The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. August is "money month" at MONECO Advisors, where we will be highlighting everything related to adding money into your wallet - including savings strategies, budgeting, cash flow, debt management and more!
In this issue:
- What is a "mega-backdoor roth" and how does it work in 2021? (5 min read)
- We hear a lot about the infrastructure deal in congress, but can infrastructure be a good investment? (3 min read)
- Back to school special: what are the top credit cards for college students? (5 min read)
- BONUS - Upcoming Webinar: Responsible Investing!
If you enjoy our Weekly Wealth of Knowledge, don't forget to check out our content on Facebook, Linkedin, and Twitter! This week we have our own Zahya Beall introducing our latest content and events.
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Mega Backdoor Roths: How They Work in 2021
In a Roth IRA you contribute after tax funds, and all the earnings are tax free...forever! If you like the idea of a Roth, then you’re going to love the supersize version, known as a mega backdoor Roth. If fortune smiles on you, this strategy could allow you to stash an extra $38,500 into a Roth IRA or Roth 401(k) in 2021. But that “if” is big. You could even call it mega.
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Infrastructure As an Investment: Can It Offer Ways To Diversify Portfolios and Add Yield?
During the coming decade, trillions of dollars will be plowed into repairing roads and bridges, updating water/sewage plants, modernizing the electric grid and expanding airport and rail systems. Investors are already lining up to buy debt or take equity stakes in projects as Congress debates passage of a $1.2 trillion bill, a down payment on the $2 trillion McKinsey & Company says the U.S. needs to spend to update its aging infrastructure.
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Best Credit Cards For College Students Of 2021
When you're young, you've got a lot to learn, especially about using and building credit. Here are the best student credit cards to get you started. While in college, you have the opportunity to learn about using credit—in particular, credit cards—responsibly. By doing so, you’ll also build the credit history that may be invaluable just a few years down the road.
Click here to read the full article
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Upcoming Webinar - Aligning Your Financial Goals With Your Values
Do you have to sacrifice returns to make a positive impact on the environment? Join us for an exclusive informative discussion on why responsible investing matters, the trends in it, the steps you can be taking to align your personal values with your investments and how we can help. Afternoon and evening event time slots available.
