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....
As WeWork crashes and Uber bleeds cash, the consumer-tech gold rush may be coming to an end. Several weeks ago, I met up with a friend in New York who suggested we grab a bite at a Scottish bar in...
Market Review The third quarter was entirely driven by three main factors: interest rates, Brexit, and trade. The Federal Reserve cut rates twice during the quarter, July and September. While the rate cut had its intended effect of driving up...
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...
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...
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,...
This morning, CBS News and other news outlets reported that General Electric has announced that it will be freezing its pension plans for U.S. salaried workers and executives at year-end 2020, according to an October 7 GE press release. They...
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...
After working for multiple decades, it's not uncommon for a taxpayer to have multiple traditional IRAs. Perhaps you have rollover IRAs from previous jobs or several IRAs at different financial institutions. But “in the eyes of the IRS you have...
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,...
The cost of family health coverage in the U.S. now tops $20,000, an annual survey of employers found, a record high that has pushed an increasing number of American workers into plans that cover less or cost more, or force...
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...
