Welcome to NerdWallet’s Good Cash podcast, the place we re
Welcome to NerdWallet’s Good Cash podcast, the place we reply your real-world cash questions.
This week’s episode begins with a dialogue of the few remaining methods individuals can cut back their tax payments, together with contributing extra to retirement and well being care funds.
Then we pivot to this week’s query from Marco in New York, who says, “I’ve realized a bit about shares, index funds, mutual funds and a lot extra, however it’s very overwhelming and I’ve simply been circling for weeks making an attempt to resolve the place to open an account. I hoped you could possibly dive extra into easy methods to choose the very best platform to take a position your cash. What makes some higher than others? I additionally at present have a 401(ok) by my firm. Is it sensible to do my private investing on the identical platform to be constant?”
Have a cash query? Textual content or name us at 901-730-6373. Or you’ll be able to e mail us at [email protected]. To listen to earlier episodes, return to the podcast homepage.
Take a look at this episode on any of those platforms:
Our take
Happily, you don’t must be an professional to open a brokerage account and begin investing. It’s a learn-as-you-go undertaking. The necessary factor is to begin as early as you’ll be able to. The longer you’re out there, the extra wealth you’ll be able to construct.
In the event you’re overwhelmed, contemplate beginning with an choice that does many of the give you the results you want, akin to a robo-advisor. These computerized platforms ask you a number of questions after which set you up with a portfolio of investments that’s always monitored and adjusted.
If you wish to be extra hands-on, the very best investing platform will rely on numerous components. Some corporations concentrate on serving to new buyers study, with a lot of on-line instructional supplies and stay seminars. You probably have a restricted funds, you’ll wish to search for a platform the place the fee to open an account is low or that provides fractional shares (principally, part of a share of inventory that will in any other case be too costly to purchase). If you wish to day commerce, some platforms have extra sturdy analytical instruments and help for that than others. In the event you particularly wish to put money into mutual funds, you will have to keep away from sure brokerages that don’t provide funds. In case your 401(ok) supplier lets you open a person account, that may be a handy choice, however make sure that it offers you with the options and assets you want at an acceptable value.
NerdWallet provides opinions that may enable you type out your choices and discover the very best place to begin.
Our ideas
Dive in. You’ll be able to study as you go.
It’s not one-size-fits-all. The perfect platform will depend on numerous components, together with how hands-on you wish to be.
Think about a robo-advisor. An organization that makes use of laptop algorithms to select investments can do the heavy lifting for you.
Episode transcript
Liz Weston: Welcome to the NerdWallet Good Cash Podcast, the place we reply your private finance questions and enable you really feel somewhat smarter about what you do together with your cash. I’m Liz Weston.
Sean Pyles: And I’m Sean Pyles. You realize the drill. Ship us your cash questions. Perhaps you wish to know in case your credit score is in a very good place to purchase a home, or perhaps you simply wish to up your funding sport. No matter your cash questions, we’re right here to reply them. You’ll be able to name or textual content us on the Nerd hotline at 901-730-6373. That’s 901-730-NERD or e mail us at [email protected].
Liz: And hit that subscribe button in order for you extra Nerdy goodness delivered to your units each Monday. In the event you like what you hear, go away us a evaluate. And yet one more plug earlier than we get into the episode: We’re engaged on a particular podcast the place we’re going to share what you’ve realized this yr about your funds due to the pandemic or in any other case. However to make this occur, we have to hear from you.
Sean: Proper. We would like your voice on this, so please e mail or ship us a voice memo of your monetary classes from the wild yr that’s 2020. Ship them to [email protected]. In your voice memos, simply open up that voice memo app in your telephone, document your ideas, and we’ll share them on a future episode.
Liz: We actually can’t wait to listen to from you, so I hope you’ll do that. OK, let’s get on to this episode. This week, we reply a listener’s cash query about which investing platforms are finest. First although, in our This Week in Your Cash phase, we’re speaking about how one can cut back your tax invoice subsequent yr.
Sean: Proper. We are actually within the last quarter of the yr, by some means, which means that if you wish to cut back your tax obligation for the yr, you solely have a number of months left to take action. Liz, let’s speak by a few of the go-to methods of us can do that. The place do you suppose individuals ought to begin?
