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

The opinions expressed and information contained in any article published in the Vault are given in good faith and considered reliable. However, such opinions and information are subject to change without notice and are provided only as of the date issued. Neither Boston Private nor its affiliates warrant the completeness or accuracy of such information. Any third-party opinion is solely the opinion of its author and does not necessarily reflect the opinion of Boston Private or its affiliates. The materials on this website are for informational purposes only and do not take into account your particular investment objective, financial situation or need. Since each client’s situation is unique, you should consult your financial advisor and/or tax planning professional before acting on any information provided herein.