Fool

MARCH 29, 2024

Or they inherited privileges -- education, connections, social capital -- that enabled them to make more money. Paying taxes is the worst thing to happen to anyone ever" Taxes buy civilization. I'm grateful to pay taxes. I keep voting to raise my taxes, but no politician will.

Taxes 246

Taxes Startups Education Finance 246

The Motley Fool

JULY 2, 2024

It's easier to save and invest when your finances are in order. Also, set up automatic transfers to your investment accounts to ensure consistent contributions. If your income is under a certain threshold , you can contribute after-tax dollars to a Roth IRA and receive tax-free income during retirement.

Exchange-Traded Funds 243

Exchange-Traded Funds Taxes Debt Finance 243

The Motley Fool

JULY 4, 2023

The answer, it turns out, may depend on your tax bracket. It's completely free and we guarantee you'll learn something new every day. It's a quandary worthy of Shakespeare: Are we, or are we not, in a recession? The unemployment rate still hovers around historic lows, inflation is finally falling, and GDP keeps ticking up.

Education 246

Education Banks Taxes Capital 246

The Motley Fool

JUNE 7, 2024

However, with discipline, consistency, and education, you still have a shot at getting closer to the million-dollar mark before you hang up your working shoes. Many employers offer retirement plans like a 401(k) to help you save in a tax-advantaged way. if you invested $1,000 at the time of our recommendation, you’d have $741,362!*

Exchange-Traded Funds 242

Exchange-Traded Funds Taxes Accounting Education 242

The Motley Fool

MARCH 6, 2024

Duolingo (NASDAQ: DUOL) operates the world's largest digital language education platform. Duolingo is transforming education An estimated 2 billion people are learning a foreign language worldwide. It already had a separate education app for math learners, and it also launched a music learning platform last year.

Education 246

Education Amortization Depreciation Earnings Before Interest 246

The Motley Fool

SEPTEMBER 17, 2024

There's always an early withdrawal penalty with IRAs and 401(k)s IRAs and 401(k)s are tax-advantaged retirement accounts. They offer tax benefits you don't get with regular brokerage accounts. The tradeoff for the tax savings is that you need to wait until age 59 1/2 to make withdrawals, as there's a 10% penalty for early withdrawals.

Taxes 246

Taxes Education Accounting Finance 246