
Turning to gold? Here’s how to avoid capital gains on gold
Gold, like other investments, is subject to capital gains when sold for a profit.
Bankrate investing editor Johna Strickland has built her career on explaining complicated topics to everyday people. As an editor and journalist for more than 15 years, she has touched on nearly every aspect of personal finance and written extensively about the intricacies of public money across local, state and federal entities to help educate taxpayers.
Her coverage included focusing on the financial impacts of government budgets and projects, taxes, legal cases and legislative initiatives. She believes in investing what you can as early as you can and loves spending travel credit card rewards and fiddling with her retirement plan.
I cashed out my first 401(k), also the only one I’d have in my 20s, because I didn’t understand a rollover to a new provider. But one of the beautiful things about investing and saving for retirement is that you can start over, start again, start from a different place. I did all three.
What matters is that you start. You may make mistakes too but you’ll figure it out. Even experts were once beginners.
Investing can be risky and complicated but investing can also be affordable and straightforward. Start with the basics — fund your retirement accounts, give a robo-advisor a try, look at index funds — but start. Even if it's just $10 at first.
Gold, like other investments, is subject to capital gains when sold for a profit.
About 1 in 7 Americans has unclaimed money, and more than $4 billion is returned annually.
Score a tax break on a poor investment to help offset other taxable gains.
There are alternatives to timing the market such as dollar-cost averaging.
Here are five actions to take if your 401(k) balance has been getting smaller.
Here’s why you should avoid panic selling when the markets fall, plus how to win.
After stocks have fallen, investors are paying a lower price for the growth of those businesses.
Preserving your wealth is more about reducing risk than it is about amping gains.