The Motley Fool

JULY 17, 2023

That's why the IRS imposes a 10% penalty on distributions made before age 59 1/2, on top of applicable income taxes. Then, there's the potential for stock market volatility. Short-term market fluctuations shouldn't matter when you're investing for the long haul. Ideally, your budget leaves room for enjoying life.

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The Motley Fool

SEPTEMBER 4, 2024

It's 6% of the total stock market by valuation. What we're talking about here is that the overall influence on the stock market from Nvidia's report tomorrow comes from a relatively teeny slice of revenues. In 2000, I launched 403bwise, and the whole goal of the website is education and advocacy. Dan Otter: Sure.

Education 246

Education Mutual Funds Taxes Assets 246

The Motley Fool

MAY 4, 2024

In addition to valuation concerns , market conditions, and wanting to build up the cash position, Buffett also mentioned the federal rate on capital gains, which Buffett said is 21% compared to 35% not long ago and even as high as 52% in the past.

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Taxes Conglomerates Education Banks 246

The Motley Fool

MARCH 30, 2024

Image source: Getty Images When you're saving for a far-off goal, it's usually a good idea to put your money into stocks, as opposed to keeping it in cash in the bank. That's because the stock market has a long history of delivering solid returns -- much higher returns than savings accounts and certificates of deposit (CDs).

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Banks Accounting Education Stock Market 246

The Motley Fool

SEPTEMBER 25, 2023

This article is intended for educational purposes only and is not legal advice. The closer you get to retirement, the less time you have for your investments to recover from stock market turbulence. You can have both, too, and a financial advisor or tax expert can help you make an informed choice.

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The Motley Fool

JUNE 17, 2023

The big question is, if you're devoting so much of your money toward paying back your educational loan, what should you do with the rest of your cash? Your student loan interest is probably tax-deductible, and the rate you are paying on these loans may be below the rate on other debt you'd take on (such as credit card debt).

Debt 245

Debt Education Taxes Accounting 245

The Motley Fool

JUNE 14, 2023

The S&P 500 is a good yardstick for stock market investments. You're not alone -- many of us weren't thinking about retirement when we were in our 20s and trying to get an education, get a foot on the career ladder, or just enjoy our youth. But it might mean you have to do more heavy lifting to get there.

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Taxes Accounting Education Banks 246

The Motley Fool

MAY 5, 2024

You could find your net worth increasing by tens of thousands or even hundreds of thousands of dollars in just a few months, depending on how the stock market performs. Don't discount the tax savings you can receive by using other retirement accounts like an IRA , as well.

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Liabilities Debt Education Assets 246

The Motley Fool

MAY 4, 2024

That's because the stock market, historically, has delivered considerably higher returns. You won't pay state or local taxes on your interest income It's not just the federal government that can go after your income. More money in your pocket.

Education 130

Education Taxes Investing Debt 130

The Motley Fool

MAY 20, 2024

Even with a decent income, I can't cover my household's costs of living and two kids' college educations at the same time, just from a paycheck. I've since contributed to those accounts every year, generally striving to max out my state's tax deduction over the course of a year. This is because the market can fall as well as rise.

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Portfolios Mutual Funds Education Taxes 130

The Motley Fool

DECEMBER 26, 2023

I remain optimistic when it comes to the stock market's ability to build wealth over the long haul. Even with that perspective firmly in place, I plan to pull more money out of stocks in 2024 than I will be investing into stocks. This is because even the stocks of strong companies can be volatile.

Education 130

Education Mutual Funds Taxes Prospects 130

The Motley Fool

NOVEMBER 15, 2024

We also got some commentary from Shopify President Harvey Finkelstein, about just how the company is helping its merchants with taxes, how wonderful what are your highlights from the quarter? If the answer is no, then maybe that suggests you should cut it back a bit, especially if it's in an IRA and there are no tax consequences.

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Taxes Education Debt Accounting 246

The Motley Fool

JUNE 27, 2023

Image source: Getty Images If your goal is to save enough money for college to cover your kids' education in full, then you may need to pump a bundle of cash into a 529 plan. And it could easily take a six-figure 529 balance to leave your kids without any educational debt. College costs have risen a lot over the past few decades.