Liz: Effectively, the fact is that individuals don’t have some ways to scale back their tax invoice anymore. Most individuals don’t itemize, and that was at all times the way in which that you just bought to collect up your deductions collectively and get that invoice down. So the choices which are nonetheless left to persons are fewer, however they really might be fairly efficient in lowering your taxable earnings, and crucial one is saving for retirement — placing cash right into a 401(ok) you probably have one, IRA should you don’t. That may deliver your tax invoice down, and it’s setting you up for the long run. That’s clearly the go-to place. And should you do have a 401(ok), you’re in all probability getting a match for a minimum of a few of that cash. Once more, it’s not solely a tax break, it’s free cash on prime of it. In the event you occur to be low- or moderate-income, there’s a tax credit score on prime of the tax deduction. Once more, it’s like supercharging your retirement financial savings — it’s a very good factor to do.
Sean: OK. One factor I wished to say is for folk who nonetheless have federal scholar loans that they’re paying off. I’m on this camp. Clearly a variety of the funds have been on maintain due to COVID reduction payments, however should you nonetheless owe curiosity on these loans, it may not be a foul concept to maintain paying them since individuals generally can write off round $2,500 in curiosity. I personally am, for higher or worse, previous that time in paying off my scholar loans, so I’m not paying my loans proper now. However should you owe curiosity, you would possibly as properly do this simply so you will get that tax break come tax season subsequent yr.
Liz: Yeah. It’s like $2,500. It’s use it or lose it. You’ll be able to’t make it up in future years, in order that’s in all probability a good suggestion.
Sean: Proper. And one factor I wish to discuss as properly is writing off donations. That is one thing that bought harder for folk to do after the tax adjustments in 2017. However there’s a slight change for the 2020 tax yr the place of us can write off as much as $300 in money donations with out having to itemize it, which might make this course of lots simpler. We’ve all been donating extra this yr, a minimum of I’ve been I do know, in order that’s one thing that I’m planning on making the most of as properly.
Liz: Yeah. And that was the actual fear for charities is that as a result of so many individuals misplaced that deduction, they fearful that individuals would give much less. It appeared like that was occurring earlier than the pandemic, however now there does appear to be this actual surge in generosity, which is nice. And you must benefit from that little tax break if you will get it.
Sean: Now, what if I’ve spent $70,000 on hairstyling up to now yr? Can I write that off?
Liz: No, there’s all types of enjoyable issues you’ll be able to’t write off.
Sean: OK. Darn. It was a wasted $70Ok.
Liz: Yeah, oh properly. Now, if we have been speaking about Shea Couleé once more, in case you are a drag artist and that is one thing that you just’re doing to lift cash, that’s completely completely different. However yeah, for most individuals …
Sean: … It must be a enterprise expense.
Liz: Sure. And people can get difficult. In the event you do have a aspect enterprise, you must also have a tax professional. Ask your tax professional about it.
Sean: I additionally wish to hear from you, Liz, about flex spending accounts and well being financial savings accounts, as a result of these are two massive choices for individuals as properly. Are you able to discuss that somewhat bit?
Liz: Yeah. And proper now we’re in open enrollment season, so that is the right time to speak about it. So, versatile spending accounts and well being financial savings accounts, they’re separate issues, and FSAs are even damaged down into two issues. They’re for medical bills and for little one care. It’s no marvel individuals get tremendous confused about this.
Sean: Proper. Too many letters.
Liz: Sure, too many letters. However the reality is that is pretax, so once more, you’re shaving down your earnings, you’re saving on taxes and also you’re placing apart cash that you’ll in all probability spend anyway on this stuff. One simple solution to do it’s to have a look at your spending final yr on, for instance, medical spending — your out-of-pocket. And you need to be placing a minimum of that a lot into your FSA, the versatile spending account, should you’ve bought that. And other people get fearful about FSAs as a result of it’s use it or lose it. However usually you will have somewhat little bit of time after the tip of the yr to spend it, and you’ll spend it on a variety of various things, so it’s fairly versatile. There’s additionally FSAs for little one care. And once more, proper now no one’s utilizing little one care, or only a few persons are ready to make use of little one care. That’s not going to proceed endlessly. It’s one thing to consider subsequent yr. Sooner or later, you may be again, you probably have youngsters, to needing care, so that may could possibly be useful.
Well being financial savings accounts are actually supercharged, tremendous wonderful issues, however they’re not for everyone. And what HSAs do is that they’re an account that’s tied to high-deductible medical insurance. You principally put cash into the HSA, you get a tax break while you put it in, the cash might be invested. It’s not simply sitting there, it might develop tax-deferred. After which should you take it out and use it for medical bills, it’s tax-free. It’s like this triple menace — there’s three completely different tax benefits to it.
