1 With dollar cost averaging, you use the same dollar amount each month to purchase shares in a mutual fund. If the share price falls, you purchase more shares that month and if the share price rises, that same dollar amount purchases fewer shares. Over time, the dollar cost averaging technique may lead to a better overall cost-per-share.

 

2 For 2018, maximum total contributions to traditional and Roth IRAs  of earned income (taxable compensation) is $5,500 ($6,500 if you’re age 50 or older), but contributions cannot exceed what you earned. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits