Uncategorized – Polymathics Finance

401k Investing

Named after the tax code from which it derives, the 401(k) is an awesome tool by which to grow your investment portfolio. It’s a salary funded, tax deferred retirement plan sponsored by employers that allow employees to invest into the market. Non-profit employees know them as the 403(b), public sector employees know them as 457Continue reading “401k Investing”

UTMA Custodial Accounts

I received the following message from my cousin a couple of days ago : [REDACTED] was gifted $100. Of course she doesn’t get the value. Instead of blowing it all on Barbie I was thinking about trying this whole investing thing. What would you recommend? The UGMA, or Uniform Gift to Minors Act, was passedContinue reading “UTMA Custodial Accounts”

Starting Your Investment Journey

When I first started investing with a brokerage, I had to pay for each trade ($5-$8 per trade, or something like that), but Robinhood came onto the scene and really impacted the industry by allowing free trading. This drove some of the larger, older brokerages to follow suit and cut fees as well which openedContinue reading “Starting Your Investment Journey”

The Why

I am young enough to have several years ahead of me before retirement, but old enough to preface conversations with “back when I was your age” when lecturing to my teen-aged daughter as I tell her to get off my lawn. This is probably a horrible way to describe that, mostly because she hates beingContinue reading “The Why”