Become a millionaire by investing the wage hike?
It's hard to invest money when you're making minimum wage. But you can make the boost add up
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   It's hard to invest money when you're making minimum wage. But you can make the boost add up
 
   The kind of pension that qualifies, when it makes sense to defer and the tax consequences to watch out...
 
   It depends on whether you're their beneficiary, a successor holder or neither
 
   Transferring in-kind versus cashing out, plus keep in mind penalties due
 
   Timing the market is difficult; instead, focus on your own asset allocation and risk tolerance
 
   It might make more sense to pay off debt later
 
   You can't use up next year's room this year, but there are ways to put that room to work
 
   It makes sense from a tax perspective but might make investing a hassle