Category: Investments

March 27, 2023 Off

The Tortoise and Your 401(k): Why Slow and Steady Investing Wins

The article advises investors not to panic during stock market downturns, drawing a parallel to “The Tortoise and the Hare.” It explains that retirement accounts like 401(k)s and IRAs are designed for long-term growth, with a shift towards less risky investments as retirement nears. Instead of selling during a slump, the article recommends continuing regular contributions, utilizing dollar-cost averaging, and checking in on your portfolio quarterly rather than daily. Consulting a financial planner and maintaining a long

January 15, 2023 Off

Investing Early: A Teen’s Roth IRA Could Be a Retirement Game-Changer

By The Admiral Staff

A reader is seeking advice on whether to encourage their 17-year-old grandson, who already saves half his paycheck, to invest in a Roth IRA. The financial advisor suggests it’s a good idea due to the potential for tax-free growth, noting that anyone with earned income can contribute (up to $6,000 in 2022 or $6,500 in 2023), and a custodial Roth IRA would be needed until he