Sean: However it’s not for everybody.
Liz: It’s not for everybody. And a variety of monetary advisors are inclined to push this stuff as a result of it truly is, it’s the best factor since sliced bread. Some even prefer it higher than 401(ok)s, however not all people ought to have a high-deductible account. You probably have persistent well being circumstances, you probably have youngsters, should you don’t have financial savings to cowl that deductible and you’ll postpone well being care, all these issues imply the high-deductible plan in all probability isn’t for you, which implies the HSA isn’t for you. However should you’re in that class the place it could possibly be a assist, positively test it out.
Sean: I do know you wrote an article about this, proper?
Liz: I’m certain I did.
Sean: All proper. Effectively, we will dig it out of the archives and hyperlink to it on our present notes submit.
Liz: I didn’t write it, however we do have an article at NerdWallet about HSAs versus FSAs, how they differ, how they’re related, and we will hyperlink to that within the present notes.
Sean: OK. One very last thing that I do know may be prime of thoughts for a number of individuals. I’ve bought this query from a few pals to this point this yr, and that’s about whether or not they can write off the a part of their residence or home they’re utilizing as a house workplace on their taxes subsequent yr. What about that?
Liz: Oh, yeah. That’s a fantastic query. The house workplace tax deduction is a enterprise deduction, which implies it’s a must to have enterprise earnings, [Form] 1099, one thing like that. It’s not likely for workers. And there are guidelines to this, so that you positively, once more, wish to analysis it a bit and perhaps speak to a tax professional, however that’s a solution to shave somewhat bit extra doubtlessly off a tax invoice.
Sean: All proper. Effectively, I feel that about covers it for now. Of us nonetheless have a number of months left to type this all out, however I feel now could be a very good time to dig into it. Perhaps over the vacation breaks which are arising, spend a while and work out how one can get the tax cuts that can enable you when it’s good to file subsequent yr, since you received’t be capable to do it previous the tip of this yr.
Liz: Yeah, so the clock is ticking.
Sean: All proper. Let’s get to this episode’s cash query, which comes from Marco in Brooklyn. They write, “Hey NerdWallet. I completely love your podcast and it has been a fantastic useful resource throughout quarantine in getting some information on investing. I’m 27 years outdated dwelling in Brooklyn, and my cash has just about been sitting in a financial savings account for years. The explanation I haven’t touched it and add little by little is as a result of I at all times had the intention of shopping for property. However as I’m getting outdated, I’m realizing shopping for in New York Metropolis appears daunting and I don’t suppose I wish to put my cash towards a 5-by-5 bed room.” I can perceive that, Marco.
All proper. “With that mentioned, I lately began researching easy methods to make investments. I’ve realized a bit about shares, index funds, mutual funds and a lot extra, however it’s very overwhelming, and I’ve simply been circling for weeks making an attempt to resolve the place to open an account. I hoped you could possibly dive extra into easy methods to choose the very best platform to take a position your cash. What makes some higher than others? I additionally at present have a 401(ok) by my firm. Is it sensible to do my private investing on the identical platform to be constant? Thanks on your information as at all times.”
Liz: Oh, I really like these questions from “aged” 27-year-olds.
Sean: I do know. I used to be going to say, Marco, you’re 27 and that isn’t outdated, however I do recognize the element of your query, so thanks for that. However once more, 27 isn’t outdated, and in reality this age may be an enormous asset for you. However to assist reply Marco’s query on this episode of the pod, we’re speaking with Kevin Voigt, an investing super-Nerd.
Liz: Oh, I’m trying so ahead to this. Hey Kevin, welcome to the present.
Kevin Voigt: Hello guys. Thanks for having me.
Sean: We’re actually joyful to have you ever. We bought this query and we knew we needed to have you ever on. Our expensive and indecisive and aged 27-year-old Marco needs to take a position, however doesn’t know easy methods to begin. What are your ideas on this?
