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The Roth IRA has many benefits compared to the traditional IRA. Distributions from traditional IRAs, for example, are generally treated as ordinary income and may be subject to income tax. Distributions from traditional IRAs may also be subject to an early distribution penalty if the withdrawal occurs while the IRA owner is under the age

As the price of a college education continues to soar, many American families are counting on significant outside help to foot the bill. Consider that the average cost for tuition and fees at an out-of-state public university is, as of 2022, nearly $24,000 per year, according to The College Board. For private schools, tuition and fees average

If you don’t need your required minimum distributions (RMDs) from your traditional IRA for living expenses, it can be reinvested in a Roth IRA? Yes—assuming that you are eligible for a Roth based on your income. This is because the money to fund your individual retirement account (IRA) can come from any pool of cash

Pedestrians pass by a Lululemon store. Scott Mlyn | CNBC Markets are tense, and May’s hot inflation report has only worsened the situation. Last month’s consumer price index rose 8.6% from a year ago, making it the highest increase since December 1981. The reading spurred further worries about a recession and bond yields jumped on

Options are financial derivatives that give their holders the right to buy or sell a specific asset at a specific time at a given price (strike price). There are two types of options: calls and puts. Long call options are options that enable the option holder to buy an asset at a pre-determined price. Long

In this article NEWR Delmaine Donson | E+ | Getty Images Company: New Relic (NEWR) Business: New Relic is a software-as-a-service company, delivering a software platform for customers to collect telemetry data and derive insights from that data in a unified front-end application. It offers a suite of products on its open and extensible cloud-based

Shopping for a lender can feel confusing and a little intimidating. With so many companies and types of lenders to choose from, you might feel analysis paralysis. Understanding the differences between the main types of lenders can help you narrow down the field. The type of loan you choose is obviously important, but choosing the

Mathisworks | Digitalvision Vectors | Getty Images For years, hotel operators have under-invested in technology, but persistent labor challenges are forcing a reckoning in the industry. “The labor issue is a big driver for investments in technology,” said Mark Haley, a partner at Prism Hospitality Consulting, which specializes in hospitality technology and marketing. “You can’t

Internet scams are continually evolving. The FBI documented a record $3.5 billion in losses due to internet crimes in 2019. Right now, con artists around the world are likely targeting a computer or mobile device near you. Here’s a look at the most common internet scams—and what you can do to safeguard your personal information and

In this article GS David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Internships have begun at Goldman Sachs‘ offices in the U.S. this week, according to the global investment bank. Roughly 3,700 people won a coveted spot in the company’s summer internship

Binary options are financial options that come with one of two payoff options if the contract is held until expiration: a fixed amount or nothing at all. That’s why they’re called binary options—because there is no other settlement possible. The premise behind a binary option is a simple yes or no proposition: Will an underlying

In this article BCSF (Click here to subscribe to the Delivering Alpha newsletter.) Bain Capital, with $160 billion in assets, is one of the largest private, private equity firms. Despite many of its peers going public, like TPG earlier this year, Bain has no immediate plans to join them.  John Connaughton is Bain Capital’s global head of

There’s no doubt that the U.S. dollar has immense power. Its value is determined by the strength of the American economy, which is one of the reasons why it’s the world’s dominant currency. Not only is it the world’s most commonly used currency, but it’s also the world’s reserve currency, meaning it’s held in large

In this article FOUN Traders on the floor of the NYSE, June 8, 2022. Source: NYSE SPACs are known to be a roundabout investment vehicle to take private companies public. Not this one. Bull Horn Holdings is merging with biotech Coeptis Therapeutics, a public company traded over the counter. The SPAC sponsors told CNBC they went for

It’s a myth that you need to put down 20% of a home’s purchase price to get a mortgage. Lenders offer numerous loan programs with lower down payment requirements to fit a variety of budgets and buyer needs. If you go this route, though, expect to pay for private mortgage insurance (PMI). This added expense can

HBCUs (short for historically Black colleges and universities) were first established in the mid-19th century with a very narrow goal—to provide advanced education to African American students who were, at the time, barred from entry into most existing universities and colleges. Though these barriers have since been removed, HBCUs still represent a crucial part of

When it comes to conservative investments, nothing says the safety of principal like Treasury securities. These instruments have stood for decades as a bastion of safety in the turbulence of the investment markets—the last line of defense against any possible loss of principal. The guarantees that stand behind these securities are indeed regarded as one

If you have a nondeductible IRA, you can convert it into a Roth IRA and enjoy the Roth’s advantages, including tax-free withdrawals and no required minimum distributions (RMDs) during your lifetime. However, the rules you’ll need to follow will depend on whether you have only nondeductible IRAs or both nondeductible and deductible IRAs. This article

The early part of the 2000s was a godsend for many consumers. Credit flowed with relative ease, making it nearly impossible to be declined for a loan, credit card, or mortgage. Subprime loans were rampant, giving investors and corporations big profits, but they also helped many people live out the American dream by letting them

The majority of all American consumers receive their utilities services from private companies that are regulated at the state level by public service commissions. According to survey data from the American Public Power Association, privately owned utility companies served 66.9% of electricity customers across the country in 2021. Larger federal or state power utilities are