I’ve talked about diversification quite often in blog posts over the years. Most of that diversification talk has centered around investing in different types of investments, such as having a mix of stocks and bonds or investing in different market sectors. However, today I want to talk about diversifying the places where you actually put your money. You’re probably well aware that there limitations on how much you can contribute to an IRA or 401(k). So, what do you do if you have extra money? Well, you could put the money in a savings account or another IRA, or you Continue reading Diversify for Retirement With a Brokerage Account
Worrying about what to do with excess money can seem like an odd thing to do, but it’s actually something that can cause a fair amount of stress. Deciding where to put that money isn’t always an easy decision, especially if you’ve already built up a substantial nest egg, have an investment portfolio, and already have an emergency fund going. The decision isn’t so much about which account needs it the most, but can be focused on what account is the most efficient use of your money or which option has the lowest tax implications. It all depends on what Continue reading Don’t Stress Over Excess (Money)!