Our site uses cookies to improve your visitor experience. By browsing our website, you agree to the use of cookies and agree to our privacy policy.
Investing
How would you evaluate your knowledge about investing? Take a deeper dive into investing by reviewing our articles that discuss a variety of topics, including college savings, mutual funds, stocks, portfolio diversification, IRAs, estate planning and more.
Common 529 plan myths include that the money can only go toward college tuition, families must contribute a certain amount, gift tax doesn't apply, there are no contribution limits, account ownership doesn't matter, and families can only open an account in their state of residence.
Grandparents can support their grandchildren's education by opening their own 529 college savings accounts or contributing to parent-owned accounts, but should be aware of gift tax limits and the potential impact on financial aid when making contributions.
When opening an investment account, you should understand the different types of accounts and their tax treatment, as well as research firms and fees to find one that aligns with your financial goals. You may want to consult a financial professional for guidance on selecting the right account type and provider for your needs.
Financial assets are contractual assets that derive their value from ownership claims. Examples of financial assets include stocks, bonds, mutual funds, cash, checking/savings accounts, and certificates of deposit.
To start investing in your 20s, begin by setting aside a portion of your earnings regularly into an age-appropriate diversified portfolio, consider tax-advantaged accounts like 401(k)s and IRAs, and automate contributions for consistency and long-term growth.
Anyone can contribute to a 529 college savings plan, even if they are not the account owner. This allows grandparents, relatives, friends, and others to gift money to a child's college fund.
Diversification, calculated risks, small investments, and multiple retirement options debunk common investment myths about needing lots of money, performance guarantees, 401(k) exclusivity, gambling, and individual stocks.
Four ways to start investing with little money are 401(k)s if offered by your employer, IRAs which allow annual contributions up to $7,000, taxable investment accounts that offer flexibility, and savings accounts that provide FDIC insurance.
Mutual funds aren't complicated. Learn all about mutual funds here and explore how they could help supplement your retirement savings — and help with diversification.
Learning investment terms is essential for navigating the world of finance and making informed investment decisions, enabling individuals to understand and participate in the complex realm of stocks, bonds, and other financial instruments with confidence.
Buying term and investing the difference means purchasing affordable term life insurance and investing the saved premium amount in other financial instruments to potentially grow wealth over time.
As the saying goes, don't put all your eggs in one basket. But could this also be true for investing? Portfolio diversification could help you manage risk and reach your financial goals.
0
Loading
at
is typing...
Ready to Continue?
You have clicked a link to access information on an external website, so you will be leaving westernsouthern.com.
When you select a link to an external website, you are subject to the privacy, copyright, security, and information quality policies of that website. The Western & Southern Financial Group:
DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked website;
DOES NOT endorse linked websites, the views they express, or the products/services they offer;
CANNOT authorize the use of copyrighted materials contained in linked websites;
IS NOT responsible for transmissions users receive from linked websites;
DOES NOT guarantee that outside websites comply with the accessibility requirements of Americans with Disabilities Act.