Education 130

Education Funds Accounting Taxes 130

The Motley Fool

JANUARY 3, 2025

I was listening back to my Mailbag last year at this time, and I said, and I quote, "And maybe just maybe in 2024, the stock market will do as well as it did this year." I said I'll take that every year last year and concluded by saying, "Hey, I think the market's going up next year." It is a momentous time.

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Portfolios Investing Mutual Funds Taxes 130

The Motley Fool

JUNE 16, 2023

Image source: Getty Images When you think about investing, your mind probably jumps straight to the stock market. But there are all kinds of investments at all stages of life -- whether it's buying a house, investing in education and training, or putting cash into an IRA. Here are a few to check out. The best thing?

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Mutual Funds Taxes Investing Exchange-Traded Funds 130

The Motley Fool

JANUARY 6, 2024

You could open a brokerage account or, if you want the greatest tax advantages, you could use a retirement account. More : Our picks for the best credit cards Many retirement accounts, like traditional IRAs and 401(k)s, enable you to defer taxes until you withdraw the money in retirement.

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Education Debt Taxes Accounting 130

The Motley Fool

AUGUST 9, 2023

return on your money may be nice, the stock market's average return over the past 50 years, as measured by the S&P 500, has been 10% before inflation. Also, a savings account won't give you any sort of tax break on your money. Also, a savings account won't give you any sort of tax break on your money.

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Accounting Taxes Banks Education 130

The Motley Fool

APRIL 5, 2024

The financial markets are notoriously volatile, and while the potential for high returns exists, so does the risk of significant losses. Day trading requires an in-depth understanding of stock market trends, the ability to make quick decisions, and an emotional resilience that many adults struggle to maintain.

Education 130

Education Financing Finance Stakes 130

The Motley Fool

FEBRUARY 6, 2024

Once I achieve that goal, I intend to open a tax-advantaged retirement account and start making regular contributions. The sooner you save for retirement, the better In a perfect world, I would've gotten a higher-paying job right out of school and been able to pay off my education and have plenty left over to invest for retirement.

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Taxes Education Exchange-Traded Funds Accounting 130

The Motley Fool

MARCH 18, 2024

That extra cash should be earning you some interest, investment gains, tax benefits, or other perks! And if you're a high earner in a higher tax bracket, you might want to max out your 401(k) with up to $23,000 for 2024 ($24,000 for people aged 50 and over). This is a great way to get a tax break and save more for retirement.

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Accounting Taxes Banks Education 130

The Motley Fool

JUNE 7, 2024

The stock market's average annual return, which has been 10% over the past 50 years. If you have money you're saving for a far-off goal, like your toddler's college education, then a brokerage account may be a far better bet than a CD because you have the potential to earn a lot more money. You know what's even more impressive?

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Taxes Accounting Education Banks 130

The Motley Fool

MARCH 30, 2024

You could earn a much better ROI in the stock market than paying off, say, a 3% mortgage. You also get tax breaks for a 401(k) contribution, as you won't pay taxes on the money you invest in this account. A Roth IRA doesn't come with an upfront tax deduction the year you invest. A 401(k) match is free money.

Taxes 130

Taxes Education Accounting Debt 130

The Motley Fool

DECEMBER 13, 2023

In recent years, I've managed to max out my retirement plan, and I hope to do the same in 2024 -- both for the benefit of growing my nest egg and shielding some income from taxes. I also hope to invest more for my kids' college education. But one goal I don't have for 2024 is boosting my emergency fund.

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Education Funds Banks Accounting 130

The Motley Fool

JUNE 26, 2023

Image source: Getty Images There's a reason savers get a tax break in the course of funding an IRA. The IRS wants to encourage workers to set money aside for retirement, so traditional IRA contributions go in tax free. First of all, if you remove funds from a traditional IRA, you'll pay taxes on them.

Taxes 130

Taxes Education Accounting Debt 130

The Motley Fool

MARCH 6, 2024

Savers who put money into traditional IRAs and 401(k)s get a nice tax break. Contributions up to an annual limit exempt some of your earnings from taxes, so if you fund one of these accounts, you get to not only set money aside for retirement, but pay the IRS a little less. You can also tap an IRA early to pay for higher education.

