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Investments Tips For College Graduates North Carolina

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

RSM McGladrey, Inc.
(704) 367-6251
4725 Piedmont Row Drive
Charlotte, NC

Accounting Principals
(704) 552-5454
6000 Fairview Road
Charlotte, NC

L. Frazier Accounting
(704) 553-9996
1510 Burnley Road
Charlotte, NC

Padgett Business Services
(704) 248-6283
6000 Fairview Rd
Charlotte, NC

Paragon Commercial Bank - Charlotte Office
(704) 644-4001
4725 Piedmont Row Drive
Charlotte, NC

SouthPark Jewelers
(704) 554-6010
5950 Fairview Road Suite 12
Charlotte, NC

Wagner Noble & Co.
(704) 552-0553
5970 Fairview Road Suite 402
Charlotte, NC

Mauney-Pitt Financial Management
(704) 481-0101
310-2 E. Graham St.
Shelby, NC

American General Auto Finance
(704) 846-0134
1811 Sardis Rd N
Charlotte, NC

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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

RSM McGladrey, Inc.

(704) 367-6251
4725 Piedmont Row Drive
Charlotte, NC

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Cars	Food & Beverage	Internet	Technology
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Environmental	Home Electronics	Pets	World History