Indeed, this is one of the most sure-fire ways to double your money quickly, as all it relies on are the standard mechanics of a traditional 401(k) with an employer match. The downside, however, is that that particular bonus magic only happens with your initial investment. Any future doublings of that invested cash will rely on earning compounded returns over time.
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In most cases, a tax refund represents Uncle Sam handing you back money you had overpaid throughout the previous year. When you get that tax refund, you can certainly invest it -- but you might even be able to invest twice that amount.
Other things to check out:
Money Can't Buy Everything: Wealthy Offer Cash For First Vaccines | Across America, US Patch
ACROSS AMERICA — Can money buy everything? During a deadly, worldwide pandemic, the answer is simple: no. Still, that hasn't stopped wealthy Californians from trying.
Earlier this week, California's long-awaited COVID-19 rollout brought some 327,000 doses of the Pfizer vaccine to the state, many of which were immediately administered to front-line health workers.
Yet some of the Golden State's most affluent residents, like CEOs and celebrities, are offering up a hefty chunk of change to skip the line.
These money and investing tips can help your portfolio if there's a Santa Claus rally — or
These money and investing stories, popular with MarketWatch readers over the past week, offer advice and insights about how to manage your portfolio during the holiday season.
How much longer will this bull market last? That depends on which history you believe.
Stock investors got the big bull market they wished for — and now they should be careful
Mark Hulbert reviews value-versus-growth arguments, the prospect of accelerating inflation and the chances of a double-dip recession.
Here are Wall Street forecasts for 2021 that stand apart from the crowd
Retirement: How long does your money need to last?
And not surprisingly the fear of running out of money is one of older American's greatest concerns, according to a 2019 Aegon Center for Longevity study .
Retirement rule changes 2020: What you need to know about 401(k) plans and IRAs as the year ends amid COVID-19
So, what then are the best ways to manage what experts refer to as longevity risk, the risk of outliving your money?
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► It's tax privileged. Under current tax law, at least 15% of each payment comes through tax free, says Elsasser. "Compare that to a nonqualified single premium immediate annuity where 100% of payments after basis has been returned become taxable as ordinary income," says Elsasser.
Many things are taking place:
My Money: 'I'm a 33-weeks' pregnant doctor'
My Money is a series looking at how people spend their money - and the sometimes tough decisions they have to make. Here, Helen Edwards, 37, from Stafford in the West Midlands takes us through her week's spending.
Helen is an NHS doctor who specialises in emergency medicine. Her husband, James, is a junior NHS doctor training to be an anaesthetist.
Their work is mostly shift-based so they are able to divide the care of their daughter Beth, aged two, although she also goes to nursery two days a week and they have help from Helen's parents.
Trump raised $200m from false election claims. What happens to the money now?
But the money flowing into Trump's political coffers suggests that defeat will not drive the soon-to-be-former president into the political shadows.
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Trump has been on a fundraising drive since the election, rapidly bringing in an astonishing $200m or more on the back of his false claims that the vote was rigged.
Most of the cash is directed to Save America, an organisation formed as a leadership political action committee (Pac) shortly after the election. Leadership Pacs were designed to allow individuals to raise money in support of a favoured candidate and Trump cannot legally use the proceeds to directly fund a run for office himself, such as another bid for the presidency in four years.
GOP winning the Georgia ad war as Dems shift money to ground game - POLITICO
Super PACs have tilted the advertising battle toward Republicans, as Democratic donors invest in groups working on the ground.
Sen. David Perdue speaks to the crowd during a rally with Vice President Mike Pence in support of himself and Sen. Kelly Loeffler on Dec. 10, 2020 in Augusta, Ga. | Jessica McGowan/Getty Images
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Democrats are getting out-advertised in the Georgia Senate runoffs thanks to a megadonor-funded blitz from GOP super PACs in the races that will decide control of the Senate.
Happening on Twitter
8 Simple Ways to Spread Kindness 1. Share a compliment 2. Write a thank you card 3. Only say nice words to yoursel… https://t.co/PCXE7kZJ3Q RebekahRadice (from Los Angeles, CA) Mon Dec 14 17:00:16 +0000 2020
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