Kevin: To begin with, such as you guys mentioned, oh my God, I want I used to be Marco. I might love to return to my 27-year-old self and [say], “Please make investments extra in your 401(ok). Begin investing in your 401(ok), however really, why don’t you do one thing about that $10,000 bank card debt you’re carrying on with?” It seems like he’s in a fantastic place to take a position. And it’s so shocking. Because the inventory market began its tumult within the wake of the coronavirus, lots of people are getting in and, as they name it, shopping for the dip, which is when costs are taking place, when the market’s taking place, get in there and purchase. Marco talked about that he has a financial savings account, which is nice. That’s superior. Positively do this. However we’re in a low-interest atmosphere proper now — traditionally low, actually. And in a financial savings account, you could possibly anticipate to earn, proper now, 1% curiosity a yr or much less.
Sean: Yeah, lots lower than a yr in the past.
Kevin: In the meantime, should you put money into the S&P 500 or shares associated to the S&P 500, that has averaged 8% curiosity per yr the final 50 years. The distinction between 1% and eight% clearly is nice, and Marco has the best benefit any investor has, which is time. Oh my gosh. I pulled out the trusty NerdWallet funding calculator simply to be like, OK, if Marco put $100 [per month] within the financial savings account incomes 1% versus invested that money, incomes on common 8%, what would the distinction be over 10 years? And in 10 years, he would earn at 1% about $700 curiosity. At 8%, he would earn $7,000 curiosity over the identical time frame. It’s simply the magic of compound curiosity.
Liz: However Kevin, we should always elevate the purpose that you just don’t get 8% assured each single yr, proper?
Kevin: Oh, that’s for certain. That’s the factor. Investing, it’s a long-haul technique, as a result of that 8% mathematically appears good over time, however within the meantime, the S&P 500 dropped 34% between February and March. However there’s at all times going to be this churning of the quantity that you just would possibly obtain out of your investments, proper? However time is in your aspect for investments to actually repay in comparison with what you bought the unique funding for.
Sean: Investing, particularly while you don’t want this cash throughout the subsequent 5 years, is a no brainer. You’ll simply make extra, and that’s been confirmed over time. However Marco was fairly not sure about how he needs to take a position. He talked about shares, index funds, mutual funds. Can we speak by every of those choices and perhaps discuss some professionals and cons of them?
Kevin: Positive. Shares might be the most typical factor that individuals have heard of, which is you’re shopping for shares in a publicly traded firm — the Apples of the world, Microsoft — there are millions of publicly traded firms. And also you actually grow to be an proprietor of that for no matter quantity that you just buy in that. The draw back with shares is it’s arduous to purchase a variety of shares in a variety of completely different firms. And also you don’t wish to purchase too many shares in only one firm as a result of that firm could also be doing properly now, however who is aware of 5 or 10 years from now? Enter mutual funds. And mutual funds — “We purchase the inventory so that you don’t must.” They’re firms that exit, and so they purchase, and so they put money into all these completely different firms, after which as a substitute, you buy shares of that fund.
The opposite factor he talked about was index funds, and index funds are like mutual funds in that they exit and so they buy all of the shares so that you don’t must. However the place they’re completely different is — you’ve heard of this factor, the S&P 500 — that’s a inventory market index of the most important, by market share, 500 firms within the U.S. Index funds have the concept, “Hey, what? We don’t essentially wish to beat the market, we wish to be the market.” As we famous, the S&P 500 has elevated 8% on common. It’s a jagged line, however on common per yr. And index fund buyers are saying, “You realize what? That’s fantastic. I’ll take that.” Whereas many mutual funds or actively managed mutual funds, they’re making an attempt to beat the market. If the S&P 500 is averaging 8%, they wish to usher in 10% or 12%. Information flash: They hardly ever do this. It’s very arduous to beat the market. That’s the outline of these three belongings — shares, mutual funds and index funds.
Liz: And I do know at NerdWallet, we actually just like the index fund method as a result of it’s passive, it’s low cost. Warren Buffett likes it too, proper?
Kevin: Yeah. Warren Buffett is legendary for saying, and that is in all probability good recommendation for Marco to listen to, is there’s a beguiling variety of issues you could possibly do. There’s shares, there’s choices buying and selling, there’s futures buying and selling. What about foreign exchange [foreign exchange]? You should buy one or two well-diversified funds, often put extra money into them, name it a day, and open up that piggy financial institution after retirement and luxuriate in your life.
Liz: And also you’ll in all probability do lots higher.
Kevin: Sure. For certain.
Liz: OK, Kevin. We’ve gone over the fundamentals of what you put money into. Now, how do you make investments? How do you go about it?
