(Maurie Backman) Buying stocks is a great way to grow wealth over time. But if you’re going to add a stock to your portfolio, you should do so for the right reasons. Here are a few really bad reasons to pick one stock over another. 1. It’s in the news a lot Companies that get […]
Category Archives: Personal Finance
(Maurie Backman) Buying stocks is a great way to grow wealth over time. But if you’re going to add a stock to your portfolio, you should do so for the right reasons. Here are a few really bad reasons to pick one stock over another. 1. It’s in the news a lot Companies that get […]
If you want to learn how to make smart financial decisions, save more and eliminate debt, you’re in luck. Today,… If you want to learn how to make smart financial decisions, save more and eliminate debt, you’re in luck. Today, there are plenty of online personal finance classes offering money-management lessons. Still, “people need to […]
There’s so much to love about Apple, such as the breadth of its strong-selling products, including the iPhone, iPad, iMac, Apple Watch, AirPods, and Apple TV+; they’re the result of a very creative company that has a history of launching whole new product categories. It’s easy to imagine Apple continuing to innovate, building a bigger […]
(Selena Maranjian) “Never” is a strong word. I can imagine selling some or all of just about any stock I own — perhaps because I suddenly need a lot of money to pay medical bills, or because a stock simply seems wildly overvalued and I’ve found a wildly undervalued one in which I have greater […]
(Selena Maranjian) “Never” is a strong word. I can imagine selling some or all of just about any stock I own — perhaps because I suddenly need a lot of money to pay medical bills, or because a stock simply seems wildly overvalued and I’ve found a wildly undervalued one in which I have greater […]
(Selena Maranjian) “Never” is a strong word. I can imagine selling some or all of just about any stock I own — perhaps because I suddenly need a lot of money to pay medical bills, or because a stock simply seems wildly overvalued and I’ve found a wildly undervalued one in which I have greater […]
3. The IRS uses the pro-rata rule After creating a backdoor Roth IRA, the IRS will calculate the exact amount of your tax bill pro-rata, which means proportionally. First, they’ll look at the amount in your traditional IRA. Because it’s possible to have multiple traditional IRA accounts, they look at the sum of all your […]
(Stefon Walters) Both traditional and Roth IRAs are retirement accounts that make saving for retirement more manageable. The problem, however, that some may face is the income limit put in place that limits who can contribute to a Roth IRA. For tax year 2021, single filers making over $140,000 and married couples (filing jointly) making […]
3. The IRS uses the pro-rata rule After creating a backdoor Roth IRA, the IRS will calculate the exact amount of your tax bill pro-rata, which means proportionally. First, they’ll look at the amount in your traditional IRA. Because it’s possible to have multiple traditional IRA accounts, they look at the sum of all your […]