It is wasteful to
leave excess money sitting in an checking account if the savings account will provide a higher return.
Up until now, I just
left any excess money on a savings account (I know it's probably one of the worst uses for leftover money, but I don't really feel the need to earn more and my financial expertise is close to null).
Not exact matches
No one is telling you to stop what you are doing, although with this
excess money, prevent the spending sprees that
leave you hurting the next morning.
If you have
left a job or are retired, roll your
money over to an IRA that offers low - cost investment options unencumbered by
excess fees.
Inheritance
money planning tip # 2: Invest based on your heirs» timelines: If you have substantially more
money than you'll need for the rest of your life, and you plan to
leave the
excess to your heirs as part of your retirement planning, it makes sense to invest at least part of your legacy on their behalf.
When you invest your
money, you will be able to live on the
excess money left after investment and develop that save mentality.
To be sure, some investors with more than enough
money to sustain them will still choose to invest a meaningful portion of their assets in stocks, figuring that any
excess return will help them
leave more to their heirs.
On the other hand, if you have substantially more
money than you'll need for the rest of your life, and you plan to
leave the
excess to your heirs, there is a long term investing strategy you should consider.
Estate planning tip # 2: Invest based on your heirs» timelines: If you have substantially more
money than you'll need for the rest of your life, and you plan to
leave the
excess to your heirs as part of your retirement planning, it makes sense to invest at least part of your legacy on their behalf.
Both efforts benefited from a recent rebound in county revenues, which budget officials say
left an extra $ 11.3 million in
excess fees, revenues and unspent
money from last year's budget.
Or if you decide to
leave the
money in the corporation, there is an
excess retained earnings penalty.
Whistleblowers claim that AggregateIQ not only managed CA's tech platform but that the Brexit group Vote
Leave may have improperly funneled
money to it in
excess of campaign limits.
You use some of the
money you get to pay for your living expenses and if there is any
money left you might use the
excess to pay for a portion of the next deal you do.