Thanagon Karaket / EyeEm | EyeEm | Getty Images You may be overlooking one retirement investment choice. That’s the ability to put away post-tax money through a Roth individual retirement account. Recent research from TD Ameritrade finds that many individuals are confused when it comes to Roth IRAs. And that means many people are leaving
Month: February 2020
As college costs soar, financial aid can make all the difference. Still, many families wrongfully assume they won’t qualify and don’t even bother to apply. Each year, more than 1.7 million private scholarships and fellowships are awarded, worth more than $7.4 billion. Your family’s income doesn’t have to stand in the way. In fact, qualifying
Sally Anscombe Don’t bet the house on a proposed tax incentive from the White House for investing — at least not yet. As campaigning around the 2020 presidential election heats up, President Donald Trump is weighing a round of tax ideas, including a plan to encourage American households to invest in the stock market. One
James Gorman, chief executive officer and chairman of Morgan Stanley, speaks during the International Economic Forum Of The Americas (IEFA) in Montreal, Quebec, Canada, on Wednesday June 12, 2019. Photographer: Christinne Muschi/Bloomberg via Getty Images Bloomberg Financial services firms are moving out of their comfort zone. Some of the most recognizable names on Wall Street,
If you want to improve your financial know-how, there are plenty of opportunities to do so. From short online tutorials to extensive in-person bootcamps, the number of “Money 101” classes has ballooned since the Great Recession. And yet, when it comes to financial literacy, Americans are still falling far short. According to a survey by
Democratic presidential candidate Michael Bloomberg — whose wealth is estimated at $60 billion — says his tax return is probably thousands of pages long and he can’t use TurboTax to finish it. Most taxpayers don’t deal with such complications. While preparing taxes can be a headache and may involve a lot of pages, using online
Millions of households that hustled to get their tax returns to the IRS early could be waiting until March for their refunds. If you’re claiming the additional child tax credit or the earned income tax credit, the IRS cannot issue your refund before mid-February. An anti-fraud law requires the agency to use that additional time
Michael Bloomberg, billionaire and former mayor of New York, is the latest Democratic presidential candidate to turn his attention to the country’s $1.7 trillion outstanding student loan balance. “At its best, higher education serves as an engine of economic mobility and a pathway to the middle class,” the 78-year-old wrote in his $700 million proposal released
Anne Harper, CEO of OMG Accessories, says many of the products she sells are made outside of Wuhan, where the coronavirus has been heavily concentrated. CNBC As the number of confirmed coronavirus cases and deaths around the world continues to rise, small business owners that import from China are on edge. Kyle Kirshner has been
Jeremy Tooker, owner of Four Barrel Café in San Francisco. Photo: Eric Wolfinger In starting a small business, many entrepreneurs feel the need to do it all. They perform or monitor all aspects of their business, including product development, operations, sales, marketing and customer service. Early on, they may have even acted as their own
Marc Romanelli | Getty Images Small business sentiment is on the rise to kick off 2020, with confidence nearing all-time highs, according to data from CNBC and SurveyMonkey. The CNBC/SurveyMonkey Small Business Confidence Index climbed two points in the first quarter, from 59 to 61, as concerns over trade policy impacts lessened, thanks to a trade
A rally for a $15 minimum hourly wage in New York City in 2015. The city raised its minimum wage to $15 in 2018, while New York State raised its minimum wage to $11.80 in December 2019, and that will increase statewide at the end of 2020 to $12.50. Getty Images Looking for another sign
Sixty-four percent of small business owners approve of the way Donald Trump is handling his job as president, the highest approval rating for Trump among entrepreneurs since CNBC and SurveyMonkey began conducting a quarterly survey in 2017. The spike in approval among small business owners follows a pivotal period for Trump. This CNBC|SurveyMonkey Small Business
Maskot Bildbyrå | Getty Images Suddenly your side hustle is more than just pocket change. You could be looking at a new phase of your business, says Kurt Wiegert, a certified financial planner and president of Towson Wealth Management in Towson, Maryland. The trees are everywhere, yet sometimes you can’t see the big-picture forest. For
Here’s a question every entrepreneur ought to consider: What would happen to your business if one or more of your key employees died suddenly or could no longer work because of a disability? For many fledgling businesses, the loss of a key employee — whether a founder or top sales rep — can be fatal.
This is a live blog. Please check back for updates.All times below are in Eastern Time. 7:50 a.m. WTO warns that COVID-19 could further weaken expected growth of global trade in goods Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization said on Monday, adding that
The next two weeks will be crucial in determining the economic impact of the coronavirus, says International Monetary Fund (IMF) Managing Director Kristalina Georgieva. In that time, factories are due to re-open in China, which would give a “better understanding on the resilience of China and on that basis, the spillover for the rest of
Even though it’s still early to file your taxes, the sooner you crunch the numbers on your return, the better off you could be. The IRS issued more than 111.8 million refunds for the 2018 tax year, with taxpayers receiving an average payment of $2,869. This year could bring an even bigger windfall, for those
This is a live blog. Please check back for updates. All times below are in Beijing time. 8:10 am: Singapore downgrades GDP due to virus, likely to spend big in annual budget 7:30 am: Hubei reports 100 more deaths and 1,933 new cases China’s Hubei province said it has confirmed 1,933 new coronavirus cases and
N26’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Customers of the German online bank N26 say they feel “outraged” and “betrayed” by the firm’s decision to leave the U.K. Berlin-based N26 announced last week that it would no longer be able to operate in the country
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