www.mydigitalmoney.com Open in urlscan Pro
199.189.224.43  Public Scan

Form analysis
2 forms found in the DOM

POST https://www.mydigitalmoney.com/

<form role="search" class="searchform fusion-search-form  fusion-search-form-clean" method="post" action="https://www.mydigitalmoney.com/">
  <div class="fusion-search-form-content">
    <div class="fusion-search-field search-field">
      <label><span class="screen-reader-text">Search for:</span>
        <input type="search" value="" name="s" class="s" placeholder="Search..." required="" aria-required="true" aria-label="Search...">
      </label>
    </div>
    <div class="fusion-search-button search-button">
      <input type="submit" class="fusion-search-submit searchsubmit" aria-label="Search" value="">
    </div>
  </div>
</form>

POST https://www.mydigitalmoney.com/

<form role="search" class="searchform fusion-search-form  fusion-search-form-clean" method="post" action="https://www.mydigitalmoney.com/">
  <div class="fusion-search-form-content">
    <div class="fusion-search-field search-field">
      <label><span class="screen-reader-text">Search for:</span>
        <input type="search" value="" name="s" class="s" placeholder="Search..." required="" aria-required="true" aria-label="Search...">
      </label>
    </div>
    <div class="fusion-search-button search-button">
      <input type="submit" class="fusion-search-submit searchsubmit" aria-label="Search" value="">
    </div>
  </div>
</form>

Text Content

Skip to content
Open An Account   Login

Search for:


 * How It Works
   * Cryptocurrencies
   * Fees
   * Play Money Account
   * Stop-Loss & Auto-Order
   * Security
 * Learn
   * What Is A Crypto IRA?
   * What is Cryptocurrency?
   * What Are Stablecoins?
   * What Are Altcoins?
   * How To Fund Your Crypto IRA
 * About
 * Insights
 * Support
 * Free Crypto Guide
 * 


 * How It Works
   * Cryptocurrencies
   * Fees
   * Play Money Account
   * Stop-Loss & Auto-Order
   * Security
 * Learn
   * What Is A Crypto IRA?
   * What is Cryptocurrency?
   * What Are Stablecoins?
   * What Are Altcoins?
   * How To Fund Your Crypto IRA
 * About
 * Insights
 * Support
 * Free Crypto Guide





A COLLEGE STUDENT’S AND GRADUATE’S GUIDE TO INVESTMENTS AND RETIREMENT SAVING

A College Student’s and Graduate’s Guide to Investments and Retirement Saving

The term “investment” refers to any strategy where you set aside money (or
another asset) to allow it to accrue value over time. Investments should be made
as soon as possible to ensure the biggest growth, especially in the case of
retirement savings. 

However, many young people are hesitant to jump into the world of investments. A
2018 Gallup poll found that only 37% of adults under the age of 35 had money
invested in the stock market compared to 52% in 2006. This increased wariness
among younger adults could be attributed to a combination of inexperience and
uncertain financial circumstances. That being said, it is important to learn
about investing as early as possible so that you can gain that valuable
experience. 


WHY SHOULD COLLEGE STUDENTS AND GRADUATES THINK ABOUT INVESTMENTS AND
RETIREMENT?

In addition to the experience early investing can give you, investing during
young adulthood can give your finances more time to grow. This is particularly
important for things like retirement investments, which often feature relatively
low-interest rates, and therefore require more time to build. 


HOW DO YOU GET STARTED IN INVESTMENTS?

When you start investing, it is important to do so with a plan. Think about what
your long-term financial goals are, and work from there. You might also start
with secure, low-risk investments. 


PLAN FOR INVESTING

Some basic information that any new investor should understand includes the
following:

 * Where does the money earned from investing come from? Your investments will
   typically gain value from company earnings that are passed down to you. 
 * How much should you invest? The rule of thumb is that you should invest about
   15% of your income. 
 * How do you choose an investment? Review your assets, determine your risk
   tolerance, and consider your short and long-term financial goals. 
 * How many investments can you have? You can have as many investments as you
   want, but when you are starting, it is best to focus on a small number of
   investments. 

If you are still uncertain about how to proceed, it could be helpful to schedule
a consultation with a financial advisor to get you started.


WHAT TYPES OF INVESTMENTS ARE THERE?

