In the News

Title

Forget Dollar Cost Averaging for Investing Your Bonus or Tax Refund

Document Type

Article

Publication Date

1-19-2016

Abstract

Staying invested in the market through dollar cost averaging is usually the best strategy to ensure people will have enough money to last through retirement.

But this strategy has its exceptions when investors receive a bonus from work or a lump sum payment from an insurance claim or tax refund. In these instances, individuals should consider that investing the entire amount might be the best option, said Robert Johnson, president of The American College of Financial Services in Bryn Mawr, Pa.