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Investments Tips For College Graduates Missouri

Nowdays, there are more and more newly-graduated students starting the investment. New graduates should max out their 401(k) plans and stay informed of market trends. Here are tips for college graduates.

Local Companies

Online Trading Academy
(913) 956-7050
7501 College Blvd., Ste. 275
Overland Park, MO

QC Holdings Companies
(913) 234-5000
9401 Indian Creek Pkwy., Ste. 1500
Kansas City, MO

Brush Creek Enterprise Center
(816) 471-2799
1316 St. Louis Ave.
Kansas City, MO

FirsTrust Mortgage, Inc.
(913) 312-2000
4501 College Blvd., Ste. 250 A
Kansas City, MO

Katie Dunn Fitzgerald - UBS Financial Services, Inc.
(913) 345-3232
11150 Overbrook Rd., Ste. 300
Kansas City, MO

Quik Cash
(913) 829-9200
129 W. Dennis
Kansas City, MO

Quik Cash
(816) 363-6663
6309 Troost
Kansas City, MO

Quik Cash
(816) 218-6500
P.O. Box 419458
Kansas City, MO

RBC Insurance
(816) 218-6500
P.O. Box 419458
Kansas City, MO

Northwestern Mutual Financial Network
314-244-0711
701 Market Street, Suite 1070
St. Louis, MO

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Investing and trading are like smoking. Both are addictive and can change the quality of your life. For the college graduate, here are five tips to starting a financially-healthy life:

1. Max out your 401(k)

This is the best way to get FREE money. Most employers will match your contribution up to a certain limit. There is one main choice in this area: Traditional or Roth. A traditional plan will take the deduction out of your paycheck before taxes; a Roth plan after. If you are just getting out into the world on your own and are strapped for cash, a traditional plan is advisable. It allows you to take home the maximum amount of money each month. The downside to this is that you will be taxed later in life when your individual tax rate may be higher.

Here's a quick example: Your paycheck is $1,000, contribution rate is 10%, and tax rate is 20%.

Individual Retirement Account- Traditional: ($1,000 - ($1,000 * 10%) = $900 - ($900 * 20% tax) = $720 take home pay

Individual Retirement Account - Roth: ($1,000 - ($1,000 * 20 %) = $800 - ($800 * 20 % tax) = $640 take home pay

2. Know Yourself

Picking individual stocks to invest in requires time for researching and analyzing different stocks. If you are not willing or able to put in the necessary time for research, let someone else do it for you. There are several avenues you can take in the mutual fund and 401(k) world. This will allow you to pick the general investment sectors, areas of the world, and risk level you want to invest in, but a professional will take over from there.

Featured Local Company

Online Trading Academy

9139567050
7501 College Blvd., Ste. 275
Overland Park, MO

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