The following are some of the most common types of investment:

 * Stocks: A stock is a fraction of ownership in a company. 
 * Mutual Funds: This is a managed pool of money from various investors that is
   used to buy stocks, bonds, and other securities.
 * Index Funds: This is a type of mutual fund or exchange-traded fund that is
   built to mirror a segment of the financial market, such as the DOW Jones. 
 * Exchange-Traded Funds (ETFs): This is a grouping of securities that are
   traded through a stock exchange. 
 * Target-Date Funds: This type of investment is built to be more high-risk
   early on, and eventually become lower-risk as it approaches the target date.
   These are usually used for retirement funds, and often take the form of
   mutual funds or collective trust funds. 
 * Bonds: A bond is essentially a loan that you provide to a corporation or
   government body that they are required to pay back with a fixed rate of
   interest. 
 * Certificates of Deposit (CDs): With a certificate of deposit, you agree to
   deposit a sum of money with the financial institution over a specific period,
   during which you will earn a fixed rate of interest. 
 * Cryptocurrency: Cryptocurrency is a type of virtual currency secured by
   cryptography that is not managed by a central authority, such as governments
   or financial institutions. Cryptocurrency investments can offer highly
   flexible options. 

Before you pursue any of these investment opportunities, it is important to shop
around and ensure that you are getting the best deal possible. 


GOOD PLACES TO START INVESTING

A few options that can be valuable for beginning investors include:

 * Online Brokers: A broker is a professional who can provide consulting and
   management services related to stock investments. Online brokers can be
   particularly accessible. 
 * Robo-Advisors: These are automated systems that analyze information about the
   investor to provide financial advice to the client. It may even automatically
   start and manage investments that are best suited for the clients’ needs
   based on an algorithm.
 * Micro-Investing: This is the practice of investing small amounts of money,
   such as spare change. There are many easy-to-use platforms such as mobile
   apps that can help you get started with micro-investing.

In general, it is best to start small and seek out guidance when you begin
investing to make sure that you start on the right foot. 


WHAT ARE THE MOST POPULAR INVESTMENTS FOR COLLEGE STUDENTS AND GRADUATES?

Popular investment options among college students include:

 * Cryptocurrency: Cryptocurrency is a virtual currency secured by cryptography
   that is not managed by a central authority, such as governments or financial
   institutions. While cryptocurrency is increasingly popular among investors,
   it is important to keep in mind that not all cryptocurrencies are equally
   reliable. Therefore, it is important to do your research before investing and
   diversifying your investments in cryptocurrency. 
 * High-Yield Savings Account Or CDs: Savings accounts and CDs are
   highly-accessible and low-risk investments that you can open with your bank
   or credit union. However, compared to a standard savings account, high-yield
   savings accounts and CDs often have more limitations on withdrawals in
   exchange for their high-interest rates. 
 * S&P 500 Index Fund: This is a mutual fund or exchange-traded fund that
   mirrors the Standard and Poor’s 500 Index. This is a highly popular index,
   and therefore funds that mirror it are operating under an evidence-based
   investment strategy.

Ideally, new investors should choose low-risk investment options, and use
management tools to help them get started. Many young people have found that
certain investing apps help introduce them to the world of investing by enabling
them to manage their investments in a centralized location. The next step will
be to diversify your investment portfolio. 


TAXES ON INVESTMENTS

The tax that you will have to pay on your investments will depend on the type of
income that the investment is categorized as. Some notable types of investment
income are:

 * Tax-exempt: This means that you don’t need to pay taxes on the interest you
   earn. Municipal bonds are typically tax-exempt. 
 * Ordinary: This is income that is taxed at your standard rate. Income from
   interest or rent is typically taxed this way. 
 * Capital gain: Capital gain is the value that you receive from selling an
   investment at an appreciated value. Such income will then be subject to a
   capital gains tax, which will be 0%, 15%, or 20% depending on your taxable
   income for that year. However, you typically will only have to pay this tax
   if you have held the asset for over a year. 
 * Tax-deferred: Tax-deferred income is taxed at a later date, typically when
   you withdraw the funds. This is typical of investments such as retirement
   plans. 
   

If you are uncertain how your investment income is categorized, it may be
helpful to seek the assistance of a tax professional. 