Kevin: Proper. And that’s the place it looks like Marco is frozen. “What do I do? There are such a lot of” — and there are. We evaluate dozens of various brokerages, and that’s what it’s good to do is open a brokerage account. With shares, you’ll be able to’t go to a division retailer and say, “I want to purchase some Apple inventory please.” You must undergo a licensed brokerage, and that’s opening a brokerage account. So, that’s for starters. You must open up a brokerage account to start buying and selling. Then the subsequent choice — and if Marco was within the room, I would ask him somewhat extra questions relating to this as a result of he talked about shares, index funds, mutual funds — which ought to I am going? The subsequent choice it’s good to make is, “OK, do I wish to do all of this on my own?” Which is to say, “I’m going to decide on what inventory, I’m going to decide on what index fund. …” We didn’t point out bonds or exchange-traded funds or all these completely different asset lessons. “… Do I would like one to try this myself?”
And should you do, then you definitely wish to open a self-directed brokerage account, the place principally you undergo, reply some questions, you fund the account. And when you fund the account, you continue to have time to resolve what to purchase. So you’ll be able to really fund your account earlier than having to make the choices about what to purchase, or do extra analysis, however you’ve bought to have that to get going. And there’s a variety of them on the market. For instance, Ally Make investments, Constancy, Merrill Lynch, Schwab, Robinhood, SoFi Make investments, TradeStation, Vanguard, and a few of these names , a few of them have solely been round for a number of years. It’s actually been the arrival and explosion of expertise and on-line buying and selling that has actually expanded the variety of choices that buyers have on this regard.
If as a substitute you need somebody to “please make these choices for me, I’ll provide the cash and also you inform me the place to go,” the subsequent selection for you’ll be a robo-advisor. These are firms that you just go surfing, you fill out a questionnaire that particulars your threat profile, and most of those robo-advisors have completely different portfolios you’ll be able to select from primarily based on threat profile. And also you do this, you join, and infrequently they strongly encourage and would decrease limits for beginning an account should you join common contributions. In that world, there’s a complete host of different names to select from. There’s Betterment, there’s Wealthfront, there’s E*TRADE, Schwab additionally has it, Ally Make investments, many others that supply this type of automated investing. It’s an actual game-changer for buyers.
Sean: And I’ve been considering that this may in all probability be the simplest route for Marco as a result of there’s lots much less decision-making concerned. And should you’re circling, making an attempt to determine which one to do, it’d be simpler to only discover one which does a variety of the heavy lifting and complex math and all that for you. Once I was simply getting began in investing, I used to be just about in Marco’s similar precise scenario. I wished to, however it took me a very long time to determine easy methods to do it. And once I simply jumped in and signed up for a robo-advisor, I used to be, one, shocked by how briskly it was to enroll. It took 15 minutes versus the 15 hours I’d spent simply considering all these completely different choices. However now that I’m doing it and I’ve month-to-month contributions, it’s such a reduction to know that I’m doing one thing. And once more, I barely give it some thought as a result of it’s simply going and I’ve my contributions. However once I do give it some thought, I’m like, all proper, pat myself on the again for really investing. I feel that may be a very good choice.
Kevin: Yeah. And it’s advantageous as a result of it’s form of like Netflix. You simply join it and each month, a direct deposit. There’s an actual ease to it. However lots of people do like lively investing. The longer I’m right here at NerdWallet, the extra I personally dislike lively investing for myself as a result of it’s actually scary. However lots of people, actually in these occasions we’re seeing it, lots of people are very enthusiastic about making an attempt extra superior investing choices for themselves. And we spend a variety of time additionally trying, for these customers, what are the very best platforms for choices buying and selling? What are the very best platforms for foreign exchange? And so forth. However me personally, “Yeah, do it for me please.”
Sean: Yeah. Effectively, that brings me to my subsequent query which is, what would make certainly one of these higher than one other? As a result of that was a key a part of Marco’s query too.
Kevin: Yeah, and it’s a tricky one to reply with out Marco within the room. And this may be a very good time to pause and say, for any investor like Marco, it wouldn’t be dangerous to spend a few of that financial savings to go to see a fee-only monetary advisor for a go to or two, simply that can assist you out with a few of these ideas. And it’s at all times good to get an out of doors opinion in your monetary state. However that mentioned, there are such a lot of of those brokerages on the market now, and so they all have actually completely different attributes. It actually will depend on what you’re in search of. In the event you’re new to investing and also you wish to study extra about investing itself, there’s many corporations specializing in having sturdy instructional assets, having stay seminars and, in fact, having a deep bench of on-line instructional supplies. That may be one new solution to go.
