Friday | July 20 | 2018


The UniFi team is lovin our new financial advisor...

Tennis ball dog


*Market indexes are the value of certain stocks which represent the overall stock market. Learn more here.*

S&P 500  (Standard’s & Poor 500 ): Made up of the 500 most widely-traded stocks in the U.S. -11.13 (-0.40%). U.S. stocks took a nosedive this week for three reasons: 1. Congress struck a deal that will make it harder for other countries to invest in the U.S. 2. Trade tensions continue to rise and 3. Not-so-stellar corporate earnings reports came out.


This week, the Federal Reserve Bank announced that they are planning on raising interest rates two more times this year. Technical details here, but basically they made it a little harder and a little more expensive for banks to get money. The bad news for you is that loans will be a little harder to get, and interest rates on everything from car loans to credit cards will likely go up. Bummer, right? Well...kind of. It’s actually a sign that our economy is finally getting back to a healthy level after the Great Recession. In the peak of the recession people were so scared to spend money that interest rates had to be really low or no one would take out loans and buy new things. Now people feel safe enough that they will take out loans at a higher rate. And that higher rate is more sustainable for our economy. Buh-bye recession. It’s been real.

Netflix’s stock took a big dip Monday as the company reported that they fell short of their projections of 6 million new subscribers last quarter. The stock price didn’t stay down for long, though, as the media company still has 130 million subscribers, 6.5 times bigger than closest rival Hulu. And they signed an exclusive deal with the Obama’s in May (Hey Michelle!), and producers Ryan Murphy (Glee/American Horror Story) and Shonda Rhimes (Grey’s Anatomy/Scandal) in the preceding year. Netflix also caught up to Disney and Comcast in market value earlier this year. Market value is the price of one Netflix stock multiplied by all the stocks they have on the market. Safe to say Netflix is gonna be a heavy hitter for a while, so keep on streaming friends.

Speaking of topping the money charts, Mark Zuckerberg just passed famous investor Warren Buffet to become the third richest person in the world, while Kylie Jenner is about to pass Zuckerberg as the world’s youngest self-made billionaire at 20 (Zuck was 23 when he did it). If you take issue with “self-made,” get in line.

*Do you have money tricks to add to the pile? Drop us a line.*

UniFi superfan Erin uses cleaning her closet as a way to make extra cash through Thredup. The company mails her a bag, she fills it with clothes and accessories and sends it back. She makes money on anything they sell, and the leftovers get donated to nonprofits. Thanks for sharing, Erin!



Roth IRA: A type of individual post-tax retirement savings account.

Today we touch on Roth IRA’s, the retirement account for people who love control! Also - for people who don’t get a retirement account through their employer. Here’s why the “Roth Independent Retirement Account” (Roth IRA) is great:

1. You can always access your money. Unlike a 401(k), you’ve already paid taxes on the money you put into your Roth IRA. That means you can take it out of the account at any time without fees or taxes, including when you retire.

2. No taxes on the money you make through interest. When you invest money, like you do with the Roth IRA, you earn interest on it. As long as you wait to take out that interest until you retire (at 59.5), you don’t pay taxes on it. More money for pant suits and cruises! So we’re sayin: The money you put in to the Roth IRA you can take out at any time (control!), but the money you earn through interest has to stay put until retirement unless you want to pay hefty fees. Let that retirement egg breathe.

3. Your taxes are lowest now. Chances are that right now you make less money than you will in a few years (trust the process). Less income means a lower “tax bracket,” aka lower tax rate. With the Roth IRA, you get to pay taxes now at the (probably) lower rate. With the 401(k), you would have to wait and pay taxes later when you’re rolling in dough, retiring to the  Bahamas, and in a high tax bracket. Shorty- Get low, low.

4. You get the control. This account is yours. So as long as you make less than $120k($189 if you’re hitched) and are earning income, you can put $5,500 in that baby each year. You pick where you want to invest it and when you take it out (except the interest). And if you want to leave it in there until you’re 90 - that’s cool too. You’re in the driver’s seat.

*This section is not sponsored by any third parties. These are our pure, honest opinions on what we think is easy and works best!*

Maybe you’re a super saver, and you want more options. Or maybe retirement feels crazy overwhelming. Either way, our challenge for you today is to take a peek at Wealthfront. It’s a super easy, totally online way to set up a Roth IRA, and they will manage it for you for a .25% fee on the money you invest. Even if you don’t jump in, we hope you’ll take a look and walk away knowing that there are great tools and services to support you whenever you’re ready to make that move. Plus, (cough, cough), you know...we’ll be here for you too.

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