HOW DO YOU GET STARTED IN RETIREMENT PLANNING?

Retirement investments are one of the most popular and valuable types of
investments, as it is meant as a financial safety net for when you retire. These
types of investments are also often very accessible and manageable, as there are
many low-risk options, as well as opportunities to invest through your
employer. 


PLANNING FOR RETIREMENT

The following information is important to understand before you get started with
retirement investments:

 * How much should I save? You should save approximately 10-15% of your income
   for retirement. 
 * How do you choose a retirement plan? Review your income, set a long-term
   goal, and check what options are available to you. 
 * How many retirement plans can you have? You can have as many retirement plans
   as you want. However, you cannot exceed your contribution limits for the
   year.

A good place to start will be to check whether there are any retirement plans
available to you through your employer. 


WHAT TYPES OF RETIREMENT PLANS ARE THERE?

Two of the most common types of retirement plans are 401(k)s and IRAs. The major
difference between the two is that a 401(k) is a retirement plan sponsored by
your employer, while an IRA is an account that you set up independently.
However, there are many options for retirement plans, including:

 * Employer-Sponsored Retirement Plans: This is a type of retirement plan
   offered as a benefit through your employer. 
 * 401(k) Plans: This is a type of employer-sponsored retirement plan that is
   drawn from your paycheck and often matched by the employer. 
 * Roth 401(k) Plans: A Roth 401(k) plan is very similar to a traditional 401(k)
   plan, except for the fact that the contributions are made after taxes rather
   than before. 
 * 403(b) Plans: This is a tax-advantaged plan that is available to certain
   entities such as public schools and some nonprofit organizations. 
 * 457(b) Plans: This is a tax-advantaged plan that is available for employees
   of state and local governments, as well as employees of certain nonprofit
   organizations.
 * Simple IRA Plans: This is an employer-sponsored plan used by small
   businesses. 
 * Defined Benefit Plans: This is an employer-sponsored plan in which the
   benefits are based on a defined set of factors, such as salary and duration
   of employment. 
 * Thrift Savings Plans: This is a defined-contribution plan for federal
   employees and members of the uniformed services. 
 * Profit-Sharing Plans: With this plan, employees accrue benefits by sharing in
   the profits of their company. 
 * Employee Stock Ownership Plans: Through this plan, employees are provided
   with stock in the company.
 * Pension Plans: Through this type of plan, companies pay a defined amount to
   employees for life after retirement. 
 * Cash-Balance Plans: This is similar to a traditional pension plan, except
   that an individual account is created for each employee with a lump sum. 
 * Nonqualified Deferred Compensation Plans: Through this type of plan, an
   employee can defer some of their pay until retirement. 
 * IRA Plans: This is a tax-advantaged personal savings plan. 
 * Roth IRA: This is similar to a traditional IRA, except contributions are not
   tax-deductible in exchange for tax-free withdrawals during retirement. 
 * CryptoIRA: A cryptoIRA is just like any IRA, except you invest
   cryptocurrency. You can fund a cryptoIRA by rolling over or transferring
   another existing retirement plan. 
 * Solo 401(k) Plans: This is a type of retirement plan available for
   self-employed workers, as well as for businesses that don’t have any
   full-time employees. 
 * SEP Plans: This type of plan allows employers to make contributions to
   employees’ individual IRA plans. 
 * Payroll Deduction Plans: Contributions are made through payroll deductions. 

It is also important to note that it is sometimes possible to amend the terms of
your plan or roll over your plan into a different type of account. 


TAXES ON RETIREMENT ACCOUNTS

Many retirement contributions are taxed at your typical income tax rate.
However, whether you are taxed during deposit or withdrawal will depend on the
type of plan. Meanwhile, certain plans may be tax-advantaged, tax-deferred, or
tax-exempt. As such, it is important to take the parameters of taxation into
account when you are choosing a retirement plan. 


ADDITIONAL INVESTMENT RESOURCES

The following are additional resources that can assist you with investment
planning and management:

 * Best Investment Apps of 2022: This is a list of popular investment apps
   published by CNBC.
 * Investor.gov: This is a range of online investment resources provided by the
   federal government. 
 * The Beginner’s Guide to Micro-Investing for New Investors: This guide
   explains what micro-investing is and describes its benefits and limitations. 


