In this listener Q&A episode, Dave and Andrew tackle some key, top-of-mind topics that investors are thinking about during this post pandemic time:* “Can my daughter contribute her unemployment benefits to a Roth?”* How Dave and Andrew feel about Coca Cola's stock* What to do when facing 52 week highs or 52 week lowsThe episode ends with a deeper analogy about how to think about valuation for stocks like Coca Cola, and is worth the listen on its own for that. To get an entire overview of the basics of valuation, be sure to subscribe for the free 7 Steps to Understanding the Stock Market ebook at stockmarketpdf.com.Announcer (00:02):I love this podcast because it crushes your dreams and getting rich quick. They actually got me into reading stats for anything you're tuned in to the Investing for Beginners podcast led by Andrew Sather and Dave Ahern. Step-By-Step premium investing guide for beginners. Your path to financial freedom starts now.Dave (00:33):All right, folks, we'll welcome to the Investing for Beginners podcast. This is episode 177 tonight. Andrew and I are going to answer a couple of great listener questions. And I'm going to go ahead and turn over my friend, Andrew. And he's going to go ahead and read the first question.Andrew (00:48):Yeah, let's give it a whack. So this question comes from Anthony. He says Andrew and Dave first, let me thank you both for starting me down the personal investment path. I've been a subscriber for about a year and binge listened to all the old podcasts. I've read numerous suggested finance books and found other podcasts that have added a positive or contrary opinion. I am much more confident as an investor, and I owe it all to your program. Be proud of your ability to help others. That feels good to read. Thanks for reaching out and saying that he continues, and he says my questions related to COVID-related unemployment benefits and retirement accounts.Andrew (01:27):My daughter's 18 years old lives under my roof. And as a senior in high school in March, she was laid off in September. The gym reopened, and my daughter worked limited hours. She filed for unemployment in March and has been receiving unemployment benefits. I expect her to earn about 4,500 from her employer for 2020, but she will also receive about $7,000 from unemployment benefits. And he says, I have been paying all of her bills, and her money has been occurring in the savings account. If an emergency assumes the above are names of $4,500, is she eligible to contribute the $6,000 max to a Roth IRA? I know the unemployment benefits will be taxed as income but does the unemployment benefit count as income that can fund a retirement account? I don't want to do anything illegal, and I cannot seem to find any answers on the web.
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