[WINii] Investing in your future self

Plus, the scoop on bitcoin ETFs

Author

Minki Jung
January 14, 2024

Hi WINers!

As you set your financial goals for 2024, remember to check your 401k and IRA accounts. The maximum contribution level increased this year. More money you can save taxes on to invest towards your future self. Let's go! 😸

💰 Investing for the Future

What's your investment goal this year? If your company offers a retirement savings plan, it's worth taking full advantage of it. 

Maximum contributions for retirement plans are set by the IRS and change each year. Going over these limits could result in a 10% fine, plus any unpaid income taxes on the excess contributions when you withdraw them. Some companies offer an auto stop feature once you meet your limit, but double check your accounts to be sure.

Here are the contribution limits for 2024:

Did you adjust your contribution amount? 😎

📣 Weekly Poll

Last week's results

In our last newsletter, we asked what work meant to you. 💭

The most popular answer was that it funds your lifestyle (2x the amount of other responses). Next up was that it's a life stressor, or that work is part of your identity. 

Sounds like the majority of WINers are striving for a healthy work/life balance. Loving it!

📈 Bitcoin's Brand New ETFs

This week, the U.S. Securities and Exchange Commission (SEC) approved the first group of U.S. bitcoin exchange-traded funds (ETFs). 10 ETFs from sponsors like BlackRock, Invesco, Fidelity, Grayscale, and Ark Invest got the green light. 

These new ETFs make bitcoin more accessible, especially for those with little cryptocurrency trading experience. 

Bitcoin could also start popping up in mainstream investment portfolios. Institutional fund managers can add bitcoin ETFs to their investment funds and retirement planners can include them in employer-sponsored 401(k) plans.

What's your take on Bitcoin? Would you include them as part of your alternative asset allocation? 🤔🪙

🤸🏻‍♀️ Best Foot Forward

Need help finalizing this year's money plan?

On January 21st, we're hosting a fun and informative financial goal setting webinar. 

What we’ll cover:

  • Face your numbers. Understand which 2023 expenses brought you joy and which you should cut.

  • Build a working 2024 budget. Create a working budget that gets you closer to your financial goals.

📅 Date: January 21st, 2024, Sunday
🕕 Time: 1 - 2:30PM ET | 10 - 11:30AM PT
📍 Location: Zoom

Here's the link to sign up: Webinar Link

See you there!

Minki
Founder, WINii

📢 PS - Refer a Friend!

Are there others female friends/colleagues in your social circle you’d like to include in our money chat? Consider sharing this newsletter!

The more friends you refer, the more bonuses you’ll earn:

  • 5 referrals - Private group Q&A session on student loans 

  • 10 referrals - WINii branded Stanley bottle 30 oz 

  • 15 referrals - 1:1 budget review session with founder

Pass this newsletter to your friends and family by clicking the button below! 👇