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Accounting Taxes Education Funds 130

The Motley Fool

JANUARY 17, 2025

Dave, at the age of 28, was savvy enough that he had a CPA, so he was an accountant, but he had very little experience with the stock market. What would you say to that person who is just now getting excited about investing in the stock market with maybe 100 or an extra 200 bucks a month? I got one from Goldman Sachs.

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Million Dollar Round Table (MDRT)

JANUARY 15, 2023

They might commit money to the stock market every month through dollar cost averaging, or they might start saving toward their children’s college educations. As Tax Day looms, they need to gather monthly account reports and tax reporting statements to enable their accountant to organize and file their tax return.

Education 98

Education Taxes Accounting Stock Market 98

The Motley Fool

OCTOBER 24, 2023

The macro picture is a great stock picker as well, and understands credit. I think there are a few things to consider here for those who like to invest in the stock market that he would grant are entirely true. Another one is Publication 970 which talks all about the tax benefits for education.

Education 130

Education Mergers and Acquisitions Taxes Exchange-Traded Funds 130

The Motley Fool

JANUARY 25, 2024

Up next, Robert Brokamp and Alison Southwick are going to tackle some of those questions that you sent in about saving for kids, taxes and trading, and a little known savings account. Because in most years, stocks outperform cash. The sooner you get the money into the stock market, the better off you'll be.

Investors 130

Investors Taxes Banks Education 130

The Motley Fool

SEPTEMBER 17, 2024

Approximately 60% of women invest in the stock market -- and they're great at it. Why women are better at investing than men The financial news headlines are often full of self-proclaimed stock market experts and hotshot investors who take big risks and make noisy boasts.

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The Motley Fool

AUGUST 6, 2023

The good news is that you're allowed to take Roth IRA withdrawals penalty-free to cover the cost of higher education. The rules here can be a little different with Roth IRAs, since these accounts are funded with after-tax dollars. And remember, it's not just your principal withdrawals you'll be down.

Education 130

Education Accounting Taxes Funds 130

The Motley Fool

MAY 1, 2024

One, don't put any money into the stock market that you need in the next say, five years. Don't put any money into stocks that you can't afford to lose period. But generally speaking, the market's overall are going to go up over time. A portfolio of stocks is going to do well over time. Robert Brokamp: Exactly.

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Mutual Funds Investing Accounting Education 130

The Motley Fool

SEPTEMBER 9, 2024

Then what you'll also notice, if you move from higher paying jobs to lower paying jobs or your work less, you'll see that your taxes will drop significantly too. I'm just going to really focus on the benefits of donating appreciating stock. Therefore, you don't really realize any capital gains and don't have to pay taxes.

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Taxes Education Accounting Assets 130

The Motley Fool

FEBRUARY 14, 2025

You need to make an educated forecast of how much $100,000 will grow by retirement if it's left untouched. Historically, the stock market has averaged around 10% annually, but a more conservative estimate of 7% is often used for long-term planning. Open an IRA today to start building wealth.

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Debt Education Accounting Taxes 130

The Motley Fool

AUGUST 14, 2023

Our five themes of financial freedom in this podcast are frugality, extra effort, starting the journey, Foolish moves, and educating others. To get started investing, check out our quick-start guide to investing in stocks. 10 stocks we like better than Walmart When our analyst team has an investing tip, it can pay to listen.

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Education Taxes Accounting Financing 130

The Motley Fool

MAY 28, 2024

Bill Mann: It's funny because stock buybacks are thought to be a very efficient way to return cash to existing shareholders in the form of there's not much in the way of tax, and every share of stock you should think of as being a perpetual claim on earnings and assets of a company. Why are they so curious about this, Bill?

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Taxes Accounting Education Shareholders 130

The Motley Fool

MARCH 26, 2024

New York Community Bank, if you're not familiar, the stock has pretty much flatlined for the past 10 years until this recent decline from about 2000-2014, they were a 40-bagger. They were one of the best-performing stocks, not just in banking, but in the entire stock market, and the way they did it was a really disciplined approach.

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