ACTION POINT
TAKE ADVANTAGE OF THE HIGHER INTEREST RATES AVAILABLE IN CASH
TAKE ADVANTAGE OF THE HIGHER INTEREST RATES AVAILABLE IN CASH
CASH COUNTS
- Best performing asset class 2018
- 3 month T bills +1.9%
- Cash can provide a positive return
- Competitive rates available
RAISE YOUR OWN RATES
- Higher rates available than savings accounts at commercial banks and most brokerage firm cash accounts
YIELD BOOSTERS
- Savings accounts at online banks offer +2% yields, Federally insured up to $250,000
- Short term U.S. Treasury yields are +2%<
NO MATTER HOW TEMPTING, AVOID MARKET TIMING
NO MATTER HOW TEMPTING, AVOID MARKET TIMING
MISSING OUT
- If out of U.S. stock market for 25 best days between 1970 and 2015 returns reduced from +1,910% to +371%
- If out of UK stock market for just 2 quarters since 1900 cumulative real returns reduced by + 50%
- If out of U.S. market for just 2 quarters since 1900 returns reduced by + 66%
THINK ABOUT YOUR VALUES AND HOW YOU CAN APPLY THEM IN SOME OF YOUR PORTFOLIO
THINK ABOUT YOUR VALUES AND HOW YOU CAN APPLY THEM IN SOME OF YOUR PORTFOLIO
- Many Socially Responsible Choices:
- -Industries to invest in or not to invest in
- -Companies involved in activities you believe in
- -Companies with best management practices
- -Companies having an impact on underserved communities or countries
TAKE FULL ADVANTAGE OF TAX DEFERRED SAVINGS PLAN
TAKE FULL ADVANTAGE OF TAX DEFERRED SAVINGS PLANS
2019 ALLOWED CONTRIBUTIONS RISING
- 401(k) OR SIMILAR WORKPLACE RETIREMENT PLAN:
- $19,000 for under age 50
- $6000 catch-up contribution for age 50 or older remains the same
- INDIVIDUAL RETIREMENT ACCOUNTS – I.R.A.’s:
- $6000 for under age 50
- $7000 for age 50 or older
-
- HEALTH SAVINGS ACCOUNTS – H.S.A.’s:
-
- $3500 for under age 55
- $1000 catch-up contribution for age 55 or older remains the same
- HEALTH SAVINGS ACCOUNTS = TRIPLE TAX BENEFIT
- tax-free contribution
- tax=free growth
- tax-free withdrawals
Watch the related WEALTHTRACK episode.
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