If you’re a fund investor, there are some brokerages that won’t deal in mutual funds or index funds. So watch out about that, should you join one service and discover out, oh, wait a minute, I can’t really purchase an index fund or a mutual fund by this supplier. You probably have a restricted funds, then clearly you wish to store round for somebody whose value to open an account is low or maybe has choices like fractional shares. Shopping for Apple’s inventory is basically costly, so fractional shares are like, properly, simply purchase an inexpensive little bit of it. That may be one factor to have a look at. And if you’re going to go the day buying and selling route — I don’t have the abdomen for it, however should you do — then there are positively suppliers on the market which have very heavyweight analytical instruments, a really deep bench of assets which you could pay for, doubtlessly moreover to your customary brokerage prices. However they’re on the market and so they’re ready for you. It actually will depend on what you wish to get out of it, I consider.
Liz: So Kevin, Marco requested if he ought to use the identical platform for his particular person account as he does for his 401(ok). What are the professionals and cons of doing that?
Kevin: It’s a wonderfully sensible choice if that agency has all of the bells and whistles that you really want. For instance, a 401(ok) supplier might or might not have fractional shares on provide. They could or might not have day buying and selling platforms on provide. I might look to that. There could also be incentives, too, that firms might provide to encourage you to additionally open a second account with them, like on this scenario. However so long as that agency does the belongings you wish to do together with your investing life, that’s completely fantastic. Why not have it in a single place?
Sean: Ought to Marco be fearful in any respect about placing all of his funding eggs in a single funding basket?
Kevin: No, as a result of he’s not placing all his cash in a single particular funding. It’s simply going by that brokerage account. He might have restricted decisions when it comes to sure varieties of investments, however no, there’s no fear about placing all of your cash by that one account.
Liz: Effectively, one of many issues that we should always point out actually briefly, although, is SIPC [Securities Investor Protection Corporation] insurance coverage.
Kevin: Sure. SIPC insures brokerage accounts as much as $500,000 and of that, $250,000 in money it offers if the brokerage fails. However aside from that, investing is purchaser beware, so there isn’t a insurance coverage for dangerous investing choices.
Sean: Effectively, Kevin, do you will have any last phrases of knowledge for our expensive 27-year-old, aged Marco?
Kevin: Sure. Just a few guidelines of thumb to at all times have in mind in relation to investing is No. 1, as you talked about earlier, I consider, Sean, by no means make investments money that you just’ll want again within the subsequent 5 years. You need the quantity to have the ability to climate the pure ups and downs in worth that’s going to occur over the course of some years. One other rule of thumb is to maintain not more than 10% of your portfolio in particular person shares, simply to maintain diversified. And one other warning: If you’re going to purchase some particular person shares, by no means make investments greater than you’ll be able to afford to lose.
Sean: Effectively, thanks a lot for speaking with us, Kevin. Admire it.
Kevin: Thanks each. Loved it.
Sean: Now let’s get into our takeaway ideas. Liz, do you wish to kick us off?
Liz: I’ll. OK, first, dive in. You’ll be able to study as you go.
Sean: Subsequent up, the “finest manner” to take a position will depend on your consolation degree, time horizon and threat tolerance.
Liz: And eventually, robo-advisors is usually a good answer in order for you somebody or one thing else to do the heavy lifting for you.
Sean: And that’s all we now have for this episode. Do you will have a cash query of your individual? Flip to the Nerds and name or textual content us on the Nerd hotline at 901-730-6373. That’s 901-730-NERD. You may also e mail us at [email protected].
Liz: And right here’s our temporary disclaimer, thoughtfully crafted by NerdWallet’s authorized workforce. Your questions are answered by educated and gifted finance writers, however we’re not monetary or funding advisors. This Nerdy information is offered for normal instructional and leisure functions and will not apply to your particular circumstances.
Sean: And with that mentioned, till subsequent time, flip to the Nerds.
Extra From NerdWallet
Liz Weston is a author at NerdWallet. Electronic mail: [email protected]. Twitter: @lizweston.
Sean Pyles is a author at NerdWallet. Electronic mail: [email protected]. Twitter: @SeanPyles.
The article Good Cash Podcast: Lowering Taxes, and Selecting the Finest Investing Platform initially appeared on NerdWallet.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.