5 minute read
Finances
CONSIDER SOME NEW YEAR’S FINANCIAL RESOLUTIONS
As the New Year begins, you be withdrawn tax-free, provided you may want to look ahead to see don’t start taking withdrawals until you which areas of your life you can are 59.5 and you’ve had your account at improve in 2019. Perhaps you’ll decide least five years. You can put most types to exercise more, eat healthier foods, re- of investments – stocks, bonds, mutual connect with old friends or volunteer at funds, government securities and so a school or charitable organization. All on – into an IRA, so it can expand your these goals are certainly worthwhile – options beyond those offered in your but you also may want to add some New 401(k) or similar plan. Year’s financial resolutions to your list. sored retirement plans. For 2019, you 10 percent IRS penalty.) At a minimum, from $5,500 in 2018), or $7,000 (up be tax-deductible, depending on your
BUILD AN EMERGENCY FUND
Here are a few ideas to consider. Try to build an emergency fund containBOOST CONTRIBUTIONS TO expenses, with the money held in a lowYOUR EMPLOYER-SPONSORED risk, liquid account. This fund can help RETIREMENT PLAN you avoid dipping in to your long-term Good news! Contribution limits will be investments to pay for unexpected costs, increasing for many employer-spon- such as a major car repair. can contribute up to $19,000 (up from CONTROL YOUR DEBTS $18,500 in 2018), or $25,000 (up from Do what you can to keep your debts $24,500 in 2018) if you’re 50 or older under control. Ultimately, the less you to your 401(k) or similar employer- have to spend on debt payments, the sponsored retirement plan. It’s usually a more you can invest for your future. good idea to contribute as much as you DON’T OVERREACT TO can afford to your employer’s plan, as FINANCIAL MARKET your contributions may lower your tax- VOLATILITY able income, while any earnings growth In 2018 – especially the last few months is tax-deferred. (Keep in mind that taxes of the year – we saw considerable marare due upon withdrawal, and withdraw- ket volatility, with huge drops and big als prior to age 59.5 may be subject to a gains in rapid succession. put in enough to earn your employer’s What will 2019 bring? It’s always difmatching contribution, if one is offered. ficult – and usually futile – trying to TRY TO “MAX OUT” ON the course of an entire year. But, in any YOUR IRA case, try not to overreact to whatever Even if you have a 401(k) or similar ups and downs we may experience. plan, you can probably still invest in Instead, continue pursuing an investan IRA. For 2019, you can put in up to ment strategy that’s appropriate for your $6,000 in a traditional or Roth IRA (up goals, risk tolerance and time horizon. from $6,500) if you’re 50 or older (in- Following these suggestions can help come restrictions apply to Roth IRAs.) you become a better investor this new Contributions to a traditional IRA may year and beyond. ing three to six months’ worth of living forecast the market’s performance over income, and any earnings growth is *This article was written by Edward tax-deferred. Roth IRA contributions are Jones for us by your local Edward Jones not deductible, but earnings growth can Financial Advisor.
Cole St. Clair, Edward Jones Financial Advisor 13610 N Scottsdale Road Suite 8 Scottsdale, AZ 85254 480-948-1028
Event details Date:
Tuesday, February 19, 2019 How can my investment approach reflect my values? Time: Join the conversation 6:00 PM Appetizers and drinks Interest in responsible investing is intensifying, as a growing number of investors are discovering the possibility of earning competitive returns Location: with portfolios that reflect their values. Tommy Bahama Restaurant 15205 N Kierland Blvd Join us for a seminar that will introduce you to the world of Scottsdale, AZ 85254 responsible investing. You’ll discover how companies are incorporating Event details Hosted by Cole St. Clair environmental, social and governance (ESG) best practices into their Date: For further details, please businesses — and the role you can have as an investor to affect Tuesday, February 19, 2019 contact: Join the conversation positive change. Reserve your place now because space is limited. Time: 6:00 PM Marlaina Traut Office of Cole St. Clair Edward Jones Interest in responsible investing is intensifying, as a growing number of investors are discovering the possibility of earning competitive returns Location: Appetizers and drinks 480-948-1028 Marlaina.Traut@EdwardJones.com with portfolios that reflect their values. Tommy Bahama Restaurant 15205 N Kierland Blvd Join us for a seminar that will introduce you to the world of Scottsdale, AZ 85254 responsible investing. You’ll discover how companies are incorporating Hosted by Cole St. Clair environmental, social and governance (ESG) best practices into their For further details, please businesses — and the role you can have as an investor to affect contact: positive change. Marlaina Traut Office of Cole St. Clair Reserve your place now because space is limited. Edward Jones 480-948-1028 Marlaina.Traut@EdwardJones.com
Not FDIC Insured • Not Bank Guaranteed • May Lose Value Investing involves risk, including the risk of loss. Impact investing and/or Environmental Social Governance (ESG) investing has certain risks based on the fact that ESG criteria excludes securities of certain issuers for nonfinancial reasons and therefore, investors may forgo some market opportunities and the universe of investments available will be smaller.
©2018 Eaton Vance Distributors, Inc. • Member FINRA/SIPC Two International Place, Boston, MA 02110 • 800.836.2414 • eatonvance.com 28401 2.27.18
New Choice New Choice! there's aNot FDIC Insured • Not Bank Guaranteed • May Lose Value Investing involves risk, including the risk of loss. Impact investing and/or Environmental Social Governance (ESG) investing has certain risks based on the fact that ESG criteria excludes securities of certain issuers for nonfinancial reasons and therefore, investors may forgo some market opportunities and the universe of investments available will be smaller.
©2018 Eaton Vance Distributors, Inc. • Member FINRA/SIPC Two International Place, Boston, MA 02110 • 800.836.2414 • eatonvance.com 28401 2.27.18
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