If you want to optimize your savings opportunities, can you contribute to your 401(k) at work and to an IRA (individual retirement account) at the same time? Forbes.com readers want to know. P.H. wrote: My daughter has both a 401(k) at work and also contributes to a Roth IRA. Are there contribution limits here? She is 54
Month: December 2021
Nearly two years into the pandemic, we are still spending more at home than we have in previous years. So the way our living spaces look has become more important than ever. But design isn’t exclusive to aesthetics anymore— functionality has become essential. These two factors have been the biggest influences on interior design trends.
Dr. Anthony Fauci on Wednesday predicted that the latest wave of the coronavirus pandemic may hit its peak in the U.S. by the end of January. “It’s tough to say,” said Fauci, President Joe Biden’s top medical advisor, when asked on CNBC’s “Closing Bell” at what point the current surge in infections, fueled by the
Tax Notes reporters recap some of the unusual tax stories they covered in 2021, from an international basketball player’s tax troubles to a court fight in India over a Michael Jackson concert tax. This transcript has been edited for length and clarity. David D. Stewart: Happy holidays from Tax Notes. I’m David Stewart, editor in chief of Tax Notes
In this article DIDI VSCO Scott Mlyn | CNBC Check out the companies making headlines in midday trading Wednesday. Victoria’s Secret — Shares of Victoria’s Secret jumped more than 10% after the intimate apparel retailer announced a $250 million accelerated share repurchase program. The company also reaffirmed fourth-quarter guidance provided in November, including an up
FG Trade | E+ | Getty Images Vanguard investors have been grappling with partial website outages over the past several days that have blocked some customers from trade confirmations, certain statements and forms. These interruptions may cause problems for those making year-end transactions, such as required minimum distributions, as there’s a 50% penalty for missing the
Traders work on the floor of the New York Stock Exchange (NYSE) on December 02, 2021 in New York City. Spencer Platt | Getty Images It’s time for my best guesses for next year: 2022 is a year to go big and bold, because a boom is coming. Not a boom in everything, but certainly a
Jose Luis Pelaez Inc | DigitalVision | Getty Images Coming off several years of outsized gains in the stock market, investors may be hoping 2022 is like deja vu again. Don’t count on it. While future performance is impossible to predict with certainty, many financial advisors expect returns will come back down to Earth. “We
With the New Year, it’s meant to bring an air of optimism. But many people seem to be looking towards 2022 with dread in regards to their finances. According to a recent survey by Bankrate, only one-third of respondents expect their financial situation to improve this coming year. Those that believe their finances will significantly
As it has for 21 months, the pandemic will put a damper on a variety of things this week, from holiday theater performances to blow-out New Year’s Eve celebrations. Then again, sales of new residences in coveted urban nooks have not been among the traditions falling to the virus this year. A case in point
Labor activists hold a rally in support of raising the minimum wage to $15 an hour on the National Mall on May 19, 2021 in Washington, DC. Kevin Dietsch | Getty Images California’s largest businesses will be required to pay workers a minimum of $15 an hour in January. It’s a milestone fast-food workers have
In this article DIDI AKAM VSCO CALM BABA TSLA Check out the companies making headlines before the bell: Cal-Maine Foods (CALM) – The nation’s largest egg producer earned 2 cents per share for its latest quarter, well short of the 30-cent consensus estimate. Sales were better-than-expected, but the bottom line was hit by higher costs
More Americans got into the spirit this holiday, even if it meant spending more than they could afford. Between buying presents, plane tickets and party supplies, 36% of consumers went into debt, owing an average of $1,249, according to a survey by LendingTree. Most holiday borrowers with debt put it on their credit cards, although
Along with a great many other agencies and private sector offices, Social Security offices shut down and sent their workers to work from home when the pandemic hit in March 2020. But their work-from-home mandate continues long after offices have opened up, driven by a union refusal to agree to return. In some cases, the
Like most metro markets around the country, Boston, Massachusetts, saw home and condominium sales stall and halt in the early months of the pandemic. Then May and June 2020 dawned and the race to the suburbs began. And the pace has not slowed as sales activity and sales price numbers continue to hit historic highs.
A person performs a self-swab test for COVID-19 in the Brooklyn borough of New York, the United States, Dec. 17, 2021. Michael Nagle | Xinhua News Agency | Getty Images People infected with the heavily mutated omicron variant of Covid-19 may have increased immune protection against delta, a new study says. As a consequence, omicron
A trader works on the trading floor on the last day of trading before Christmas at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 23, 2021. Andrew Kelly | Reuters U.S. stock futures opened flat Tuesday night following a mixed session as traders continued to assess the threat of the
Elon Musk runs two of the world’s most innovative and valuable tech companies — but you may not want to be his assistant. The 50-year-old SpaceX and Tesla CEO is a business “savant,” but his “gift is not empathy with people,” his brother and longtime business partner Kimbal Musk told Time Magazine earlier this month.
Cargo containers sit stacked on a ship on November 22, 2021 in Bayonne, New Jersey. Spencer Platt | Getty Images Morgan Stanley said most acute supply chain disruptions are already easing and will be more fully resolved within the first half of 2022. That’s the base case the investment bank laid out in a recent
U.S. Secretary of Education Miguel Cardona. Bloomberg | Bloomberg | Getty Images After making payments on her student loans since 2005, Karen Tongson is finally free of her debt. In November, Tongson, an English and gender studies professor, signed into her loan account and discovered her balance had fallen from $47,000 to $0, thanks to
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