A tax loophole lets high earners contribute indirectly to a Roth IRA High-income earners can’t contribute directly to a Roth IRA, but thanks to a tax loophole they can still contribute indirectly. If you qualify to take advantage of this...
Robinhood's "infinite money" glitch — which enabled premium users to borrow seemingly endless amounts of cash and turn thousand-dollar deposits into million-dollar positions — showcased the dangers of turning investing into a game, one expert says. "The infinite-leverage glitch in...
Millennials are nearly as likely as their older co-workers to be regularly saving for retirement, a new survey has found. A solid 45% of millennial workers said they have a 401(k) or IRA, and 33% of those that have an...
Americans are “somewhat challenged” in having a secure retirement, one expert said recently on Yahoo Finance. “There’s a big mismatch between savings and safety,” Fredrik Axsater, head of institutional client group at Wells Fargo Asset Management, told YFI PM recently....
The end of 2019 is drawing close, so now is a good time to review your retirement accounts and take steps to put your financial house in order. Experts recommend putting two action items on your to-do list. Take your...
According to a Northwestern Mutual survey, people who work with a financial adviser are more likely to know how to balance spending now and saving for later; set specific goals and feel confident that they will achieve those goals; and...
If you’re still working well into your 60s, odds are you’re doing so to bolster your finances. More than 6 out of 10 people polled by Provision Living said that they’re working into retirement purely for financial reasons. The company,...
Walk into an auto dealership these days and you might walk out with a seven-year car loan. That means monthly payments that last well past when the brake pads give out and potentially beyond when the car gets traded in...
6 second take: Can you tell the difference between Roth and traditional retirement plans? Do you know what kind of account is best for your needs? Get the lowdown. Not all tax advantages are created equal. There are tax-deductible, tax-deferred,...
Consumers must jump through some more hoops to get a cash payout from the huge Equifax data breach settlement. To get up to a $125 payment, many people must verify that they have enrolled in a credit monitoring service by...
Freelancing creatives and artists have a bad rap when it comes to money. Many of them shun it, avoid dealing with it, or aren't sure how to make more of it. As I'm working toward being a financial coach to...
A significant portion of U.S. adults are delaying starting to save for retirement until a decade or more into their working career — far later than what financial experts advise. Just 39% of adults who are saving for retirement started...
Although the U.S. economy continues to grow and add jobs, talk of a recession is increasingly in the air due to a number of worrying signs. Business investment and consumer confidence are taking a hit due to the growing economic...
Retirement can be one of the happiest stages of your life, but it can also be one of the most stressful if you're not prepared for it. Nearly a third of adults age 50 and over admit they're not prepared...
One of the basic assumptions of debt is that borrowers pay interest to lenders. That idea has been upended in the global bond market. There’s now about $13 trillion in negative-yielding bonds. Investors who hold them to maturity will end...