ADDITIONAL RETIREMENT RESOURCES

The following are additional resources that can assist you with financial
planning and management for retirement:

 * Retirement (USA.gov): This is a comprehensive resource for information and
   tools related to retirement.
 * Retirement (AARP): This is a comprehensive resource for retirement
   information.
 * Best Retirement Planning Tools and Software: This is a list of digital tools
   that can help you plan for retirement. 


ADDITIONAL FINANCIAL LITERACY RESOURCES

The following are additional resources that can improve your general financial
literacy:

 * Financial Terms Glossary: This is a glossary of basic financial terms and
   definitions published by the U.S. federal government. 
 * Financial Education Resources: This is a document published by the U.S.
   Treasury Department that links to financial education initiatives for various
   age levels and personal circumstances. 
 * 9 Financial Literacy Apps for People of All Ages: This is a list of helpful
   apps for gaining financial literacy that is helpful for people of different
   ages and experience levels.

Bob Hand2022-02-15T09:03:32-08:00February 15, 2022|Categories: Investing 101|

SHARE THIS RESOURCE

FacebookTwitterRedditLinkedInEmail



RELATED POSTS


 * What’s the Difference Between a 401(k) vs. a Self-Directed IRA?
   
   Gallery
   
   WHAT’S THE DIFFERENCE BETWEEN A 401(K) VS. A SELF-DIRECTED IRA?

 * Crypto vs. the Stock Market: Which Is Right for You?
   
   Gallery
   
   CRYPTO VS. THE STOCK MARKET: WHICH IS RIGHT FOR YOU?

 * What Does “Tax Deferred Retirement Savings” Mean?
   
   Gallery
   
   WHAT DOES “TAX DEFERRED RETIREMENT SAVINGS” MEAN?

 * 5 Ways To Diversify Your Retirement Portfolio
   
   Gallery
   
   5 WAYS TO DIVERSIFY YOUR RETIREMENT PORTFOLIO


Search for:


RECENT POSTS

 * A Closer Look At Some Of The Emerging Metaverse Crypto Coins
 * A Few Great NFT Stocks to Watch in 2022
 * How To Get Into The Metaverse And Stake Your Claim
 * What Taxes Apply to Crypto?
 * What’s the Difference Between a 401(k) vs. a Self-Directed IRA?

 * Learn
 * Affiliate
 * Newsbits
 * About
 * Contact
 * Free Crypto Guide



CONTACT US

1 South Fair Oaks Ave. Suite 200-B Pasadena CA 91105

Phone: (833) 636-2008

Email: info@mydigitalmoney.com




Copyright 2022 | MyDigitalMoney | Disclosure | Terms and Conditions | Privacy
Policy | Fee Schedule

Important Disclaimer

MDM is not a financial services provider, an exchange, a broker, a dealer, a
broker-dealer, a custodian or a money transmitter. Furthermore, MDM is not an
investment or tax specialist, financial planner or retirement advisor and does
not provide investment or tax advice, finance planning services or retirement
planning or advice. No fiduciary relationship, broker-dealer relationship,
principal-agent relationship or other special relationship exists between MDM
and its clients.

Furthermore, MDM does not receive, send, transmit or hold any client
investments, properties or funds. Due to strict governmental oversight, a third
party custodian, Equity Trust,holds all investments or properties on behalf of
MDM clients and facilitates all transactions for MDM clients.

Simply, MDM is an independent company that merely assists individuals in using
the Equity Trust trading platform to self-execute their purchase, sale and/or
storage of digital currencies within their own self-directed IRA and/or taxable
account. This means that when an MDM client is transacting a trade, the MDM
client is instructing Equity Trust to buy, sell or hold digital currency in its
self-directed IRA and/or taxable account using Equity Trust’s platform. Simply,
all transactions are conducted between the MDM client and Equity Trust using the
Equity Trust platform, where Equity Trust, not MDM or the customer, is actually
executing the purchase, sale or storage of the digital currency.

MDM does not sell or issue payment instruments or stored value; nor does it
receive any monies for transmission. MDM is solely responsible for interfacing
with the client to make sure that they understand the third party platform and
how to use it. Once an account is set up, clients self-direct the custodian,
through the platform, to buy, sell or hold digital currency





Page load link

×

Go to Top