Remove Investing Remove Stock Market Remove Taxes
article thumbnail

3 Critical Reasons to Avoid Investing in the Stock Market Right Now

The Motley Fool

The stock market has been on a wild ride the last few weeks, and many investors are feeling the whiplash from the sudden ups and downs. Despite how stomach-churning market downturns can be, they can also be fantastic buying opportunities. Many stocks are essentially on sale right now, making it a smart time to buy.

article thumbnail

Tax Expert Warns the 2024 Tax-Filing Season Could Be Complex. Here's What to Do About That Now

The Motley Fool

Image source: Getty Images Filing taxes isn't always a smooth process. But if you struggled with your tax return in 2023, Mark Steber, Chief Tax Information Officer at Jackson Hewitt , warns, "The upcoming tax-filing season will be yet another complex year." One thing you can do if you haven't already is max out your IRA.

Taxes 245
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Getting a Big Tax Refund? Here Are the 3 Smartest Things to Do With It

The Motley Fool

Image source: Getty Images Getting a tax refund isn't a given. Some people submit their taxes only to see that they owe money to the IRS rather than the other way around. Read more: we researched free tax software and put together a list of the best options here 1. You could end up exempting that much income from taxes.

Taxes 246
article thumbnail

April Is Here! 3 Stocks to Buy With Your Tax Refund

The Motley Fool

By the time the stock market next opens, April will be here. income taxes. Although in most cases, a refund simply represents a repayment of previously overpaid taxes, it still feels nice to get that cash back. With that month comes the standard April 15 filing deadline for U.S. Image source: Getty Images.

Taxes 246
article thumbnail

$7,000 Invested in These 3 ETFs in a Roth IRA in 2024 Could Turn Into More Than $120,000 of Tax-Free Retirement Savings

The Motley Fool

It's a common misconception that to build wealth in the stock market over the long term, you need to invest in a portfolio of individual stocks. While it's certainly possible to achieve superior returns with individual stocks, it isn't a requirement for building wealth. Here are three to consider.

Taxes 236
article thumbnail

Should You Invest Your Retirement Savings in CDs?

The Motley Fool

From there, you may have to shift to a strategy that centers on investing anyway -- so you might as well get started now. See, in the long run, the stock market is likely to deliver a much higher return on your money than CDs. Meanwhile, if you fund a traditional IRA or 401(k) plan , your contributions get to go in tax-free.

Investing 246
article thumbnail

You Can Outperform 98% of Professional Fund Managers by Using This Simple Investment Strategy

The Motley Fool

Not to mention, you'll have proven to have the investment chops to take on more assets, earning more money in the future. You don't need an MBA or to work 80 hours a week studying the markets. In real life, investors have to pay taxes. And more often than not, active mutual funds are very tax-inefficient.