Benjamin Curry

2 weeks ago | forbes.com | Benjamin Curry

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. A Roth 401(k) is an employer-sponsored retirement plan that’s funded by after-tax dollars. It shares certain similarities with a traditional 401(k) and a Roth IRA, although there are important differences to understand. What Is a Roth 401(k)? A Roth 401(k) is a tax-advantaged retirement account that combines features of both a traditional 401(k) and a Roth IRA.

Dec 10, 2024 | forbes.com | Sophie Venz |Benjamin Curry |Johanna Leggatt

Bonds are priced in the secondary market based on their face value, or par. Bonds that are priced above par—higher than face value—are said to trade at a premium, while bonds that are priced below their face value—below par—trade at a discount. Like any other asset, bond prices depend on supply and demand. But credit ratings and market interest rates play big roles in pricing, too.

Dec 2, 2024 | forbes.com | Johanna Leggatt |Benjamin Curry

With compound interest, you’re not just earning interest on your principal balance. As ASIC’s Moneysmart site points out, even your interest earns interest. Compound interest is when you add the earned interest back into your principal balance, which then earns you even more interest, compounding your returns. This is what occurs in our superannuation system as well as when we reinvest the dividends from our shares back into our portfolios.

Oct 31, 2024 | forbes.com | Kat Tretina |Benjamin Curry |Sophie Venz

The RBA has routinely spoken of the need to find a “narrow landing” during its rate rise spree of the past two years. It aims to tame inflation by curbing—rather than crushing—demand. So far they have managed this feat: while consumer spending has declined dramatically, unemployment has risen marginally—from a low of 3.5% to 4.1% in November 2024. In its notes after the September RBA meeting, the Board spoke of the country’s economic risks.

Sep 26, 2024 | forbes.com | David Rodeck |Benjamin Curry

Cryptocurrency is no longer the new investment asset on the block, and that means income derived from crypto is getting plenty of attention from the IRS in 2023. Unfortunately, the crypto tax rules remain a bit complicated. The IRS clearly states that crypto may be subject to either income taxes or capital gains taxes, depending on how you use it. Learn More On Cash App Taxes' WebsiteHow Is Cryptocurrency Taxed?