https://padlet.com/farrowsm231/d30zojhaqrifcen0 Money coming your way en-us 2021-07-23 15:19:27 UTC 2021-07-23 16:09:45 UTC hello@padlet.com https://padlet.net/icons/png/1f4b0.png farrowsm231 https://padlet.com/farrowsm231/d30zojhaqrifcen0/wish/1659477102 Four Goals
-Buying a car in the next three years
-Saving for college
-Starting a retirement account
-Saving for an emergency fund]]> 2021-07-23 15:22:46 UTC https://padlet.com/farrowsm231/d30zojhaqrifcen0/wish/1659477102 farrowsm231 https://padlet.com/farrowsm231/d30zojhaqrifcen0/wish/1659480518 Splitting the money evenly will give me a solid place to start for each goal. No goal will have any advantage over another.]]> 2021-07-23 15:27:25 UTC https://padlet.com/farrowsm231/d30zojhaqrifcen0/wish/1659480518 farrowsm231 https://padlet.com/farrowsm231/d30zojhaqrifcen0/wish/1659485072 I will have to create a put-and-take account for the emergency fund, stage 1 of investing.
Also having to start systematic investing for my retirement account, stage 3 of investing. 
I will have a savings bond for my college funds.
I will have a long-term CD for saving up for my car.]]> 2021-07-23 15:33:23 UTC https://padlet.com/farrowsm231/d30zojhaqrifcen0/wish/1659485072 farrowsm231 https://padlet.com/farrowsm231/d30zojhaqrifcen0/wish/1659496841 Put & Take Account
-May lose money quickly because of variable expenses 
Systematic Investing
-Point-to-point risk, opportunity loss when markets are cheaper
Savings Bond
-Interest rate risks
Certificate of Deposit 
-Rising interest rates, premature withdrawals ]]> 2021-07-23 15:48:07 UTC https://padlet.com/farrowsm231/d30zojhaqrifcen0/wish/1659496841 farrowsm231 https://padlet.com/farrowsm231/d30zojhaqrifcen0/wish/1659507348 Transitional IRA
Pros
-tax advantages
-contributions aren't taxable income
-wont owe any tax until money is withdrawn 
Cons
-may cost a lot to remove money from 
-must invest the money yourself]]> 2021-07-23 16:02:14 UTC https://padlet.com/farrowsm231/d30zojhaqrifcen0/wish/1659507348