Andy's Two Cents

Notes and thoughts from our director.

March 27, 2025 by bfanderson

Techno/Fundamental Report – 03/27/25

March 21, 2025 by bfanderson

2. How do I start investing if I don’t have much money?

Start small! Many platforms let you invest with $100 using fractional shares or ETFs. Choose a Brokerage company to open an account, contribute to your employer’s 401(k) plan, or open a Roth IRA etc. Focus on consistency — contributing even $50/month can build wealth over time. The magic of compounding interest is amazing.

in Ask Amy 0 comments

March 21, 2025 by bfanderson

3. What’s the difference between a Roth IRA and a traditional IRA?

Traditional IRA: Contributions are tax-deductible now; you pay taxes when you withdraw in retirement. Roth IRA: Contributions are made with after-tax dollars; withdrawals in retirement are tax-free if certain conditions are met. Younger investors often benefit more from a Roth, while those seeking a tax break now might prefer a traditional IRA.

in Ask Amy 0 comments

March 21, 2025 by bfanderson

4. How much do I need to retire?

A common rule of thumb is to aim for about 10–12 times your annual income saved by retirement. Alternatively, plan to withdraw 4% per year of your retirement savings to maintain your lifestyle. But your personal target depends on your expenses, lifestyle goals, and healthcare needs.